Retirement Systems of Alabama Has $8.17 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Retirement Systems of Alabama lowered its position in Louisiana-Pacific Co. (NYSE:LPX) by 3.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,978 shares of the building manufacturing company’s stock after selling 2,753 shares during the quarter. Retirement Systems of Alabama owned 0.11% of Louisiana-Pacific worth $8,165,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in LPX. Franklin Resources Inc. increased its position in Louisiana-Pacific by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock valued at $51,984,000 after acquiring an additional 30,297 shares during the period. Tidal Investments LLC grew its stake in shares of Louisiana-Pacific by 35.0% in the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock worth $3,076,000 after purchasing an additional 7,419 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Louisiana-Pacific in the third quarter worth $323,000. Arvest Bank Trust Division acquired a new stake in Louisiana-Pacific in the third quarter valued at $1,000,000. Finally, Sanctuary Advisors LLC bought a new position in Louisiana-Pacific during the 3rd quarter worth $201,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Down 2.7 %

Shares of NYSE LPX opened at $110.65 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.77 billion, a PE ratio of 19.08, a P/E/G ratio of 2.82 and a beta of 1.91. The company’s fifty day simple moving average is $109.88 and its 200 day simple moving average is $99.39. Louisiana-Pacific Co. has a 12-month low of $63.76 and a 12-month high of $122.87.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.94%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

Analysts Set New Price Targets

LPX has been the topic of a number of analyst reports. Bank of America upped their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $102.22.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the sale, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

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.