Louisiana-Pacific Corporation $LPX Shares Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 2,547.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 385,416 shares of the building manufacturing company’s stock after buying an additional 370,856 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Louisiana-Pacific were worth $31,126,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LPX. North Ridge Wealth Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $26,000. Versant Capital Management Inc lifted its holdings in shares of Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares during the period. Larson Financial Group LLC lifted its holdings in shares of Louisiana-Pacific by 291.2% in the 3rd quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock valued at $48,000 after buying an additional 399 shares during the period. International Assets Investment Management LLC acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at about $52,000. Finally, Danske Bank A S acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at about $80,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $69.93 on Monday. Louisiana-Pacific Corporation has a 12 month low of $66.68 and a 12 month high of $102.86. The stock has a 50 day moving average of $73.88 and a two-hundred day moving average of $81.18. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. The firm has a market cap of $4.89 billion, a P/E ratio of 59.26, a price-to-earnings-growth ratio of 1.76 and a beta of 1.60.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, topping the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. During the same period in the previous year, the business earned $1.27 EPS. Louisiana-Pacific’s quarterly revenue was down 20.7% on a year-over-year basis. On average, analysts expect that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, May 14th. Louisiana-Pacific’s payout ratio is 101.69%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. TD upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, May 7th. Royal Bank Of Canada restated an “outperform” rating and issued a $104.00 price target on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research note on Thursday, May 7th. Finally, Barclays cut their price target on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating for the company in a research note on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $97.25.

Insiders Place Their Bets

In other news, CEO William Bradley Southern sold 14,166 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total value of $1,264,882.14. Following the completion of the sale, the chief executive officer directly owned 461,719 shares in the company, valued at $41,226,889.51. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lizanne M. Bruce sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the sale, the director owned 17,160 shares of the company’s stock, valued at $1,348,604.40. This trade represents a 7.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.65% of the stock is owned by company insiders.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.