Victory Capital Management Inc. Sells 4,196 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

Victory Capital Management Inc. trimmed its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 163,243 shares of the building manufacturing company's stock after selling 4,196 shares during the quarter. Victory Capital Management Inc. owned 0.23% of Louisiana-Pacific worth $15,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Louisiana-Pacific by 76.1% during the 1st 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 period. Fifth Third Bancorp raised its stake in Louisiana-Pacific by 41.5% in the 1st 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 period. GeoWealth Management LLC raised its stake in Louisiana-Pacific by 1,184.9% in the 4th 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 period. Covestor Ltd raised its stake in Louisiana-Pacific by 142.6% in the 4th 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 period. Finally, First Horizon Advisors Inc. raised its stake in 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 acquiring an additional 484 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

LPX traded up $1.38 during midday trading on Friday, hitting $89.86. The stock had a trading volume of 453,134 shares, compared to its average volume of 647,764. The company has a market cap of $6.25 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.84. The business has a fifty day moving average of $89.95 and a 200 day moving average of $95.25. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. Louisiana-Pacific Corporation has a 1 year low of $78.82 and a 1 year high of $122.87.

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

Louisiana-Pacific Announces Dividend

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 $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is currently 19.65%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the sale, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Royal Bank Of Canada lifted 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. Wall Street Zen raised Louisiana-Pacific from a "sell" rating to a "hold" rating in a report on Saturday. DA Davidson reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $106.13.

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.