Mutual of America Capital Management LLC Decreases Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Mutual of America Capital Management LLC trimmed its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 4.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 39,875 shares of the building manufacturing company’s stock after selling 2,063 shares during the period. Mutual of America Capital Management LLC’s holdings in Louisiana-Pacific were worth $2,824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Neuberger Berman Group LLC lifted its holdings in Louisiana-Pacific by 0.6% during the 4th quarter. Neuberger Berman Group LLC now owns 32,177 shares of the building manufacturing company’s stock worth $1,905,000 after buying an additional 189 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Louisiana-Pacific by 2.5% in the 1st quarter. Captrust Financial Advisors now owns 9,020 shares of the building manufacturing company’s stock valued at $560,000 after purchasing an additional 220 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Louisiana-Pacific by 7.9% in the 2nd quarter. IFP Advisors Inc now owns 3,469 shares of the building manufacturing company’s stock valued at $260,000 after purchasing an additional 254 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Louisiana-Pacific by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 18,461 shares of the building manufacturing company’s stock valued at $1,020,000 after purchasing an additional 255 shares during the last quarter. Finally, First Republic Investment Management Inc. lifted its holdings in shares of Louisiana-Pacific by 8.6% in the 1st quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company’s stock valued at $218,000 after purchasing an additional 278 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on LPX shares. TD Securities boosted their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. DA Davidson reissued a “buy” rating and issued a $76.00 target price on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. TheStreet downgraded Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. Finally, TD Cowen restated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $73.71.

Louisiana-Pacific Stock Performance

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

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

Louisiana-Pacific Increases Dividend

The firm also recently announced 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. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 annualized dividend and a yield of 1.44%. Louisiana-Pacific’s payout ratio is presently 42.45%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s 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 approximately $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is currently owned by insiders.

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.