Mutual of America Capital Management LLC Sells 2,063 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Mutual of America Capital Management LLC lessened its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,875 shares of the building manufacturing company’s stock after selling 2,063 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.06% of Louisiana-Pacific worth $2,824,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LPX. Raymond James & Associates increased its position in Louisiana-Pacific by 4.1% during the 1st quarter. Raymond James & Associates now owns 47,998 shares of the building manufacturing company’s stock valued at $2,982,000 after buying an additional 1,898 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Louisiana-Pacific by 116.3% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 28,113 shares of the building manufacturing company’s stock valued at $1,746,000 after buying an additional 15,115 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Louisiana-Pacific by 50.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 9,505 shares of the building manufacturing company’s stock valued at $590,000 after buying an additional 3,179 shares in the last quarter. MetLife Investment Management LLC increased its position in Louisiana-Pacific by 34.1% during the 1st quarter. MetLife Investment Management LLC now owns 57,184 shares of the building manufacturing company’s stock valued at $3,552,000 after buying an additional 14,544 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Louisiana-Pacific by 33.0% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,787 shares of the building manufacturing company’s stock valued at $2,409,000 after buying an additional 9,615 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

LPX has been the topic of a number of research reports. TheStreet lowered Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. DA Davidson reaffirmed a “buy” rating and set a $76.00 target price on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Royal Bank of Canada raised their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Thursday, February 15th. TD Securities raised their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Truist Financial raised their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $73.71.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $72.02 on Friday. The company has a market capitalization of $5.21 billion, a P/E ratio of 29.40 and a beta of 1.84. The business’s 50 day moving average is $76.10 and its two-hundred day moving average is $67.11. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $84.54.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. The company had revenue of $658.00 million for the quarter, compared to the consensus estimate of $618.60 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. Louisiana-Pacific’s revenue for the quarter was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.61 earnings per share. Analysts expect that Louisiana-Pacific Co. will post 3.85 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.44%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio is currently 42.45%.

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.