California Public Employees Retirement System Sells 32,216 Shares of Louisiana-Pacific Corporation $LPX

Key Points

• CalPERS reduced its Louisiana-Pacific stake by 25.6% in the first quarter, selling 32,216 shares and retaining 93,457 shares worth approximately $6.8 million. Institutional investors collectively own 94.73% of LPX.
• Louisiana-Pacific reported quarterly EPS of $0.38, beating the $0.14 consensus estimate, while revenue of $574 million declined 20.7% year over year. The company also declared a $0.30 quarterly dividend, representing a 1.6% yield.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $97.80 versus the stock’s recent price near $74.72, although ratings range from “Strong Sell” to “Buy.”

California Public Employees Retirement System trimmed its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 25.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,457 shares of the building manufacturing company's stock after selling 32,216 shares during the quarter. California Public Employees Retirement System owned approximately 0.13% of Louisiana-Pacific worth $6,799,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. WINTON GROUP Ltd increased its holdings in Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company's stock valued at $611,000 after purchasing an additional 183 shares during the last quarter. Tidal Investments LLC boosted its holdings in Louisiana-Pacific by 1.2% during the second quarter. Tidal Investments LLC now owns 21,339 shares of the building manufacturing company's stock worth $1,835,000 after buying an additional 247 shares during the last quarter. Wealthspire Advisors LLC grew its position in shares of Louisiana-Pacific by 4.1% during the 4th quarter. Wealthspire Advisors LLC now owns 6,465 shares of the building manufacturing company's stock worth $522,000 after buying an additional 256 shares during the period. Sei Investments Co. grew its position in shares of Louisiana-Pacific by 3.1% during the 2nd quarter. Sei Investments Co. now owns 8,584 shares of the building manufacturing company's stock worth $738,000 after buying an additional 257 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock valued at $32,000 after acquiring an additional 277 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Price Performance

NYSE LPX opened at $74.72 on Monday. The firm's 50 day moving average is $74.55 and its 200-day moving average is $78.60. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $5.22 billion, a PE ratio of 63.32, a price-to-earnings-growth ratio of 2.34 and a beta of 1.60. Louisiana-Pacific Corporation has a 12-month low of $66.12 and a 12-month high of $102.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The company had revenue of $574.00 million for the quarter, compared to analysts' expectations of $569.99 million. During the same quarter in the prior year, the business posted $1.27 EPS. The business's revenue was down 20.7% compared to the same quarter last year. Equities research analysts anticipate that Louisiana-Pacific Corporation will post 1.93 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Thursday, May 14th. Louisiana-Pacific's payout ratio is 101.69%.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of recent analyst reports. BMO Capital Markets upgraded shares of Louisiana-Pacific from a "market perform" rating to an "outperform" rating and set a $94.00 price objective for the company in a research report on Thursday, May 7th. Weiss Ratings raised Louisiana-Pacific from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, May 8th. Jefferies Financial Group initiated coverage on Louisiana-Pacific in a report on Tuesday, June 23rd. They set a "buy" rating and a $93.00 target price on the stock. Zacks Research cut Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 30th. Finally, Oppenheimer lowered their price target on Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating for the company in a report on Thursday, May 7th. Eleven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $97.80.

About Louisiana-Pacific

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

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