State of Alaska Department of Revenue Has $598,000 Stock Holdings in Louisiana-Pacific Corporation $LPX

State of Alaska Department of Revenue cut its position in Louisiana-Pacific Corporation (NYSE:LPX) by 5.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,955 shares of the building manufacturing company’s stock after selling 370 shares during the period. State of Alaska Department of Revenue’s holdings in Louisiana-Pacific were worth $598,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in LPX. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock valued at $52,000 after buying an additional 242 shares during the period. Fifth Third Bancorp grew its stake in shares of Louisiana-Pacific by 41.5% in the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock valued at $96,000 after buying an additional 305 shares during the period. First Horizon Advisors Inc. grew its stake in shares of 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 valued at $111,000 after buying an additional 484 shares during the period. Leavell Investment Management Inc. grew its stake in shares of 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 valued at $205,000 after buying an additional 231 shares during the period. Finally, Wedmont Private Capital acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at about $205,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $89.81 on Wednesday. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87. The stock’s 50 day moving average price is $93.10 and its 200-day moving average price is $90.63. The company has a market capitalization of $6.25 billion, a PE ratio of 21.18, a PEG ratio of 2.05 and a beta of 1.80. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20.

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

Louisiana-Pacific Dividend Announcement

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

Analysts Set New Price Targets

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

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction that occurred 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 sale, the director owned 29,728 shares of the company’s stock, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.42% of the company’s stock.

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.