Schechter Investment Advisors LLC Has $1.61 Million Holdings in Louisiana-Pacific Corporation (NYSE:LPX)

Schechter Investment Advisors LLC cut its position in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 19.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Alyeska Investment Group L.P. lifted its position in shares of Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after purchasing an additional 842,809 shares in the last quarter. Norges Bank bought a new position in Louisiana-Pacific during the fourth quarter valued at approximately $78,181,000. FMR LLC raised its position in Louisiana-Pacific by 17.1% during the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after acquiring an additional 540,703 shares in the last quarter. Palestra Capital Management LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at approximately $34,521,000. Finally, Point72 Asset Management L.P. raised its position in Louisiana-Pacific by 430.3% during the fourth quarter. Point72 Asset Management L.P. now owns 375,900 shares of the building manufacturing company's stock valued at $38,924,000 after acquiring an additional 305,021 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.42% of the company's stock.

Louisiana-Pacific Stock Up 1.5%

Shares of LPX traded up $1.30 on Thursday, hitting $88.64. The company's stock had a trading volume of 576,763 shares, compared to its average volume of 689,394. The company has a quick ratio of 1.59, a current ratio of 3.03 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $90.57 and its 200-day moving average price is $96.06. Louisiana-Pacific Corporation has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 1.39 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. The firm had revenue of $724.00 million for the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The business's quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.53 EPS. On average, equities research analysts expect 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 was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 19.65%.

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.