Louisiana-Pacific Corporation (NYSE:LPX) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 8.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 184,044 shares of the building manufacturing company's stock after purchasing an additional 15,104 shares during the quarter. New York State Common Retirement Fund owned approximately 0.26% of Louisiana-Pacific worth $16,928,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after purchasing an additional 242 shares in the last quarter. GeoWealth Management LLC lifted its position 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 valued at $97,000 after acquiring an additional 865 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of 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 acquiring an additional 305 shares in the last quarter. Covestor Ltd lifted its position in shares of 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 acquiring an additional 613 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its position in shares of Louisiana-Pacific by 67.2% in the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after acquiring an additional 484 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LPX. DA Davidson reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Royal Bank Of Canada upped their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 7th. Finally, Truist Financial reduced 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, July 11th. Two 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 MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $106.13.

Louisiana-Pacific Trading Down 1.3%

NYSE:LPX traded down $1.12 on Friday, hitting $87.44. 382,304 shares of the stock were exchanged, compared to its average volume of 688,170. The stock has a fifty day moving average of $90.57 and a 200-day moving average of $96.06. The stock has a market cap of $6.08 billion, a PE ratio of 15.34, a PEG ratio of 1.39 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. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week 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 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 the consensus estimate of $711.66 million. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The company's quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the business posted $1.53 EPS. As a group, equities analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were issued a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 1,179 shares of the firm'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 transaction, the director directly owned 18,838 shares in the company, valued at $1,686,377.76. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.42% of the stock is currently owned by company insiders.

Louisiana-Pacific 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.