Teachers Retirement System of The State of Kentucky Sells 9,168 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Teachers Retirement System of The State of Kentucky decreased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 28.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 23,412 shares of the building manufacturing company's stock after selling 9,168 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Louisiana-Pacific were worth $2,425,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock valued at $733,961,000 after purchasing an additional 132,891 shares during the period. FMR LLC boosted its position in Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after buying an additional 540,703 shares in the last quarter. Norges Bank acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at $78,181,000. Bank of New York Mellon Corp lifted its position in shares of Louisiana-Pacific by 3.3% during the fourth quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company's stock worth $63,554,000 after purchasing an additional 19,772 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Louisiana-Pacific by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company's stock valued at $51,984,000 after buying an additional 30,297 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded down $1.89 on Wednesday, hitting $84.57. The company had a trading volume of 106,145 shares, compared to its average volume of 636,120. The stock has a 50 day moving average price of $90.61 and a 200 day moving average price of $103.48. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.89 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a 1-year low of $72.06 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same period in the prior year, the company posted $0.71 earnings per share. Louisiana-Pacific's revenue was up 3.5% compared to the same quarter last year. Analysts expect that Louisiana-Pacific Co. will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.32%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.05%.

Wall Street Analyst Weigh In

LPX has been the subject of a number of recent research reports. TD Securities dropped their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Loop Capital lowered their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, February 24th. Truist Financial reduced their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. DA Davidson lowered their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $108.63.

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.