Nuveen Asset Management LLC Sells 45,809 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Nuveen Asset Management LLC decreased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 20.6% during the 4th quarter, according to its most recent 13F filing with the Securities & 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 about 0.25% of Louisiana-Pacific worth $18,308,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Occudo Quantitative Strategies LP acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth approximately $317,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Louisiana-Pacific by 5.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 496,246 shares of the building manufacturing company's stock worth $51,386,000 after acquiring an additional 27,083 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of Louisiana-Pacific by 2.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock worth $131,109,000 after acquiring an additional 24,285 shares during the last quarter. Janus Henderson Group PLC increased its holdings in shares of Louisiana-Pacific by 50.5% during the 4th quarter. Janus Henderson Group PLC now owns 113,623 shares of the building manufacturing company's stock worth $11,770,000 after acquiring an additional 38,101 shares during the last quarter. Finally, Graham Capital Management L.P. increased its holdings in shares of Louisiana-Pacific by 206.3% during the 4th quarter. Graham Capital Management L.P. now owns 37,298 shares of the building manufacturing company's stock worth $3,862,000 after acquiring an additional 25,120 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

LPX traded up $0.53 during trading on Thursday, hitting $90.24. The stock had a trading volume of 76,150 shares, compared to its average volume of 681,496. The company has a 50 day moving average price of $89.17 and a 200-day moving average price of $101.77. The firm has a market cap of $6.28 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 1.24 and a beta of 1.94. 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 one year low of $78.82 and a one year high of $122.87.

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

Louisiana-Pacific Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. 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. Truist Financial decreased their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd. TD Securities decreased their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Finally, DA Davidson decreased their target price on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of "Hold" and an average target price of $107.38.

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.