Louisiana-Pacific Corporation (NYSE:LPX) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC decreased its holdings in Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 19.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,463 shares of the building manufacturing company's stock after selling 4,256 shares during the quarter. Schechter Investment Advisors LLC's holdings in Louisiana-Pacific were worth $1,606,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after acquiring an additional 242 shares during the last quarter. Fifth Third Bancorp boosted its stake in 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 in the last quarter. GeoWealth Management LLC grew its position in Louisiana-Pacific by 1,184.9% during 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 last quarter. Covestor Ltd increased its stake in Louisiana-Pacific by 142.6% during the 4th quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock valued at $108,000 after purchasing an additional 613 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 67.2% in the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock worth $111,000 after buying an additional 484 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction that occurred 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 transaction, the director owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Price Performance

LPX stock traded down $1.90 during mid-day trading on Monday, reaching $91.01. 428,154 shares of the company's stock were exchanged, compared to its average volume of 731,121. The company has a market cap of $6.33 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.48 and a beta of 1.84. Louisiana-Pacific Corporation has a 12-month low of $78.82 and a 12-month high of $122.87. The stock's 50 day moving average is $90.65 and its 200 day moving average is $96.38. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59.

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

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LPX shares. 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 research report on Wednesday, May 7th. Royal Bank Of Canada increased their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Truist Financial dropped their target price on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday. Finally, DA Davidson reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of "Hold" and an average target price of $106.13.

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.