Teacher Retirement System of Texas Sells 12,857 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

Teacher Retirement System of Texas lessened its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 35.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,424 shares of the building manufacturing company's stock after selling 12,857 shares during the quarter. Teacher Retirement System of Texas' holdings in Louisiana-Pacific were worth $2,155,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. raised its stake in Louisiana-Pacific by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after purchasing an additional 95 shares in the last quarter. Woodmont Investment Counsel LLC raised its stake in Louisiana-Pacific by 3.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after purchasing an additional 100 shares in the last quarter. Kingswood Wealth Advisors LLC raised its stake in Louisiana-Pacific by 3.1% during the first quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock valued at $425,000 after purchasing an additional 140 shares in the last quarter. Capital Advisory Group Advisory Services LLC raised its stake in Louisiana-Pacific by 7.3% during the first quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company's stock valued at $234,000 after purchasing an additional 173 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in Louisiana-Pacific by 0.6% during the fourth quarter. Natixis Advisors LLC now owns 29,753 shares of the building manufacturing company's stock valued at $3,081,000 after purchasing an additional 188 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 2.0%

LPX stock traded down $1.90 during mid-day trading on Monday, reaching $91.01. 428,154 shares of the stock traded hands, compared to its average volume of 692,213. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87. The stock has a market capitalization of $6.33 billion, a PE ratio of 15.97, a PEG ratio of 1.48 and a beta of 1.84. The business has a 50-day moving average price of $90.65 and a two-hundred day moving average price of $96.38.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. The business 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 earnings per share. Equities research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific's payout ratio is presently 19.65%.

Wall Street Analyst Weigh In

LPX has been the topic of a number of recent research reports. Truist Financial decreased their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday. Royal Bank Of Canada upped their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research note on Wednesday, May 7th. Finally, DA Davidson decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $106.13.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the transaction, the director directly owned 18,838 shares in the company, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.