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

New York State Common Retirement Fund trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor 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 owned about 0.24% of Louisiana-Pacific worth $17,494,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Hanseatic Management Services Inc. boosted its holdings in shares of Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock valued at $1,802,000 after acquiring an additional 100 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Louisiana-Pacific by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after acquiring an additional 114 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock valued at $242,000 after acquiring an additional 124 shares during the period. Finally, Sanctuary Advisors LLC boosted its holdings in shares of Louisiana-Pacific by 7.1% in the fourth quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company’s stock valued at $193,000 after acquiring an additional 124 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on LPX. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday. Truist Financial increased their price objective 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 decreased 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. BMO Capital Markets increased their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, TD Securities cut their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $108.00.

Louisiana-Pacific Trading Down 2.1 %

Shares of LPX stock opened at $98.78 on Friday. Louisiana-Pacific Co. has a fifty-two week low of $67.47 and a fifty-two week high of $122.87. The stock has a market cap of $6.88 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.24 and a beta of 1.95. The business has a fifty day simple moving average of $110.24 and a 200-day simple moving average of $106.58. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.13%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 17.69%.

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.