Mid American Wealth Advisory Group Inc. Makes New Investment in Louisiana-Pacific Corporation $LPX

Mid American Wealth Advisory Group Inc. bought a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 400 shares of the building manufacturing company’s stock, valued at approximately $34,000.

Several other large investors also recently modified their holdings of LPX. Chung Wu Investment Group LLC acquired a new position in Louisiana-Pacific in the second quarter valued at about $26,000. RMG Wealth Management LLC bought a new position in Louisiana-Pacific in the 2nd quarter valued at about $44,000. Beacon Capital Management LLC raised its position in shares of Louisiana-Pacific by 570.6% in the 2nd quarter. Beacon Capital Management LLC now owns 684 shares of the building manufacturing company’s stock valued at $59,000 after buying an additional 582 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Louisiana-Pacific by 67.2% during the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company’s stock worth $111,000 after acquiring an additional 484 shares during the period. Finally, Leavell Investment Management Inc. boosted its position in shares of Louisiana-Pacific by 11.6% during the 1st quarter. Leavell Investment Management Inc. now owns 2,231 shares of the building manufacturing company’s stock worth $205,000 after acquiring an additional 231 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director owned 29,728 shares of the company’s stock, valued at approximately $3,002,528. This represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.42% of the stock is owned by insiders.

Louisiana-Pacific Price Performance

LPX stock opened at $90.77 on Tuesday. The company has a market capitalization of $6.32 billion, a P/E ratio of 21.41, a PEG ratio of 2.06 and a beta of 1.80. The company has a fifty day moving average price of $92.92 and a 200-day moving average price of $90.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87.

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

Louisiana-Pacific Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on LPX. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. DA Davidson reaffirmed a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a report on Thursday, September 25th. Weiss Ratings reissued a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Vertical Research initiated coverage on Louisiana-Pacific in a research report on Monday. They set a “buy” rating for the company. Finally, Truist Financial reduced their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Five research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $110.57.

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.