Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 4.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,523 shares of the building manufacturing company’s stock after selling 1,719 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Louisiana-Pacific worth $3,007,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Louisiana-Pacific by 1.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after purchasing an additional 167 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the period. CWM LLC grew its position in Louisiana-Pacific by 9.0% in the second quarter. CWM LLC now owns 2,279 shares of the building manufacturing company’s stock valued at $188,000 after acquiring an additional 188 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Louisiana-Pacific by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after purchasing an additional 220 shares in the last quarter. Finally, Investment House LLC boosted its stake in shares of Louisiana-Pacific by 5.5% in the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock valued at $393,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The disclosure for this sale can be found here. Insiders have sold a total of 35,900 shares of company stock worth $3,368,774 in the last three months. 1.26% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have commented on LPX. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price for the company. in a research note on Thursday, August 8th. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Finally, The Goldman Sachs Group boosted their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and an average target price of $92.67.

Louisiana-Pacific Trading Up 0.9 %

Shares of NYSE LPX opened at $106.48 on Tuesday. Louisiana-Pacific Co. has a 12-month low of $49.47 and a 12-month high of $106.81. The company has a market cap of $7.63 billion, a price-to-earnings ratio of 29.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $95.48 and its 200 day simple moving average is $87.35.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Equities research analysts expect that Louisiana-Pacific Co. will post 5.05 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 28.57%.

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.