Natixis Takes $768,000 Position in Louisiana-Pacific Co. (NYSE:LPX)

Natixis bought a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,415 shares of the building manufacturing company's stock, valued at approximately $768,000.

Several other hedge funds have also modified their holdings of the stock. Barclays PLC raised its stake in Louisiana-Pacific by 20.0% during the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock worth $3,877,000 after purchasing an additional 6,011 shares during the period. Sanctuary Advisors LLC acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter worth $201,000. Arvest Bank Trust Division purchased a new position in shares of Louisiana-Pacific in the 3rd quarter worth $1,000,000. Wilmington Savings Fund Society FSB acquired a new position in Louisiana-Pacific in the third quarter valued at $323,000. Finally, Tidal Investments LLC grew its position in Louisiana-Pacific by 35.0% during the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company's stock valued at $3,076,000 after acquiring an additional 7,419 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Loop Capital cut their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. BMO Capital Markets boosted 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. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Finally, Truist Financial reduced their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific currently has a consensus rating of "Hold" and an average price target of $108.63.

Louisiana-Pacific Stock Down 1.4 %

Shares of LPX stock traded down $1.24 on Tuesday, hitting $85.94. The stock had a trading volume of 67,390 shares, compared to its average volume of 731,396. Louisiana-Pacific Co. has a 52-week low of $72.06 and a 52-week high of $122.87. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 1.24 and a beta of 1.86. 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 stock's 50 day moving average is $90.90 and its 200-day moving average is $103.60.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 25.35% and a net margin of 14.31%. The company's revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. As a group, research analysts expect that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

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.