Mercer Global Advisors Inc. ADV Buys 3,162 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 56.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,783 shares of the building manufacturing company's stock after purchasing an additional 3,162 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Louisiana-Pacific were worth $909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC boosted its holdings in shares of Louisiana-Pacific by 269.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock worth $4,318,000 after buying an additional 30,418 shares during the period. Truist Financial Corp grew its position in shares of Louisiana-Pacific by 47.3% in the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock valued at $1,010,000 after purchasing an additional 3,129 shares during the last quarter. Symphony Financial Ltd. Co. bought a new position in shares of Louisiana-Pacific in the fourth quarter worth about $259,000. Victory Capital Management Inc. lifted its position in shares of Louisiana-Pacific by 23.8% during the 4th quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock worth $17,338,000 after purchasing an additional 32,210 shares during the last quarter. Finally, New York Life Investment Management LLC bought a new stake in Louisiana-Pacific during the 4th quarter valued at approximately $699,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Royal Bank of Canada upped their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday. DA Davidson decreased their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock 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 price objective for the company in a research report on Wednesday. Truist Financial decreased their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Finally, TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $90.66 on Friday. The business has a 50 day simple moving average of $88.99 and a 200 day simple moving average of $102.69. 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 $6.32 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. Louisiana-Pacific Co. has a one year low of $78.82 and a one year high of $122.87.

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

Louisiana-Pacific Dividend Announcement

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

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.

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