Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 122,836 shares of the building manufacturing company's stock after selling 6,284 shares during the quarter. California Public Employees Retirement System owned 0.17% of Louisiana-Pacific worth $12,720,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Dorsey Wright & Associates bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at about $7,330,000. RWA Wealth Partners LLC grew its stake in shares of Louisiana-Pacific by 19.9% during the fourth quarter. RWA Wealth Partners LLC now owns 3,621 shares of the building manufacturing company's stock valued at $375,000 after buying an additional 600 shares during the last quarter. Strategy Asset Managers LLC bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at about $299,000. New Age Alpha Advisors LLC bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $1,696,000. Finally, Norges Bank purchased a new position in Louisiana-Pacific during the 4th quarter valued at about $78,181,000. 94.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LPX. 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. Truist Financial upped their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. BMO Capital Markets upped their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Loop Capital dropped their target price on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a report on Monday, February 24th. Finally, TD Securities dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $111.50.

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Louisiana-Pacific Trading Down 4.3 %

Louisiana-Pacific stock traded down $3.82 during midday trading on Thursday, reaching $85.86. The stock had a trading volume of 91,138 shares, compared to its average volume of 755,534. 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 firm has a market cap of $5.98 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The company has a fifty day moving average of $98.27 and a 200 day moving average of $105.56.

Louisiana-Pacific (NYSE:LPX - Get Free Report) 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. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.71 EPS. On average, analysts anticipate that Louisiana-Pacific Co. will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.30%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.05%.

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.