California State Teachers Retirement System Purchases 14,108 Shares of Louisiana-Pacific Corporation $LPX

Key Points

• California State Teachers Retirement System increased its Louisiana-Pacific stake by 24.1%, purchasing 14,108 shares and bringing its holdings to 72,769 shares worth approximately $5.3 million. Institutional investors collectively own 94.73% of LPX.
• Louisiana-Pacific’s latest quarter was weak: EPS of $0.40 missed estimates, while revenue fell 12.1% year over year to $665 million. Management’s revenue outlook was also substantially below analyst expectations, increasing uncertainty around the company’s near-term performance.
• Analyst sentiment remains mixed but leans positive, with an overall “Moderate Buy” rating and a $94 consensus price target versus the stock’s $75.88 price. The company also declared a $0.30 quarterly dividend, equivalent to a 1.6% yield.

California State Teachers Retirement System boosted its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 24.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,769 shares of the building manufacturing company's stock after acquiring an additional 14,108 shares during the period. California State Teachers Retirement System owned 0.10% of Louisiana-Pacific worth $5,294,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPX. North Ridge Wealth Advisors Inc. bought a new position in shares of Louisiana-Pacific in the 2nd quarter worth $26,000. Los Angeles Capital Management LLC acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth about $29,000. Parallel Advisors LLC grew its position in shares of Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company's stock worth $28,000 after buying an additional 255 shares during the period. 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. Finally, Whittier Trust Co. increased its stake in shares of Louisiana-Pacific by 138.1% in the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 290 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on LPX shares. TD lifted their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. TD Securities upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating in a report on Thursday, May 7th. Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a report on Tuesday, June 30th. 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. Finally, Weiss Ratings upgraded Louisiana-Pacific from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, May 8th. Eleven research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $94.00.

Louisiana-Pacific Trading Down 1.9%

Shares of NYSE:LPX opened at $75.88 on Friday. The company's 50-day moving average price is $75.13 and its two-hundred day moving average price is $77.69. Louisiana-Pacific Corporation has a one year low of $66.12 and a one year high of $102.86. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.48. The stock has a market capitalization of $5.30 billion, a PE ratio of 96.06, a price-to-earnings-growth ratio of 2.52 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.14). The company had revenue of $665.00 million during the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. Louisiana-Pacific's revenue was down 12.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. On average, equities analysts forecast that Louisiana-Pacific Corporation will post 1.86 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 1.6%. Louisiana-Pacific's dividend payout ratio is 101.69%.

Louisiana-Pacific News Roundup

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: DA Davidson maintained a Buy rating while lowering its price target from $103 to $99, implying approximately 30.5% upside from $75.88. Benzinga analyst note
• Positive Sentiment: Truist Financial also retained a Buy rating, reducing its target from $91 to $89, representing roughly 17.3% potential upside. Benzinga analyst note
• Positive Sentiment: Barclays kept an Overweight rating and trimmed its target from $93 to $92, still indicating approximately 21.2% upside. Benzinga analyst note
• Neutral Sentiment: Analyst target reductions suggest estimates are being reset lower, although the continued positive ratings indicate that analysts believe LPX’s valuation and longer-term prospects may support a recovery.
• Negative Sentiment: Louisiana-Pacific reported second-quarter EPS of $0.40, below consensus estimates of $0.53-$0.58 and down from $0.99 a year earlier. Revenue of $665 million was close to estimates of $667.3 million but declined 12.1% year over year. Q2 earnings report
• Negative Sentiment: Management’s updated outlook is particularly weak: third-quarter revenue guidance of $460 million-$470 million is far below the $684.3 million consensus, while full-year revenue guidance of about $1.7 billion trails the $2.6 billion estimate. The lack of stated EPS guidance adds uncertainty. Q2 earnings call transcript
• Negative Sentiment: Goldman Sachs raised its target from $66 to $74 but maintained a Sell rating, putting its target slightly below the referenced share price. Benzinga analyst note

Louisiana-Pacific Company Profile

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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