Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 3.9% during the third quarter, Holdings Channel.com reports. The fund owned 17,300 shares of the building manufacturing company’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Louisiana-Pacific were worth $1,859,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LPX. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific during the 1st quarter valued at about $25,000. Whittier Trust Co. purchased a new position in Louisiana-Pacific in the 1st quarter valued at about $31,000. Bessemer Group Inc. lifted its stake in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares in the last quarter. GAMMA Investing LLC lifted its stake in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after buying an additional 177 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the 3rd quarter valued at about $43,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LPX has been the topic of a number of research reports. Bank of America raised their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd. Truist Financial raised their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Stock Up 0.7 %

Louisiana-Pacific stock opened at $98.66 on Thursday. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $109.73. 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 firm has a 50 day moving average price of $101.08 and a 200 day moving average price of $91.86. The company has a market capitalization of $7.07 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last posted its 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. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same quarter last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. Research analysts expect that Louisiana-Pacific Co. will post 5.04 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $0.26 dividend. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 annualized dividend and a dividend yield of 1.05%. Louisiana-Pacific’s dividend payout ratio (DPR) is 28.57%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction on Friday, August 9th. The stock was 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 owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock worth $3,368,774 over the last 90 days. Corporate insiders own 1.26% of the company’s stock.

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.