South Dakota Investment Council Purchases 18,203 Shares of Louisiana-Pacific Co. (NYSE:LPX)

South Dakota Investment Council raised its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 58.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 49,128 shares of the building manufacturing company's stock after buying an additional 18,203 shares during the period. South Dakota Investment Council owned about 0.07% of Louisiana-Pacific worth $3,480,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in LPX. Ceredex Value Advisors LLC lifted its position in shares of Louisiana-Pacific by 434.3% during the third quarter. Ceredex Value Advisors LLC now owns 695,900 shares of the building manufacturing company's stock valued at $38,462,000 after purchasing an additional 565,650 shares in the last quarter. Invesco Ltd. lifted its position in shares of Louisiana-Pacific by 57.8% during the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company's stock valued at $44,026,000 after purchasing an additional 291,833 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of Louisiana-Pacific by 356.1% during the fourth quarter. New York State Common Retirement Fund now owns 311,758 shares of the building manufacturing company's stock valued at $22,082,000 after purchasing an additional 243,409 shares in the last quarter. Tudor Investment Corp Et Al purchased a new stake in Louisiana-Pacific during the third quarter worth about $10,148,000. Finally, Assenagon Asset Management S.A. increased its holdings in Louisiana-Pacific by 493.2% during the third quarter. Assenagon Asset Management S.A. now owns 171,838 shares of the building manufacturing company's stock worth $9,497,000 after buying an additional 142,868 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LPX has been the subject of a number of research analyst reports. Truist Financial raised their price objective on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Thursday, January 4th. TD Securities raised their price objective on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a "hold" rating in a report on Thursday, February 15th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Thursday, February 15th. TheStreet downgraded shares of Louisiana-Pacific from a "b-" rating to a "c+" rating in a report on Thursday, February 29th. Finally, TD Cowen reiterated a "hold" rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $73.71.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded down $0.46 during mid-day trading on Thursday, hitting $74.73. 1,259,314 shares of the company traded hands, compared to its average volume of 882,979. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $84.54. The stock has a market cap of $5.40 billion, a price-to-earnings ratio of 30.54 and a beta of 1.84. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. The stock has a fifty day moving average price of $76.40 and a 200-day moving average price of $67.76.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. During the same period in the previous year, the business posted $0.61 earnings per share. Louisiana-Pacific's revenue for the quarter was down 6.7% on a year-over-year basis. On average, equities analysts predict that Louisiana-Pacific Co. will post 4.47 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. Louisiana-Pacific's payout ratio is presently 42.45%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.26% of the company's stock.

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.