GAMMA Investing LLC Sells 129 Shares of Louisiana-Pacific Corporation $LPX

GAMMA Investing LLC decreased its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 19.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 528 shares of the building manufacturing company’s stock after selling 129 shares during the period. GAMMA Investing LLC’s holdings in Louisiana-Pacific were worth $45,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in shares of Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock valued at $52,000 after acquiring an additional 242 shares in the last quarter. Fifth Third Bancorp raised its holdings in Louisiana-Pacific by 41.5% in the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock worth $96,000 after purchasing an additional 305 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Louisiana-Pacific by 67.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company’s stock worth $111,000 after purchasing an additional 484 shares in the last quarter. Leavell Investment Management Inc. raised its holdings in Louisiana-Pacific by 11.6% in the 1st quarter. Leavell Investment Management Inc. now owns 2,231 shares of the building manufacturing company’s stock worth $205,000 after purchasing an additional 231 shares in the last quarter. Finally, Wedmont Private Capital bought a new position in Louisiana-Pacific in the second quarter worth about $205,000. Institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on LPX. DA Davidson reissued a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research note on Thursday, September 25th. Truist Financial decreased their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Wall Street Zen downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a report on Saturday, September 27th. Four analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $110.57.

Louisiana-Pacific Price Performance

NYSE LPX opened at $90.29 on Friday. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87. The stock has a 50-day moving average of $93.10 and a 200 day moving average of $90.68. The company has a market capitalization of $6.29 billion, a price-to-earnings ratio of 21.29, a PEG ratio of 2.08 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The company had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.Louisiana-Pacific’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.09 earnings per share. On average, sell-side analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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

Insiders Place Their Bets

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

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.