Nuveen LLC Makes New Investment in Louisiana-Pacific Corporation $LPX

Nuveen LLC bought a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 276,250 shares of the building manufacturing company's stock, valued at approximately $25,409,000. Nuveen LLC owned 0.40% of Louisiana-Pacific as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LPX. Wells Fargo & Company MN raised its position in shares of Louisiana-Pacific by 5.1% during the fourth quarter. Wells Fargo & Company MN now owns 54,396 shares of the building manufacturing company's stock worth $5,633,000 after purchasing an additional 2,633 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Louisiana-Pacific in the fourth quarter worth $3,020,000. Townsquare Capital LLC grew its holdings in shares of Louisiana-Pacific by 15.5% during the fourth quarter. Townsquare Capital LLC now owns 5,844 shares of the building manufacturing company's stock valued at $605,000 after buying an additional 786 shares in the last quarter. Barclays PLC raised its position in Louisiana-Pacific by 129.9% during the fourth quarter. Barclays PLC now owns 82,980 shares of the building manufacturing company's stock valued at $8,594,000 after buying an additional 46,891 shares during the period. Finally, Mariner LLC lifted its stake in Louisiana-Pacific by 9.3% in the 4th quarter. Mariner LLC now owns 8,339 shares of the building manufacturing company's stock worth $864,000 after acquiring an additional 708 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LPX has been the topic of several research analyst reports. DA Davidson lowered their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research note on Wednesday, June 25th. Wall Street Zen cut shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a report on Sunday, August 3rd. Royal Bank Of Canada boosted their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial dropped their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Loop Capital raised 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. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and an average price target of $106.13.

Louisiana-Pacific Stock Up 6.5%

LPX traded up $6.0540 during midday trading on Friday, hitting $98.4840. 355,096 shares of the company's stock traded hands, compared to its average volume of 741,747. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The company has a market cap of $6.86 billion, a PE ratio of 23.22, a price-to-earnings-growth ratio of 2.07 and a beta of 1.80. The stock's fifty day simple moving average is $90.83 and its 200-day simple moving average is $92.76. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company had revenue of $755.00 million during the quarter, compared to the consensus estimate of $751.15 million. During the same period in the previous year, the firm posted $2.09 earnings per share. The company'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 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, August 15th. Louisiana-Pacific's payout ratio is presently 26.42%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the sale, the director owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the sale, the director directly owned 29,728 shares of the company's stock, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. 1.42% of the stock is currently owned by insiders.

Louisiana-Pacific 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.