New York State Common Retirement Fund Sells 63,148 Shares of Louisiana-Pacific Co. (NYSE:LPX)

New York State Common Retirement Fund reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 26.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 177,153 shares of the building manufacturing company's stock after selling 63,148 shares during the quarter. New York State Common Retirement Fund owned 0.25% of Louisiana-Pacific worth $19,037,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in shares of Louisiana-Pacific by 4.3% in the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company's stock worth $255,000 after buying an additional 97 shares during the period. Gateway Investment Advisers LLC raised its stake in Louisiana-Pacific by 4.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company's stock worth $280,000 after acquiring an additional 99 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Louisiana-Pacific by 1.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company's stock valued at $1,237,000 after purchasing an additional 167 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock worth $40,000 after purchasing an additional 177 shares during the period. Finally, Investment House LLC boosted its position in shares of Louisiana-Pacific by 5.5% in the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company's stock worth $393,000 after purchasing an additional 250 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the business's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares of the company's stock, valued at $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,900 shares of company stock worth $3,368,774. Company insiders own 1.26% of the company's stock.

Wall Street Analyst Weigh In

LPX has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Truist Financial boosted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. StockNews.com upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating in a research report on Saturday. Bank of America boosted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Finally, BMO Capital Markets downgraded Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific has an average rating of "Hold" and a consensus price target of $93.56.

Louisiana-Pacific Price Performance

LPX traded up $7.41 during trading hours on Tuesday, hitting $108.55. The company's stock had a trading volume of 1,525,587 shares, compared to its average volume of 847,298. The stock has a market cap of $7.63 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 4.60 and a beta of 1.88. The business's 50-day moving average price is $101.43 and its 200-day moving average price is $92.61. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12 month low of $57.13 and a 12 month high of $112.06.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business's quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. Sell-side analysts expect that Louisiana-Pacific Co. will post 5.12 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific's dividend payout ratio is currently 16.91%.

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.