Louisiana-Pacific Corporation (NYSE:LPX) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 2.5% in the 1st quarter, HoldingsChannel reports. The firm owned 163,243 shares of the building manufacturing company’s stock after selling 4,196 shares during the period. Victory Capital Management Inc.’s holdings in Louisiana-Pacific were worth $15,015,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of LPX. UMB Bank n.a. lifted its stake in Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock worth $52,000 after purchasing an additional 242 shares during the last quarter. GeoWealth Management LLC lifted its position in Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock valued at $97,000 after acquiring an additional 865 shares during the last quarter. Fifth Third Bancorp lifted its position in Louisiana-Pacific by 41.5% in the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock valued at $96,000 after acquiring an additional 305 shares during the last quarter. Covestor Ltd lifted its position in Louisiana-Pacific by 142.6% in the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company’s stock valued at $108,000 after acquiring an additional 613 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings 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 purchasing an additional 484 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 1,179 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the sale, the director directly owned 18,838 shares of the company’s stock, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.42% of the stock is owned by insiders.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $89.19 on Thursday. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $6.21 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 1.52 and a beta of 1.84. The firm’s fifty day simple moving average is $90.16 and its 200 day simple moving average is $95.61. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.14. The company had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.53 EPS. As a group, equities research analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific’s payout ratio is 19.65%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Loop Capital raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 target price for the company in a report on Wednesday, May 7th. Truist Financial reduced their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 11th. Wall Street Zen downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Friday, July 18th. Royal Bank Of Canada boosted their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Finally, DA Davidson reduced their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating for the company in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $106.13.

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.