Natixis Advisors LLC Sells 3,261 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

Key Points

• Natixis Advisors LLC reduced its holdings in Louisiana-Pacific Corporation by 11.0%, owning 26,492 shares valued at approximately $2.4 million after selling 3,261 shares.
• Louisiana-Pacific recently announced a quarterly dividend of $0.28, yielding an annualized rate of 1.2%, which will be paid on August 29th to investors of record by August 15th.
• The stock of Louisiana-Pacific has experienced a decline of 2.0%, closing at $90.71, with analysts currently holding a mixed rating with a consensus price target of $106.13.

Natixis Advisors LLC lessened its holdings in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 11.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,492 shares of the building manufacturing company's stock after selling 3,261 shares during the period. Natixis Advisors LLC's holdings in Louisiana-Pacific were worth $2,437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LPX. UMB Bank n.a. raised its holdings in shares of Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after purchasing an additional 242 shares during the period. Fifth Third Bancorp raised its holdings in shares of Louisiana-Pacific by 41.5% in the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after purchasing an additional 305 shares during the period. GeoWealth Management LLC raised its holdings in shares of Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 865 shares during the period. Covestor Ltd raised its holdings in shares of Louisiana-Pacific by 142.6% in the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after purchasing an additional 613 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 67.2% in the 1st quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock worth $111,000 after purchasing an additional 484 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target for the company in a research note on Wednesday, May 7th. Wall Street Zen downgraded Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Royal Bank Of Canada increased their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. DA Davidson cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Finally, Truist Financial cut their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Stock Performance

LPX stock traded up $4.89 during midday trading on Tuesday, reaching $94.93. 412,855 shares of the company's stock traded hands, compared to its average volume of 730,011. The company has a 50-day moving average price of $89.84 and a two-hundred day moving average price of $93.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84. Louisiana-Pacific Corporation has a 52 week low of $78.82 and a 52 week high of $122.87. The firm has a market capitalization of $6.61 billion, a PE ratio of 22.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business had revenue of $755.00 million for the quarter, compared to analysts' expectations of $751.15 million. During the same quarter in the previous year, the firm posted $2.09 EPS. The business's revenue for the quarter was down 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, August 15th. Louisiana-Pacific's dividend payout ratio (DPR) is 26.42%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the sale, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.42% of the company's stock.

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.