Louisiana

Retirement Systems of Alabama Boosts Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Published

2 years ago

July 6, 2024

Retirement Systems of Alabama increased its holdings in Louisiana-Pacific Co. (NYSE:LPX – Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,596 shares of the building manufacturing company’s stock after buying an additional 220 shares during the quarter. Retirement Systems of Alabama owned 0.11% of Louisiana-Pacific worth $6,763,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in LPX. Channing Capital Management LLC purchased a new position in Louisiana-Pacific during the fourth quarter valued at approximately $73,662,000. Norges Bank purchased a new position in Louisiana-Pacific during the fourth quarter valued at approximately $53,186,000. Balyasny Asset Management L.P. lifted its holdings in Louisiana-Pacific by 16,827.7% during the fourth quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company’s stock valued at $50,789,000 after purchasing an additional 712,823 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Louisiana-Pacific by 83.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after buying an additional 712,671 shares in the last quarter. Finally, Eminence Capital LP lifted its holdings in shares of Louisiana-Pacific by 31.4% in the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock worth $145,697,000 after buying an additional 491,641 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on LPX shares. DA Davidson boosted their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. The Goldman Sachs Group downgraded shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $89.00 to $81.00 in a report on Monday, June 17th. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Seaport Res Ptn cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research report on Thursday, May 9th. Finally, Royal Bank of Canada boosted their price objective on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and an average price target of $87.11.

Read Our Latest Stock Analysis on Louisiana-Pacific

Louisiana-Pacific Stock Down 3.5 %

NYSE:LPX opened at $80.23 on Friday. The company has a 50-day moving average of $86.30 and a 200 day moving average of $77.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. The firm has a market cap of $5.75 billion, a PE ratio of 22.04, a price-to-earnings-growth ratio of 10.79 and a beta of 1.89. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $95.70.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. During the same quarter last year, the firm posted $0.34 EPS. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. As a group, research analysts anticipate that Louisiana-Pacific Co. will post 5.79 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 1.30%. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.53% of the company’s stock.

About Louisiana-Pacific

(Free Report)

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.

Federal appeals court upholds Texas’ Ten Commandments law. What does it mean for Louisiana?

Published

2 hours ago

April 22, 2026

Press Room

Federal appeals court upholds Texas’ Ten Commandments law. What does it mean for Louisiana?

A federal appeals court on Tuesday upheld a Texas law requiring public schools to post the Ten Commandments, just weeks after the same court allowed a similar Louisiana law to take effect.

A majority of judges on the 5th U.S. Circuit Court of Appeals ruled that Texas’ law, which is nearly identical to Louisiana’s, is constitutional and does not violate students’ religious freedom. In February, the court lifted an injunction on Louisiana’s law, which cleared schools to put up the posters, but the judges said it was too early to rule on that law’s constitutionality.

Tuesday’s ruling could bode well for Louisiana’s law if it eventually returns to the 5th Circuit, considered the country’s most conservative federal court of appeals.

In their majority opinion, the judges rejected the argument that posting the Ten Commandments in classrooms would pressure students to honor the biblical mandates or adopt particular beliefs.

“To plaintiffs, merely exposing children to religious language is enough to make the displays engines of coercive indoctrination. We disagree,” the majority wrote about the Texas law, known as S.B. 10. A minority of the court’s active judges dissented.

Even though Tuesday’s ruling only addressed the Texas case, defenders of Louisiana’s legislation celebrated it as a victory. Louisiana Attorney General Liz Murrill said the 5th Circuit’s argument in upholding Texas’ law was identical to the one Louisiana made in defense of its law.

“Our law clearly was always constitutional,” she posted on X, “and I am grateful that the Fifth Circuit has now definitively agreed with us.”

Louisiana’s Republican-controlled Legislature passed the law in 2024, which requires all public K-12 schools and colleges to display the Ten Commandments in every classroom. A group of parents quickly challenged the law in court, and a federal judge issued a preliminary injunction that stopped the state from enforcing the law.

In February, the 5th Circuit reversed the lower court’s decision, saying it had been premature to block the law before it took effect. The judges said they could not rule on the law’s constitutionality before seeing how it played out in schools.

But in the case of Texas’ law, which that state’s Republican-led Legislature passed in 2025, the court did rule on the merits.

