Teacher Retirement System of Texas Decreases Holdings in Louisiana-Pacific Corporation $LPX

Teacher Retirement System of Texas reduced its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 42.2% in the 3rd quarter, Holdings Channel reports. The firm owned 11,050 shares of the building manufacturing company’s stock after selling 8,068 shares during the quarter. Teacher Retirement System of Texas’ holdings in Louisiana-Pacific were worth $982,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its stake in Louisiana-Pacific by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after purchasing an additional 29,803 shares in the last quarter. Ceredex Value Advisors LLC boosted its stake in shares of Louisiana-Pacific by 57.2% during the 2nd quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock valued at $10,671,000 after buying an additional 45,175 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of Louisiana-Pacific during the second quarter worth approximately $424,000. Elo Mutual Pension Insurance Co acquired a new stake in shares of Louisiana-Pacific during the second quarter worth approximately $977,000. Finally, Highland Capital Management LLC bought a new stake in shares of Louisiana-Pacific in the second quarter worth $1,360,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Activity

In other news, Director Stephen E. Macadam acquired 3,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were acquired at an average price of $78.06 per share, with a total value of $249,792.00. Following the acquisition, the director directly owned 41,149 shares in the company, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total transaction of $5,073,014.36. Following the completion of the sale, the chief executive officer owned 503,381 shares in the company, valued at approximately $46,139,902.46. This represents a 9.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 113,344 shares of company stock valued at $10,170,949 in the last 90 days. Insiders own 1.42% of the company’s stock.

Louisiana-Pacific Stock Up 1.2%

NYSE:LPX opened at $84.76 on Tuesday. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a 50 day moving average of $85.59 and a 200-day moving average of $88.16. The firm has a market capitalization of $5.90 billion, a PE ratio of 27.43 and a beta of 1.81. Louisiana-Pacific Corporation has a 52 week low of $73.42 and a 52 week high of $119.91.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The company had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. TD Securities decreased their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. Truist Financial upped their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, January 6th. Vertical Research began coverage on Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Royal Bank Of Canada lowered their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Six equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.57.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.