Mutual of America Capital Management LLC Has $4.98 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

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Mutual of America Capital Management LLC grew its stake in Louisiana-Pacific Co. (NYSE:LPXGet Rating) by 1.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 80,235 shares of the building manufacturing company’s stock after buying an additional 1,451 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Louisiana-Pacific were worth $4,984,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Bessemer Group Inc. acquired a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $27,000. TCI Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the first quarter worth $39,000. Ahrens Investment Partners LLC bought a new stake in shares of Louisiana-Pacific in the first quarter worth $40,000. Rather & Kittrell Inc. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $43,000. Finally, Ellevest Inc. lifted its position in shares of Louisiana-Pacific by 51.6% in the first quarter. Ellevest Inc. now owns 1,234 shares of the building manufacturing company’s stock worth $77,000 after purchasing an additional 420 shares in the last quarter. Institutional investors and hedge funds own 94.99% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of LPX opened at $61.58 on Monday. The firm has a market capitalization of $5.06 billion, a PE ratio of 3.72 and a beta of 1.62. The company’s 50-day moving average is $61.15 and its 200-day moving average is $65.28. Louisiana-Pacific Co. has a fifty-two week low of $49.98 and a fifty-two week high of $79.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 2.09.

Louisiana-Pacific (NYSE:LPXGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The building manufacturing company reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.54 by $0.54. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.26 billion. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. The company’s revenue was up 31.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.01 earnings per share. Equities analysts forecast that Louisiana-Pacific Co. will post 13.93 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. The ex-dividend date was Wednesday, May 11th. Louisiana-Pacific’s payout ratio is presently 5.31%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 7,635 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $75.02, for a total value of $572,777.70. Following the transaction, the director now directly owns 31,522 shares of the company’s stock, valued at $2,364,780.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of research reports. The Goldman Sachs Group cut their price objective on shares of Louisiana-Pacific from $90.00 to $65.00 and set a “neutral” rating on the stock in a research report on Thursday, June 23rd. Bank of America lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a research report on Thursday, June 23rd. StockNews.com initiated coverage on shares of Louisiana-Pacific in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. TD Securities cut their price objective on shares of Louisiana-Pacific from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Thursday, June 23rd. Finally, Truist Financial started coverage on shares of Louisiana-Pacific in a research report on Wednesday, June 29th. They set a “hold” rating and a $57.00 price target on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.20.

Louisiana-Pacific Profile

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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

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