Rejecting arguments made by attorneys for the Texas families who challenged the law, the 5th Circuit majority said that requiring public schools to post the Ten Commandments does not amount to the government endorsing a particular religion, which the U.S. Constitution forbids. The law also does not impose religious beliefs on students, the judges wrote.

“As noted, S.B. 10 authorizes no religious instruction and gives teachers no license to contradict children’s religious beliefs (or their parents’),” the majority opinion says. “No child is made to recite the Commandments, believe them, or affirm their divine origin.”

The Texas families were represented by the American Civil Liberties Union, ACLU of Texas, Americans United for Separation of Church and State, and the Freedom From Religion Foundation, with the law firm Simpson Thacher & Bartlett LLP serving as pro bono counsel. The same groups, including Louisiana’s ACLU chapter, represented the Louisiana families.

In a statement Tuesday, the organizations said they are “extremely disappointed” by the 5th Circuit’s ruling, adding that they expect to appeal to the U.S. Supreme Court.

“The First Amendment safeguards the separation of church and state, and the freedom of families to choose how, when and if to provide their children with religious instruction,” the groups said. “This decision tramples those rights.”

Source link

Louisiana

Gaining momentum: Louisiana climbs to No. 3 in the South for job growth

Published

14 hours ago

April 21, 2026

Press Room

Gaining momentum: Louisiana climbs to No. 3 in the South for job growth

(iStock.com/Credit:typhoonski)

Nearly all major industries in Louisiana added jobs over the past year, signaling momentum for a stronger future, according to a recent report from Leaders for a Better Louisiana.

The organizat…

Already an INSIDER? Sign in.

Source link

Louisiana

8 children killed after domestic dispute in Shreveport

Published

1 day ago

April 21, 2026

Press Room

8 children killed after domestic dispute in Shreveport

SHREVEPORT, La. (KTAL/KMSS) — Police say a man shot and killed eight children, including seven of his own, following a domestic dispute in Shreveport.

The incident took place early Sunday morning, April 19, on West 79th Street in the Cedar Grove neighborhood. According to the Caddo Parish Coroner’s Office, the victims included three boys and five girls, aged between three and 11-years-old. Seven of the children were siblings, while one was a cousin. Two adult females were also injured, including one who was shot at a home located in the 500 block of Harrison Street.

One of the adults was inside the home on West 79th Street when the children were killed. She managed to escape through a window with two of the children and reached the roof. The woman jumped down with one of the children. Unfortunately, the other child did not manage to escape. Police later found his body on the roof with a gunshot wound. The surviving child was taken to the hospital with a broken leg.

Shamar Elkins (Courtesy of Shreveport Police Department) (KTAL/KMSS) West 79th Street tragedy, 8 children killed

The children were identified by their mothers as Jayla (age 3), Shayla (age 5), Kayla (age 6), Layla (age 7), Markaydon (age 10), Sariahh (age 11), Khedarrion (age 6), and Braylon (age 5).

Authorities say the suspect and father of the victims, Shamar Elkins, was the only person who fired shots that led to the juveniles’ deaths.

Authorities noted that Elkins stole a vehicle near West 79th Street after he shot the victims. He was pursued by patrol officers into Bossier Parish, where they discharged their weapons and fatally shot him on Brompton Lane. Louisiana State Police will take over the investigation involving the officers.

Shreveport Mayor Tom Arceneaux expressed his thoughts on the matter, saying, “We have a hurting community. We have hurting families. We have hurting police officers, coroner’s personnel, fire department, sheriff people, and this affects the entire community. We all mourn with these families. I ask, it’s a Sunday morning. I ask all of you who are, who are listening, who might be able to. Pray at your services this morning for not just this family, for all the victims, for the victims who are at the hospital, and for the Cedar Grove community and for the community at large.”

Attorney General Liz Murrill also commented on the tragic shooting, stating, “Multiple law enforcement agencies are investigating this tragic situation. We do not yet know all the details, but I am deeply saddened by the senseless loss of life. I’m praying for the victims and their family members in the wake of this devastating violence.”

According to the Director of Strategy and Communications, Mary Nash-Wood, two of the children attended Summer Grove, and at least four attended Linwood Charter School.

The police have not determined a motive. More updates will be provided as the information becomes available.

You can now stream KTAL 6 and KMSS 33 News live, plus original content 24/7 on your smart TV with KTAL Now, our brand-new app! No antenna, cable, or satellite needed—watch for free, anytime. Just download it on your Roku, Apple TV, or Fire TV and start streaming.

Source link