Teachers Retirement System of The State of Kentucky Sells 13,076 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Teachers Retirement System of The State of Kentucky lowered its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 28.6% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 32,580 shares of the building manufacturing company's stock after selling 13,076 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Louisiana-Pacific were worth $3,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC bought a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at $43,000. Covestor Ltd lifted its position in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after acquiring an additional 163 shares during the period. First Horizon Advisors Inc. boosted its stake in Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock worth $50,000 after acquiring an additional 201 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in Louisiana-Pacific in the second quarter worth $53,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

NYSE LPX traded down $2.60 during trading hours on Friday, reaching $112.83. 388,574 shares of the company were exchanged, compared to its average volume of 814,383. The stock has a market capitalization of $7.93 billion, a P/E ratio of 19.45, a P/E/G ratio of 2.82 and a beta of 1.91. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 1 year low of $63.76 and a 1 year high of $122.87. The business's 50 day simple moving average is $109.77 and its 200-day simple moving average is $99.16.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. Louisiana-Pacific's dividend payout ratio is currently 17.93%.

Analyst Ratings Changes

A number of research firms have recently issued reports on LPX. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. StockNews.com downgraded Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. TD Securities raised their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Truist Financial upped their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Finally, Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $102.22.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now directly owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. The trade was a 10.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now owns 28,638 shares in the company, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.