Voya Investment Management LLC Sells 5,698 Shares of Louisiana-Pacific Corporation $LPX

Key Points

• Voya Investment Management LLC has reduced its stake in Louisiana-Pacific Corporation by 9.5%, selling 5,698 shares and owning 54,115 shares valued at approximately $4.98 million as of the latest SEC filing.
• Institutional ownership of Louisiana-Pacific stands at 94.73%, with several firms increasing their holdings significantly in the first quarter, including UMB Bank n.a., which boosted its shares by 76.1%.
• Louisiana-Pacific declared a quarterly dividend of $0.28, providing an annualized dividend yield of 1.2% and maintaining a dividend payout ratio of 26.42%.

Voya Investment Management LLC lowered its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 9.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 54,115 shares of the building manufacturing company's stock after selling 5,698 shares during the period. Voya Investment Management LLC owned approximately 0.08% of Louisiana-Pacific worth $4,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in LPX. UMB Bank n.a. boosted its holdings in Louisiana-Pacific by 76.1% in 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. Fifth Third Bancorp increased its holdings 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 last quarter. First Horizon Advisors Inc. increased its holdings 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 last quarter. Leavell Investment Management Inc. increased its holdings in Louisiana-Pacific by 11.6% in the 1st quarter. Leavell Investment Management Inc. now owns 2,231 shares of the building manufacturing company's stock valued at $205,000 after acquiring an additional 231 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth about $207,000. Institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity

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

Louisiana-Pacific Trading Up 0.6%

NYSE LPX opened at $90.91 on Friday. The company has a fifty day simple moving average of $93.49 and a two-hundred day simple moving average of $91.11. The stock has a market cap of $6.33 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.01 and a beta of 1.84. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

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

Louisiana-Pacific Dividend Announcement

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

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.

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