Retirement Systems of Alabama Has $5.69 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Retirement Systems of Alabama raised its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 80,376 shares of the building manufacturing company’s stock after acquiring an additional 245 shares during the quarter. Retirement Systems of Alabama owned about 0.11% of Louisiana-Pacific worth $5,693,000 at the end of the most recent quarter.

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

Louisiana-Pacific Stock Up 0.6 %

LPX opened at $74.30 on Monday. The firm’s 50-day simple moving average is $77.05 and its 200-day simple moving average is $68.86. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 30.33 and a beta of 1.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. Louisiana-Pacific Co. has a twelve month low of $49.47 and a twelve month high of $84.54.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The company had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. During the same period in the previous year, the firm posted $0.61 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis. Equities research analysts anticipate that Louisiana-Pacific Co. will post 4.89 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a $0.26 dividend. The ex-dividend date was Thursday, February 22nd. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.40%. Louisiana-Pacific’s payout ratio is currently 42.45%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LPX shares. Loop Capital started coverage on shares of Louisiana-Pacific in a research report on Friday. They set a “hold” rating and a $82.00 target price on the stock. TD Cowen reissued a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. TD Securities boosted their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Finally, DA Davidson reissued a “buy” rating and issued a $76.00 price target on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $74.75.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated 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 transaction, the director now directly owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

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.