Mutual of America Capital Management LLC Has $3.01 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Mutual of America Capital Management LLC decreased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 4.5% in the second quarter, HoldingsChannel reports. 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’s holdings in Louisiana-Pacific were worth $3,007,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LPX. LifeSteps Financial Inc. purchased a new stake in shares of Louisiana-Pacific in the 1st quarter valued at approximately $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of Louisiana-Pacific in the first quarter valued at $25,000. Whittier Trust Co. purchased a new stake in shares of Louisiana-Pacific in the first quarter valued at $31,000. Bessemer Group Inc. raised its position in Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares during the period. Finally, GAMMA Investing LLC raised its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after buying an additional 177 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

LPX opened at $106.48 on Tuesday. The stock has a 50-day moving average of $95.48 and a 200-day moving average of $87.35. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. Louisiana-Pacific Co. has a 52-week low of $49.47 and a 52-week high of $106.81. The company has a market cap of $7.63 billion, a PE ratio of 29.25, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. During the same quarter last year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, equities research analysts forecast that Louisiana-Pacific Co. will post 5.05 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have commented on LPX shares. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. DA Davidson lifted their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, June 14th. The Goldman Sachs Group upped their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Finally, Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $92.67.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is owned by 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.