Nisa Investment Advisors LLC Cuts Stock Holdings in Louisiana-Pacific Corporation (NYSE:LPX)

Nisa Investment Advisors LLC lowered its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 15.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 0.07% of Louisiana-Pacific worth $4,341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Coldstream Capital Management Inc. boosted its position in Louisiana-Pacific by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company's stock valued at $383,000 after buying an additional 95 shares during the period. Woodmont Investment Counsel LLC boosted its position in Louisiana-Pacific by 3.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company's stock valued at $337,000 after buying an additional 100 shares during the period. Kingswood Wealth Advisors LLC boosted its position in Louisiana-Pacific by 3.1% in the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock valued at $425,000 after buying an additional 140 shares during the period. Capital Advisory Group Advisory Services LLC boosted its position in Louisiana-Pacific by 7.3% in the 1st quarter. Capital Advisory Group Advisory Services LLC now owns 2,543 shares of the building manufacturing company's stock valued at $234,000 after buying an additional 173 shares during the period. Finally, Natixis Advisors LLC boosted its position in Louisiana-Pacific by 0.6% in the 4th quarter. Natixis Advisors LLC now owns 29,753 shares of the building manufacturing company's stock valued at $3,081,000 after buying an additional 188 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Wall Street Analyst Weigh In

LPX has been the subject of several recent analyst reports. DA Davidson decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research report on Wednesday, June 25th. Truist Financial lowered their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, July 11th. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price for the company in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada upped their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Louisiana-Pacific has a consensus rating of "Hold" and an average target price of $106.13.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the transaction, the director directly owned 18,838 shares of the company's stock, valued at $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.42% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.24 on Wednesday, reaching $87.36. The company's stock had a trading volume of 592,020 shares, compared to its average volume of 690,341. The stock's 50-day moving average is $90.65 and its two-hundred day moving average is $96.23. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59. The stock has a market capitalization of $6.08 billion, a P/E ratio of 15.33, a PEG ratio of 1.45 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its 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 during the quarter, compared to analysts' expectations of $711.66 million. During the same period in the prior year, the company earned $1.53 earnings per share. The business's revenue was up .0% compared to the same quarter last year. As a group, sell-side analysts forecast that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were issued a $0.28 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.28%. Louisiana-Pacific's payout ratio is 19.65%.

About Louisiana-Pacific

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.