CANADA LIFE ASSURANCE Co Has $6.07 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

CANADA LIFE ASSURANCE Co boosted its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 17.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,669 shares of the building manufacturing company's stock after acquiring an additional 8,540 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.08% of Louisiana-Pacific worth $6,074,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its position in Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific in the 4th quarter worth approximately $35,000. Versant Capital Management Inc grew its position in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Louisiana-Pacific by 65.0% during the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after purchasing an additional 232 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in shares of Louisiana-Pacific by 56.2% in the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after purchasing an additional 259 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

Shares of LPX traded down $1.30 during trading hours on Tuesday, hitting $85.88. 49,046 shares of the company were exchanged, compared to its average volume of 731,370. The firm has a fifty day simple moving average of $90.90 and a 200-day simple moving average of $103.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company has a market capitalization of $5.99 billion, a PE ratio of 14.61, a PEG ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a one year low of $72.06 and a one year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 EPS. As a group, sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.30%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LPX. Truist Financial dropped their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. DA Davidson dropped their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Loop Capital reduced their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Finally, TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $108.63.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.