Mackenzie Financial Corp Acquires 6,727 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Mackenzie Financial Corp increased its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 193.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,201 shares of the building manufacturing company's stock after purchasing an additional 6,727 shares during the quarter. Mackenzie Financial Corp's holdings in Louisiana-Pacific were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Louisiana-Pacific during the 4th quarter worth $35,000. First Horizon Advisors Inc. raised its stake in Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after buying an additional 259 shares in the last quarter. GeoWealth Management LLC grew its position in shares of Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after acquiring an additional 865 shares in the last quarter. Covestor Ltd increased its holdings in shares of Louisiana-Pacific by 142.6% in the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after acquiring an additional 613 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its position in shares of Louisiana-Pacific by 136.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company's stock valued at $158,000 after acquiring an additional 879 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $0.44 during mid-day trading on Friday, hitting $90.05. 728,668 shares of the stock were exchanged, compared to its average volume of 705,067. The stock's fifty day simple moving average is $88.97 and its two-hundred day simple moving average is $101.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a market cap of $6.27 billion, a P/E ratio of 15.31, a PEG ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a twelve month low of $78.82 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $724.00 million for the quarter, compared to analysts' expectations of $711.66 million. During the same period in the prior year, the firm earned $1.53 earnings per share. Louisiana-Pacific's revenue was up .0% compared to the same quarter last year. As a group, analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Analysts Set New Price Targets

A number of brokerages have commented on LPX. BMO Capital Markets lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Truist Financial reduced their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. DA Davidson lowered their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a research report on Thursday, February 20th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Wednesday, May 7th. Finally, TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $107.38.

Louisiana-Pacific Company Profile

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.