VIRGINIA RETIREMENT SYSTEMS ET Al Purchases Shares of 9,700 Louisiana-Pacific Corporation $LPX

Key Points

• Virginia Retirement Systems purchased 9,700 shares of Louisiana-Pacific Corporation for approximately $834,000, indicating strong institutional interest in the company.
• Analysts have a mixed view on Louisiana-Pacific, with five holding a "buy" rating, but the stock has recently been downgraded from "strong sell" to "hold" by Zacks Research.
• The company declared a quarterly dividend of $0.28 per share, with an annualized yield of 1.2%, reflecting a dividend payout ratio of 26.42%.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,700 shares of the building manufacturing company's stock, valued at approximately $834,000.

Several other large investors have also recently bought and sold shares of the company. 59 North Capital Management LP boosted its holdings in Louisiana-Pacific by 32.1% in the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company's stock valued at $240,863,000 after purchasing an additional 635,817 shares during the period. Valeo Financial Advisors LLC boosted its holdings in Louisiana-Pacific by 33,243.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company's stock valued at $222,610,000 after purchasing an additional 2,581,023 shares during the period. Eminence Capital LP boosted its holdings in Louisiana-Pacific by 16.0% in the 1st quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company's stock valued at $154,153,000 after purchasing an additional 230,837 shares during the period. Palestra Capital Management LLC boosted its holdings in Louisiana-Pacific by 173.5% in the 1st quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company's stock valued at $83,851,000 after purchasing an additional 578,248 shares during the period. Finally, T. Rowe Price Investment Management Inc. boosted its holdings in Louisiana-Pacific by 6.0% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 684,998 shares of the building manufacturing company's stock valued at $63,007,000 after purchasing an additional 38,801 shares during the period. 94.73% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Vertical Research assumed coverage on shares of Louisiana-Pacific in a research report on Monday. They set a "buy" rating on the stock. Zacks Research upgraded shares of Louisiana-Pacific from a "strong sell" rating to a "hold" rating in a research report on Friday, October 10th. Truist Financial lowered their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Wall Street Zen cut shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $110.57.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the firm's stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the sale, the director owned 29,728 shares of the company's stock, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by company insiders.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $90.67 on Friday. The firm has a market cap of $6.31 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.07 and a beta of 1.80. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The company's fifty day simple moving average is $92.41 and its two-hundred day simple moving average is $90.60.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. The business had revenue of $755.00 million for the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company's revenue was down 7.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.09 EPS. As a group, equities analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific's dividend payout ratio (DPR) is 26.42%.

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.

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