Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in Louisiana-Pacific Co. (NYSE:LPX) by 4.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 168,940 shares of the building manufacturing company’s stock after selling 8,213 shares during the quarter. New York State Common Retirement Fund’s holdings in Louisiana-Pacific were worth $17,494,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LPX. UMB Bank n.a. raised its stake in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Louisiana-Pacific in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its holdings in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific in the 3rd quarter valued at about $38,000. Finally, Covestor Ltd grew its holdings in Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after buying an additional 163 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the subject of several recent analyst reports. Truist Financial lifted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson lowered their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday. The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and an average target price of $108.00.

Louisiana-Pacific Stock Down 2.1 %

Shares of NYSE:LPX opened at $98.78 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific Co. has a 1 year low of $67.47 and a 1 year high of $122.87. The stock has a market capitalization of $6.88 billion, a P/E ratio of 16.80, a PEG ratio of 1.24 and a beta of 1.95. The stock has a 50-day simple moving average of $110.24 and a 200-day simple moving average of $106.58.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.71 EPS. Equities analysts forecast that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.13%. Louisiana-Pacific’s payout ratio is 17.69%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.26% of the stock is currently owned by corporate insiders.

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.