Public Employees Retirement System of Ohio Has $3.44 Million Stake in Louisiana-Pacific Co. (NYSE:LPX)

Public Employees Retirement System of Ohio cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 32,024 shares of the building manufacturing company’s stock after selling 1,166 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Louisiana-Pacific were worth $3,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Louisiana-Pacific by 9.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,841 shares of the building manufacturing company’s stock worth $316,000 after buying an additional 345 shares during the last quarter. Blue Trust Inc. lifted its position in Louisiana-Pacific by 20.7% during the second quarter. Blue Trust Inc. now owns 1,848 shares of the building manufacturing company’s stock worth $155,000 after acquiring an additional 317 shares during the last quarter. Summit Global Investments bought a new stake in shares of Louisiana-Pacific during the second quarter worth approximately $1,499,000. Investment House LLC grew its position in shares of Louisiana-Pacific by 5.5% in the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock valued at $393,000 after purchasing an additional 250 shares during the last quarter. Finally, Smith Shellnut Wilson LLC ADV bought a new position in shares of Louisiana-Pacific during the second quarter worth approximately $209,000. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the transaction, the director now owns 28,638 shares in the company, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.26% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $112.83 on Monday. The company’s 50 day simple moving average is $109.77 and its 200 day simple moving average is $99.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 1 year low of $63.76 and a 1 year high of $122.87. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.91.

Louisiana-Pacific Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on LPX shares. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson upped their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Truist Financial increased their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, TD Securities lifted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and a consensus price target of $102.22.

Louisiana-Pacific 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.