Teacher Retirement System of Texas Sells 630 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Teacher Retirement System of Texas cut its stake in Louisiana-Pacific Co. (NYSE:LPX) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,281 shares of the building manufacturing company’s stock after selling 630 shares during the period. Teacher Retirement System of Texas’ holdings in Louisiana-Pacific were worth $3,757,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. UMB Bank n.a. grew its stake in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Louisiana-Pacific in the fourth quarter worth approximately $35,000. Versant Capital Management Inc increased its holdings in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after purchasing an additional 214 shares during the period. First Horizon Advisors Inc. increased its holdings in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 201 shares during the period. Finally, Harbor Capital Advisors Inc. raised its position in Louisiana-Pacific by 65.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock valued at $61,000 after purchasing an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LPX shares. DA Davidson dropped their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. TD Securities dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Finally, Loop Capital cut their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $111.50.

Louisiana-Pacific Trading Up 2.7 %

NYSE:LPX opened at $95.21 on Tuesday. The firm has a 50 day moving average of $105.54 and a 200 day moving average of $106.58. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 52 week low of $71.39 and a 52 week high of $122.87. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter last year, the firm earned $0.71 EPS. The business’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal 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 dividend of $0.28 per share. 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 dividend on an annualized basis and a dividend yield of 1.18%. Louisiana-Pacific’s payout ratio is presently 19.05%.

About Louisiana-Pacific

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.