Nisa Investment Advisors LLC Sells 8,305 Shares of Louisiana-Pacific Corporation (NYSE:LPX)

Nisa Investment Advisors LLC lowered its position in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 15.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,195 shares of the building manufacturing company's stock after selling 8,305 shares during the period. Nisa Investment Advisors LLC owned 0.07% of Louisiana-Pacific worth $4,341,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of LPX. DekaBank Deutsche Girozentrale raised its position in Louisiana-Pacific by 30.0% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 6,832 shares of the building manufacturing company's stock worth $615,000 after purchasing an additional 1,578 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Louisiana-Pacific by 15.9% in the 1st quarter. Envestnet Asset Management Inc. now owns 167,818 shares of the building manufacturing company's stock valued at $15,436,000 after buying an additional 23,032 shares during the period. First Horizon Advisors Inc. grew 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 valued at $111,000 after buying an additional 484 shares during the period. Shilanski & Associates Inc. grew its holdings in shares of Louisiana-Pacific by 7.3% in the 1st quarter. Shilanski & Associates Inc. now owns 19,366 shares of the building manufacturing company's stock valued at $1,781,000 after buying an additional 1,314 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Louisiana-Pacific by 18.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock valued at $12,486,000 after acquiring an additional 21,462 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded down $3.61 on Friday, reaching $92.87. The stock had a trading volume of 528,933 shares, compared to its average volume of 693,273. Louisiana-Pacific Corporation has a 12 month low of $78.82 and a 12 month high of $122.87. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of 16.29, a P/E/G ratio of 1.44 and a beta of 1.84. The firm's 50-day moving average is $90.65 and its two-hundred day moving average is $96.43. The company has a quick ratio of 1.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. During the same quarter in the prior year, the business earned $1.53 EPS. Louisiana-Pacific's quarterly revenue was up .0% on a year-over-year basis. On average, research analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.21%. Louisiana-Pacific's payout ratio is presently 19.65%.

Analysts Set New Price Targets

Several equities research analysts have commented on LPX shares. Loop Capital raised shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Wednesday, May 7th. DA Davidson cut their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Truist Financial cut their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday. Finally, Royal Bank Of Canada upped 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $106.13.

Insider Activity

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.42% of the stock is currently owned by insiders.

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.