Thrivent Financial for Lutherans Trims Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Thrivent Financial for Lutherans trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 2.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,097 shares of the building manufacturing company’s stock after selling 455 shares during the period. Thrivent Financial for Lutherans’ holdings in Louisiana-Pacific were worth $1,131,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Commonwealth Equity Services LLC grew its stake in Louisiana-Pacific by 0.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 26,491 shares of the building manufacturing company’s stock valued at $1,568,000 after buying an additional 150 shares in the last quarter. Invst LLC grew its stake in Louisiana-Pacific by 2.0% in the 4th quarter. Invst LLC now owns 8,538 shares of the building manufacturing company’s stock valued at $581,000 after buying an additional 170 shares in the last quarter. Captrust Financial Advisors grew its stake in Louisiana-Pacific by 2.5% in the 1st quarter. Captrust Financial Advisors now owns 9,020 shares of the building manufacturing company’s stock valued at $560,000 after buying an additional 220 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Louisiana-Pacific by 8.6% in the 1st quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company’s stock valued at $218,000 after buying an additional 278 shares in the last quarter. Finally, Zions Bancorporation N.A. purchased a new position in Louisiana-Pacific in the 1st quarter valued at approximately $25,000. 99.23% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $61.31 on Tuesday. Louisiana-Pacific Co. has a 52-week low of $48.20 and a 52-week high of $74.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.30 and a current ratio of 3.11. The company has a market capitalization of $4.42 billion, a P/E ratio of 7.70 and a beta of 1.64. The company has a fifty day moving average of $58.35 and a 200-day moving average of $60.87.

Louisiana-Pacific (NYSE:LPX – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The building manufacturing company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.27. Louisiana-Pacific had a net margin of 19.05% and a return on equity of 37.43%. The company had revenue of $584.00 million during the quarter, compared to the consensus estimate of $618.23 million. During the same period in the previous year, the firm posted $5.08 EPS. The firm’s revenue was down 56.3% compared to the same quarter last year. As a group, equities research analysts predict that Louisiana-Pacific Co. will post 2.53 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Thursday, May 11th. Louisiana-Pacific’s dividend payout ratio is currently 12.06%.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of recent research reports. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and lifted their price objective for the company from $63.00 to $75.00 in a research note on Thursday, May 4th. DA Davidson raised their price target on shares of Louisiana-Pacific from $60.00 to $65.00 in a report on Thursday, May 4th. StockNews.com downgraded shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Finally, Truist Financial cut their price target on shares of Louisiana-Pacific from $49.00 to $47.00 and set a “hold” rating for the company in a report on Monday, February 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $61.60.

Louisiana-Pacific Profile

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Louisiana-Pacific Corp. engages in the provision of building solutions. It operates through the following segments: Siding, Oriented Strand Board (OSB), South America, and Other. The Siding segment offers engineered wood siding under the brands of LP, SmartSide, Trim and Siding LP, SmartSide, ExpertFinish, Trim and Siding, LP BuilderSeries, Lap Siding, and Outdoor Building Solutions.