United Services Automobile Association Invests $377,000 in Louisiana-Pacific Corporation $LPX

Key Points

• United Services Automobile Association acquired a new stake in Louisiana-Pacific Corporation, purchasing 4,117 shares valued at approximately $377,000 during the first quarter.
• Institutional investors now own 94.73% of Louisiana-Pacific's stock, with other large investors also increasing their holdings significantly in recent months.
• Louisiana-Pacific recently reported quarterly earnings, with an EPS of $0.99, surpassing analysts' expectations, and announced a quarterly dividend of $0.28 per share.

United Services Automobile Association acquired a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,117 shares of the building manufacturing company's stock, valued at approximately $377,000.

Several other hedge funds have also recently bought and sold shares of the company. Caxton Associates LLP purchased a new position in Louisiana-Pacific in the 1st quarter valued at approximately $1,014,000. Goldman Sachs Group Inc. grew its holdings in Louisiana-Pacific by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company's stock valued at $25,274,000 after buying an additional 18,413 shares during the last quarter. Kestra Investment Management LLC grew its holdings in Louisiana-Pacific by 40.4% during the 1st quarter. Kestra Investment Management LLC now owns 5,492 shares of the building manufacturing company's stock valued at $505,000 after buying an additional 1,580 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Louisiana-Pacific during the 1st quarter valued at $273,000. Finally, UniSuper Management Pty Ltd acquired a new stake in Louisiana-Pacific during the 1st quarter valued at $826,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the transaction, the director owned 29,728 shares of the company's stock, valued at $3,002,528. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Down 1.2%

Shares of Louisiana-Pacific stock traded down $1.19 during trading on Tuesday, hitting $93.79. The company's stock had a trading volume of 189,177 shares, compared to its average volume of 742,414. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. The company has a fifty day simple moving average of $93.54 and a two-hundred day simple moving average of $91.14. The company has a market capitalization of $6.53 billion, a PE ratio of 22.12, a P/E/G ratio of 2.14 and a beta of 1.84. Louisiana-Pacific Corporation has a 52 week low of $78.82 and a 52 week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. During the same period last year, the business earned $2.09 EPS. Louisiana-Pacific's revenue was down 7.2% compared to the same quarter last year. Equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.12 annualized dividend and a yield of 1.2%. Louisiana-Pacific's payout ratio is currently 26.42%.

Analysts Set New Price Targets

Several research firms have recently issued reports on LPX. Wall Street Zen cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. DA Davidson decreased their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Finally, Truist Financial decreased their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $110.57.

About Louisiana-Pacific

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.