Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board cut its stake in Louisiana-Pacific Co. (NYSE:LPX) by 12.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,787 shares of the building manufacturing company’s stock after selling 1,813 shares during the period. New Mexico Educational Retirement Board’s holdings in Louisiana-Pacific were worth $1,324,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of LPX. CWM LLC boosted its stake in Louisiana-Pacific by 4.3% in the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after purchasing an additional 97 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at approximately $43,000. Chicago Capital LLC acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at approximately $215,000. Columbus Macro LLC acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at approximately $211,000. Finally, Private Advisor Group LLC lifted its stake in Louisiana-Pacific by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock valued at $1,165,000 after acquiring an additional 493 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have commented on LPX shares. DA Davidson lifted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group lifted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $108.38.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $112.37 on Tuesday. The firm has a market cap of $7.89 billion, a PE ratio of 19.37, a PEG ratio of 1.42 and a beta of 1.95. The firm has a fifty day moving average of $111.20 and a 200 day moving average of $106.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. Louisiana-Pacific Co. has a one year low of $66.77 and a one year high of $122.87.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.26% of the company’s stock.

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.