Louisiana-Pacific Corporation $LPX Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Louisiana-Pacific Corporation (NYSE:LPX) by 4.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,800 shares of the building manufacturing company’s stock after selling 1,372 shares during the period. Mutual of America Capital Management LLC’s holdings in Louisiana-Pacific were worth $2,648,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. 59 North Capital Management LP grew its holdings in Louisiana-Pacific by 32.1% during the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock valued at $240,863,000 after buying an additional 635,817 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in Louisiana-Pacific by 33,243.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after buying an additional 2,581,023 shares during the last quarter. Eminence Capital LP grew its holdings in Louisiana-Pacific by 16.0% during the 1st quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company’s stock valued at $154,153,000 after buying an additional 230,837 shares during the last quarter. Palestra Capital Management LLC grew its holdings in Louisiana-Pacific by 173.5% during the 1st quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock valued at $83,851,000 after buying an additional 578,248 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in Louisiana-Pacific by 6.0% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 684,998 shares of the building manufacturing company’s stock valued at $63,007,000 after buying an additional 38,801 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

LPX stock opened at $92.78 on Friday. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The stock’s fifty day simple moving average is $92.28 and its 200-day simple moving average is $90.68. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 21.88, a price-to-earnings-growth ratio of 2.08 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $755.00 million for the quarter, compared to analysts’ expectations of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business’s revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 earnings per share. Equities research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific’s dividend payout ratio (DPR) is 26.42%.

Wall Street Analyst Weigh In

LPX has been the topic of a number of analyst reports. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Wall Street Zen cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a report on Thursday, September 25th. Truist Financial decreased their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a report on Friday, July 11th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $110.57.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the transaction, the director directly owned 29,728 shares of the company’s stock, valued at approximately $3,002,528. This trade represents a 1.65% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.42% of the company’s stock.

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.