American Century Companies Inc. Trims Position in Louisiana-Pacific Co. (NYSE:LPX)

American Century Companies Inc. trimmed its position in Louisiana-Pacific Co. (NYSE:LPX) by 25.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 834,716 shares of the building manufacturing company’s stock after selling 291,496 shares during the period. American Century Companies Inc.’s holdings in Louisiana-Pacific were worth $68,722,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LPX. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after buying an additional 167 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. CWM LLC increased its stake in Louisiana-Pacific by 9.0% during the second quarter. CWM LLC now owns 2,279 shares of the building manufacturing company’s stock worth $188,000 after acquiring an additional 188 shares during the last quarter. Retirement Systems of Alabama increased its stake in Louisiana-Pacific by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after acquiring an additional 220 shares during the last quarter. Finally, Investment House LLC boosted its position in shares of Louisiana-Pacific by 5.5% during the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock worth $393,000 after buying an additional 250 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Up 3.3 %

Shares of LPX opened at $97.92 on Monday. The stock has a fifty day moving average of $93.10 and a two-hundred day moving average of $86.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The company has a market capitalization of $6.88 billion, a PE ratio of 26.90, a price-to-earnings-growth ratio of 0.60 and a beta of 1.88. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $101.89.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. Louisiana-Pacific’s revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. As a group, analysts forecast that Louisiana-Pacific Co. will post 5.05 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.06%. Louisiana-Pacific’s payout ratio is 28.57%.

Insider Transactions at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Friday. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a report on Thursday, August 8th. Truist Financial reiterated a “buy” rating and set a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $92.67.

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.