Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Strs Ohio

Strs Ohio cut its stake in Louisiana-Pacific Co. (NYSE:LPX) by 12.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,069 shares of the building manufacturing company’s stock after selling 2,630 shares during the period. Strs Ohio’s holdings in Louisiana-Pacific were worth $1,279,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Capula Management Ltd acquired a new stake in Louisiana-Pacific in the 3rd quarter worth approximately $485,000. Arlington Trust Co LLC acquired a new stake in Louisiana-Pacific during the 4th quarter valued at approximately $1,062,000. First Eagle Investment Management LLC lifted its stake in Louisiana-Pacific by 35.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 195,718 shares of the building manufacturing company’s stock valued at $10,817,000 after acquiring an additional 51,461 shares during the period. Caxton Associates LP lifted its stake in Louisiana-Pacific by 222.1% during the 3rd quarter. Caxton Associates LP now owns 14,656 shares of the building manufacturing company’s stock valued at $810,000 after acquiring an additional 10,106 shares during the period. Finally, Teza Capital Management LLC acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at approximately $288,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction 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 owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.53% of the stock is owned by insiders.

Analysts Set New Price Targets

LPX has been the subject of several research reports. TD Cowen restated a “hold” rating and set a $75.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, January 11th. TD Securities lifted their price objective on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, DA Davidson reaffirmed a “buy” rating and set a $76.00 target price on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.71.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $73.24 on Tuesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 29.89 and a beta of 1.84. The company has a 50 day moving average price of $76.15 and a 200-day moving average price of $67.41. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $84.54.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.54 by $0.17. The company had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm’s revenue was down 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.61 EPS. Equities research analysts forecast that Louisiana-Pacific Co. will post 4.12 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s payout ratio is presently 42.45%.

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.