Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 28.6% in the third quarter, according to the company in its most recent 13F 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 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific during the third quarter valued at approximately $43,000. Covestor Ltd grew its stake in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares during the period. First Horizon Advisors Inc. boosted its position in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 201 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at $53,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $112.83 on Friday. The firm has a market cap of $7.93 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.91. Louisiana-Pacific Co. has a 1 year low of $63.76 and a 1 year high of $122.87. The firm’s 50-day simple moving average is $109.77 and its 200-day simple moving average is $99.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92.

Louisiana-Pacific Announces Dividend

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

Analyst Ratings Changes

Several brokerages have recently weighed in on LPX. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Bank of America boosted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. DA Davidson lifted their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $102.22.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction 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 sale, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. 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.