Louisiana-Pacific Corporation $LPX Shares Sold by Voya Investment Management LLC

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 cut its stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,115 shares of the building manufacturing company's stock after selling 5,698 shares during the period. Voya Investment Management LLC owned about 0.08% of Louisiana-Pacific worth $4,977,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LPX. CWM LLC increased its stake in shares of Louisiana-Pacific by 4.1% during the first quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock worth $268,000 after buying an additional 115 shares during the period. Xponance Inc. increased its position in shares of Louisiana-Pacific by 1.1% in the 1st quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company's stock valued at $1,046,000 after purchasing an additional 127 shares during the last quarter. Kingswood Wealth Advisors LLC raised its holdings in shares of Louisiana-Pacific by 3.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock valued at $425,000 after purchasing an additional 140 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Louisiana-Pacific by 2.2% during the 1st quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company's stock worth $732,000 after purchasing an additional 170 shares during the last quarter. Finally, Capital Advisory Group Advisory Services LLC grew its stake in shares of Louisiana-Pacific by 7.3% during the first quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company's stock worth $234,000 after purchasing an additional 173 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Transactions at Louisiana-Pacific

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

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $1.34 during trading hours on Monday, hitting $86.97. The stock had a trading volume of 740,505 shares, compared to its average volume of 739,345. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The firm has a market capitalization of $6.06 billion, a PE ratio of 20.51, a PEG ratio of 1.97 and a beta of 1.84. The stock's 50 day moving average is $93.32 and its 200 day moving average is $90.96. Louisiana-Pacific Corporation has a twelve month low of $78.82 and a twelve month high of $122.87.

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

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors 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 dividend on an annualized basis and a dividend yield of 1.3%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 26.42%.

Analyst Ratings Changes

A number of brokerages have issued reports on LPX. Truist Financial decreased their price target 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 cut Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Finally, DA Davidson dropped their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $110.57.

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.