New York State Common Retirement Fund Has $22.08 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

New York State Common Retirement Fund raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 356.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 311,758 shares of the building manufacturing company’s stock after purchasing an additional 243,409 shares during the period. New York State Common Retirement Fund owned approximately 0.43% of Louisiana-Pacific worth $22,082,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the company. RWA Wealth Partners LLC bought a new stake in Louisiana-Pacific in the fourth quarter valued at approximately $255,000. Duality Advisers LP increased its stake in Louisiana-Pacific by 84.5% in the fourth quarter. Duality Advisers LP now owns 25,638 shares of the building manufacturing company’s stock valued at $1,816,000 after purchasing an additional 11,740 shares in the last quarter. Signaturefd LLC increased its stake in Louisiana-Pacific by 232.9% in the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after purchasing an additional 552 shares in the last quarter. KLCM Advisors Inc. increased its stake in Louisiana-Pacific by 4.2% in the fourth quarter. KLCM Advisors Inc. now owns 138,103 shares of the building manufacturing company’s stock valued at $9,782,000 after purchasing an additional 5,545 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Louisiana-Pacific by 22.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,871 shares of the building manufacturing company’s stock valued at $1,124,000 after purchasing an additional 2,953 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

LPX has been the subject of several research reports. DA Davidson reissued a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. TD Securities lifted their target price on Louisiana-Pacific from $75.00 to $77.00 and gave the stock a “hold” rating in a research note on Thursday, February 15th. Truist Financial increased their price target on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Finally, TD Cowen reaffirmed a “hold” rating and set a $75.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Stock Down 0.3 %

LPX opened at $74.57 on Friday. The stock has a fifty day moving average of $76.62 and a 200-day moving average of $68.06. The company has a market capitalization of $5.39 billion, a P/E ratio of 30.44 and a beta of 1.84. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $84.54. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The firm had revenue of $658.00 million during the quarter, compared to the consensus estimate of $618.60 million. During the same quarter in the previous year, the firm posted $0.61 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities analysts expect that Louisiana-Pacific Co. will post 4.89 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is 42.45%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.26% of the company’s stock.

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.