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

California Public Employees Retirement System lessened its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 6.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 115,193 shares of the building manufacturing company’s stock after selling 8,220 shares during the quarter. California Public Employees Retirement System owned about 0.16% of Louisiana-Pacific worth $8,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPX. RWA Wealth Partners LLC bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth $255,000. Duality Advisers LP grew its holdings in Louisiana-Pacific by 84.5% during the fourth quarter. Duality Advisers LP now owns 25,638 shares of the building manufacturing company’s stock worth $1,816,000 after acquiring an additional 11,740 shares during the period. Signaturefd LLC raised its position in Louisiana-Pacific by 232.9% in the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after acquiring an additional 552 shares in the last quarter. KLCM Advisors Inc. lifted its holdings in Louisiana-Pacific by 4.2% in the 4th quarter. KLCM Advisors Inc. now owns 138,103 shares of the building manufacturing company’s stock valued at $9,782,000 after acquiring an additional 5,545 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Louisiana-Pacific by 22.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,871 shares of the building manufacturing company’s stock valued at $1,124,000 after purchasing an additional 2,953 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

LPX has been the subject of several recent research reports. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. TheStreet lowered Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. TD Cowen reaffirmed a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Loop Capital initiated coverage on Louisiana-Pacific in a research report on Friday. They issued a “hold” rating and a $82.00 price target for the company. Finally, TD Securities boosted their price objective on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a report on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $74.75.

Louisiana-Pacific Stock Up 0.6 %

NYSE:LPX opened at $74.31 on Friday. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $84.54. The firm has a market capitalization of $5.37 billion, a price-to-earnings ratio of 30.33 and a beta of 1.87. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $77.05 and its 200 day moving average price is $68.67.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The firm’s revenue was down 6.7% compared to the same quarter last year. On average, sell-side analysts forecast that Louisiana-Pacific Co. will post 4.89 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s payout ratio is currently 42.45%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.26% of the stock is currently owned by company 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.