Teachers Retirement System of The State of Kentucky Sells 11,202 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Teachers Retirement System of The State of Kentucky trimmed its holdings in shares of Louisiana-Pacific Co. (NYSE:LPXGet Rating) by 27.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,207 shares of the building manufacturing company’s stock after selling 11,202 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Louisiana-Pacific were worth $1,877,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Mutual of America Capital Management LLC increased its position in Louisiana-Pacific by 1.8% during the first quarter. Mutual of America Capital Management LLC now owns 80,235 shares of the building manufacturing company’s stock worth $4,984,000 after acquiring an additional 1,451 shares during the period. Valeo Financial Advisors LLC increased its holdings in Louisiana-Pacific by 7.2% in the 1st quarter. Valeo Financial Advisors LLC now owns 8,255 shares of the building manufacturing company’s stock valued at $513,000 after buying an additional 555 shares during the period. CAPROCK Group Inc. increased its holdings in Louisiana-Pacific by 5.2% in the 1st quarter. CAPROCK Group Inc. now owns 4,073 shares of the building manufacturing company’s stock valued at $253,000 after buying an additional 200 shares during the period. Balasa Dinverno & Foltz LLC increased its holdings in Louisiana-Pacific by 66.3% in the 1st quarter. Balasa Dinverno & Foltz LLC now owns 27,600 shares of the building manufacturing company’s stock valued at $1,715,000 after buying an additional 11,005 shares during the period. Finally, Campbell & CO Investment Adviser LLC increased its holdings in Louisiana-Pacific by 66.4% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 5,802 shares of the building manufacturing company’s stock valued at $360,000 after buying an additional 2,315 shares during the period. 91.07% of the stock is owned by institutional investors.

Louisiana-Pacific Trading Down 4.0 %

LPX opened at $52.44 on Wednesday. The company’s 50 day moving average is $57.90 and its 200-day moving average is $61.83. Louisiana-Pacific Co. has a 1-year low of $49.98 and a 1-year high of $79.77. The company has a current ratio of 2.60, a quick ratio of 1.94 and a debt-to-equity ratio of 0.23. The company has a market cap of $3.87 billion, a P/E ratio of 3.20 and a beta of 1.68.

Louisiana-Pacific (NYSE:LPXGet Rating) last posted its earnings results on Tuesday, August 9th. The building manufacturing company reported $4.19 EPS for the quarter, missing the consensus estimate of $4.38 by ($0.19). Louisiana-Pacific had a return on equity of 94.18% and a net margin of 30.50%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business earned $4.74 earnings per share. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. Equities research analysts predict that Louisiana-Pacific Co. will post 12.99 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $0.88 annualized dividend and a yield of 1.68%. Louisiana-Pacific’s dividend payout ratio is presently 5.37%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. DA Davidson raised their target price on shares of Louisiana-Pacific to $70.00 in a report on Monday, August 15th. Truist Financial assumed coverage on shares of Louisiana-Pacific in a report on Wednesday, June 29th. They issued a “hold” rating and a $57.00 target price on the stock. The Goldman Sachs Group decreased their target price on shares of Louisiana-Pacific from $90.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, June 23rd. Bank of America lowered shares of Louisiana-Pacific from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $64.00 to $56.00 in a report on Tuesday. Finally, TD Securities reduced their price target on shares of Louisiana-Pacific from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $67.50.

Louisiana-Pacific Profile

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Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

Further Reading

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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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