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

Mutual of America Capital Management LLC lessened its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 33,021 shares of the building manufacturing company’s stock after selling 784 shares during the quarter. 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 and Exchange Commission.

Several other large investors also recently bought and sold shares of LPX. Wealth Enhancement Advisory Services LLC grew its position in Louisiana-Pacific by 68.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,456 shares of the building manufacturing company’s stock worth $694,000 after purchasing an additional 2,615 shares during the last quarter. State of Alaska Department of Revenue grew its position in Louisiana-Pacific by 4.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 7,265 shares of the building manufacturing company’s stock worth $780,000 after purchasing an additional 335 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific during the 3rd quarter worth approximately $38,000. Van ECK Associates Corp grew its position in Louisiana-Pacific by 33.9% during the 3rd quarter. Van ECK Associates Corp now owns 38,468 shares of the building manufacturing company’s stock worth $3,849,000 after purchasing an additional 9,735 shares during the last quarter. Finally, Hanseatic Management Services Inc. grew its position in Louisiana-Pacific by 23.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company’s stock worth $90,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

LPX opened at $96.32 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The firm has a fifty day moving average price of $109.16 and a 200 day moving average price of $106.85. Louisiana-Pacific Co. has a 1 year low of $71.39 and a 1 year high of $122.87. The stock 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.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (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 firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same period in the previous year, the business posted $0.71 EPS. The business’s revenue was up 3.5% compared to the same quarter last year. Equities research analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Loop Capital dropped their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. DA Davidson dropped their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. TD Securities dropped their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Finally, StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.50.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by company insiders.

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.