New York State Teachers Retirement System Sells 4,300 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

New York State Teachers Retirement System lessened its holdings in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,779 shares of the building manufacturing company's stock after selling 4,300 shares during the quarter. New York State Teachers Retirement System owned approximately 0.10% of Louisiana-Pacific worth $6,694,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in shares of Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after acquiring an additional 242 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 865 shares during the last quarter. Fifth Third Bancorp increased its holdings in Louisiana-Pacific by 41.5% in the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock valued at $96,000 after purchasing an additional 305 shares during the period. Covestor Ltd increased its holdings in Louisiana-Pacific by 142.6% in the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after purchasing an additional 613 shares during the period. Finally, Steward Partners Investment Advisory LLC raised its position in Louisiana-Pacific by 136.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,521 shares of the building manufacturing company's stock worth $158,000 after purchasing an additional 879 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the company. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Wednesday, May 7th. Truist Financial reduced their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank Of Canada increased their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, DA Davidson lowered their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $106.63.

Louisiana-Pacific Stock Down 2.5%

NYSE LPX traded down $2.31 on Monday, hitting $89.46. 501,640 shares of the company were exchanged, compared to its average volume of 695,765. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.23 billion, a PE ratio of 15.69, a PEG ratio of 1.41 and a beta of 1.84. The stock has a fifty day moving average of $90.18 and a 200-day moving average of $96.72. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The company had revenue of $724.00 million for the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The business's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.53 EPS. As a group, analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were issued a $0.28 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.25%. Louisiana-Pacific's payout ratio is currently 19.65%.

Insider Buying and Selling

In other news, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the transaction, the director directly owned 18,838 shares of the company's stock, valued at $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.42% of the company's stock.

Louisiana-Pacific Company 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.