Teachers Advisors LLC lessened its holdings in Louisiana-Pacific (NYSE:LPX) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,638,276 shares of the construction company’s stock after selling 670,610 shares during the quarter. Teachers Advisors LLC owned 2.51% of Louisiana-Pacific worth $95,541,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of LPX. Public Employees Retirement System of Ohio raised its position in Louisiana-Pacific by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after purchasing an additional 56 shares during the period. Nationwide Fund Advisors raised its position in Louisiana-Pacific by 9.5% in the 3rd quarter. Nationwide Fund Advisors now owns 429,228 shares of the construction company’s stock worth $11,623,000 after purchasing an additional 37,160 shares during the period. First Trust Advisors LP raised its position in Louisiana-Pacific by 25.5% in the 3rd quarter. First Trust Advisors LP now owns 126,157 shares of the construction company’s stock worth $3,416,000 after purchasing an additional 25,623 shares during the period. Raymond James Financial Services Advisors Inc. purchased a new position in Louisiana-Pacific in the 3rd quarter worth $673,000. Finally, Crossmark Global Holdings Inc. purchased a new position in Louisiana-Pacific in the 3rd quarter worth $292,000. Institutional investors own 94.61% of the company’s stock.
In related news, EVP Neil Sherman sold 18,885 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.04, for a total transaction of $567,305.40. Following the transaction, the executive vice president now owns 62,770 shares in the company, valued at $1,885,610.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Cook sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $28.58, for a total transaction of $142,900.00. Following the transaction, the director now owns 50,026 shares in the company, valued at approximately $1,429,743.08. The disclosure for this sale can be found here. 1.48% of the stock is owned by insiders.
LPX stock opened at $29.54 on Friday. Louisiana-Pacific has a 12-month low of $22.07 and a 12-month high of $31.07. The stock has a market capitalization of $4,326.75, a price-to-earnings ratio of 12.68, a PEG ratio of 2.20 and a beta of 1.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.07 and a current ratio of 5.03.
Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.15. Louisiana-Pacific had a net margin of 14.26% and a return on equity of 24.05%. The firm had revenue of $710.60 million for the quarter, compared to analysts’ expectations of $654.26 million. During the same quarter in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. equities analysts predict that Louisiana-Pacific will post 2.71 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Friday, February 23rd. Louisiana-Pacific’s dividend payout ratio is currently 22.32%.
A number of equities analysts recently commented on LPX shares. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 target price on the stock in a research report on Tuesday, January 9th. Stephens set a $31.00 target price on shares of Louisiana-Pacific and gave the stock a “hold” rating in a research report on Wednesday, January 10th. Bank of America upgraded shares of Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 24th. BMO Capital Markets set a $25.00 price objective on shares of Louisiana-Pacific and gave the company a “sell” rating in a research report on Tuesday, February 13th. Finally, DA Davidson boosted their price objective on shares of Louisiana-Pacific to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $31.75.
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Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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