Nuveen Asset Management LLC Reduces Position in Louisiana-Pacific Co. (NYSE:LPX)

Nuveen Asset Management LLC cut its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 20.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 176,802 shares of the building manufacturing company's stock after selling 45,809 shares during the quarter. Nuveen Asset Management LLC owned 0.25% of Louisiana-Pacific worth $18,308,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of LPX. Barclays PLC raised its position in Louisiana-Pacific by 20.0% during the 3rd quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company's stock worth $3,877,000 after buying an additional 6,011 shares during the last quarter. UMB Bank n.a. raised its position in Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after buying an additional 158 shares during the last quarter. SG Americas Securities LLC raised its position in Louisiana-Pacific by 240.9% during the 4th quarter. SG Americas Securities LLC now owns 20,265 shares of the building manufacturing company's stock worth $2,098,000 after buying an additional 14,320 shares during the last quarter. New Century Financial Group LLC purchased a new position in Louisiana-Pacific during the 4th quarter worth approximately $324,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in Louisiana-Pacific during the 4th quarter worth approximately $468,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on LPX shares. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Wednesday, May 7th. TD Securities cut their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a report on Thursday, February 20th. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. DA Davidson cut their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Finally, BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific has an average rating of "Hold" and an average price target of $107.38.

Louisiana-Pacific Price Performance

NYSE LPX traded down $4.30 on Wednesday, hitting $90.03. The company had a trading volume of 424,247 shares, compared to its average volume of 681,565. The company has a market capitalization of $6.27 billion, a PE ratio of 15.32, a PEG ratio of 1.24 and a beta of 1.94. The company's fifty day moving average price is $89.23 and its 200-day moving average price is $101.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 12-month low of $78.82 and a 12-month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The company had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.53 EPS. As a group, analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio is presently 19.65%.

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.