Mutual of America Capital Management LLC Reduces Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Mutual of America Capital Management LLC reduced its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 33,021 shares of the building manufacturing company’s stock after selling 784 shares during the period. Mutual of America Capital Management LLC’s holdings in Louisiana-Pacific were worth $3,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. lifted its holdings in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth about $35,000. Versant Capital Management Inc lifted its holdings in shares of Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the 3rd quarter worth about $38,000. Finally, Covestor Ltd lifted its holdings in shares of Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Up 1.2 %

NYSE:LPX opened at $96.32 on Thursday. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. 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 cap of $6.71 billion, a P/E ratio of 16.38, a P/E/G ratio of 1.24 and a beta of 1.95. The firm has a 50-day simple moving average of $109.16 and a 200-day simple moving average of $106.85.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same quarter in the previous year, the business posted $0.71 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.16%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s payout ratio is presently 19.05%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on LPX shares. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.50.

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.