MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $51.39 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 496,246 shares of the building manufacturing company's stock after buying an additional 27,083 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.71% of Louisiana-Pacific worth $51,386,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its stake in shares of Louisiana-Pacific by 1,736.2% in the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after purchasing an additional 842,809 shares during the last quarter. Norges Bank acquired a new position in shares of Louisiana-Pacific in the 4th quarter worth approximately $78,181,000. FMR LLC grew its stake in shares of Louisiana-Pacific by 17.1% in the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock worth $384,031,000 after purchasing an additional 540,703 shares during the last quarter. Palestra Capital Management LLC acquired a new position in shares of Louisiana-Pacific in the 4th quarter worth approximately $34,521,000. Finally, Principal Financial Group Inc. grew its stake in shares of Louisiana-Pacific by 215.0% in the 4th quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company's stock worth $48,686,000 after purchasing an additional 320,912 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Up 2.0%

Shares of LPX stock traded up $1.91 during trading on Friday, hitting $95.35. 793,910 shares of the company were exchanged, compared to its average volume of 706,621. 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 firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.22, a P/E/G ratio of 1.24 and a beta of 1.94. The business's 50-day simple moving average is $89.16 and its 200 day simple moving average is $102.44. 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 posted its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company posted $1.53 earnings per share. As a group, analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.65%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LPX shares. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. DA Davidson dropped their target price 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. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. TD Securities dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Finally, Truist Financial dropped their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $107.38.

Louisiana-Pacific 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.