Louisiana-Pacific Corporation (NYSE:LPX) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 35.4% in the first quarter, according to its most recent Form 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 period. Teacher Retirement System of Texas' holdings in Louisiana-Pacific were worth $2,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Coldstream Capital Management Inc. boosted its position in shares of 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 worth $383,000 after buying an additional 95 shares during the period. Woodmont Investment Counsel LLC lifted its stake in Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock worth $337,000 after acquiring an additional 100 shares in the last quarter. Kingswood Wealth Advisors LLC boosted its holdings in Louisiana-Pacific by 3.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock valued at $425,000 after acquiring an additional 140 shares during the period. Capital Advisory Group Advisory Services LLC grew its position in Louisiana-Pacific by 7.3% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company's stock valued at $234,000 after acquiring an additional 173 shares in the last quarter. Finally, Natixis Advisors LLC increased 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 worth $3,081,000 after purchasing an additional 188 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on LPX. DA Davidson lowered their price objective 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. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research report on Wednesday, May 7th. Truist Financial cut their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada lifted their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and an average target price of $106.13.

Insider Activity

In other news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the sale, the director directly owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.42% of the company's stock.

Louisiana-Pacific Stock Down 3.7%

NYSE:LPX traded down $3.61 during trading hours on Friday, hitting $92.87. The company's stock had a trading volume of 528,933 shares, compared to its average volume of 695,034. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The stock has a market capitalization of $6.46 billion, a P/E ratio of 16.29, a price-to-earnings-growth ratio of 1.41 and a beta of 1.84. 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 stock has a fifty day moving average of $90.55 and a 200-day moving average of $96.58.

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

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a $0.28 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.21%. Louisiana-Pacific's dividend payout ratio is presently 19.65%.

About Louisiana-Pacific

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.