Louisiana-Pacific Corporation $LPX Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 18.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,118 shares of the building manufacturing company’s stock after selling 4,306 shares during the period. Teacher Retirement System of Texas’ holdings in Louisiana-Pacific were worth $1,644,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd boosted its stake in Louisiana-Pacific by 181.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 45,386 shares of the building manufacturing company’s stock worth $3,903,000 after buying an additional 29,277 shares during the period. Riverwater Partners LLC lifted its stake in Louisiana-Pacific by 17.6% during the 2nd quarter. Riverwater Partners LLC now owns 11,886 shares of the building manufacturing company’s stock worth $1,022,000 after acquiring an additional 1,782 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its stake in Louisiana-Pacific by 14.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 22,581 shares of the building manufacturing company’s stock worth $1,942,000 after acquiring an additional 2,780 shares in the last quarter. AlphaQuest LLC lifted its stake in Louisiana-Pacific by 636.9% during the 2nd quarter. AlphaQuest LLC now owns 10,213 shares of the building manufacturing company’s stock worth $878,000 after acquiring an additional 8,827 shares in the last quarter. Finally, Ethic Inc. lifted its stake in Louisiana-Pacific by 23.6% during the 2nd quarter. Ethic Inc. now owns 4,671 shares of the building manufacturing company’s stock worth $410,000 after acquiring an additional 893 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 0.7%

Shares of Louisiana-Pacific stock opened at $85.49 on Wednesday. The company has a fifty day simple moving average of $91.15 and a 200-day simple moving average of $90.93. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The stock has a market cap of $5.95 billion, a price-to-earnings ratio of 20.16 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The firm had revenue of $755.00 million during the quarter, compared to the consensus estimate of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. Louisiana-Pacific’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.09 EPS. On average, equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be given a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. Louisiana-Pacific’s dividend payout ratio is presently 26.42%.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares in the company, valued at approximately $3,002,528. This represents a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.42% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial dropped their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 11th. DA Davidson restated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a report on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Wall Street Zen cut shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Vertical Research assumed coverage on shares of Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating for the company. Five analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $110.57.

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.