Wealth Enhancement Advisory Services LLC Has $821,000 Stock Holdings in Louisiana-Pacific Corporation (NYSE:LPX)

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 78.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,921 shares of the building manufacturing company's stock after selling 32,072 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Louisiana-Pacific were worth $821,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LPX. Alyeska Investment Group L.P. lifted its holdings in shares of Louisiana-Pacific by 1,736.2% during the 4th quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock worth $92,299,000 after acquiring an additional 842,809 shares during the period. Norges Bank purchased a new position in Louisiana-Pacific in the fourth quarter valued at approximately $78,181,000. FMR LLC raised its holdings in Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after buying an additional 540,703 shares during the period. Palestra Capital Management LLC purchased a new position in Louisiana-Pacific in the fourth quarter valued at approximately $34,521,000. Finally, Point72 Asset Management L.P. raised its holdings in Louisiana-Pacific by 430.3% in 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 buying an additional 305,021 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LPX has been the subject of a number of recent research reports. Truist Financial lowered their target price on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. DA Davidson lowered 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. Loop Capital raised shares of 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. Finally, Royal Bank Of Canada raised their price target 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 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. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and an average target price of $106.63.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the company's 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 directly owned 18,838 shares in the company, valued at $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.42% of the company's stock.

Louisiana-Pacific Stock Down 1.0%

Shares of NYSE:LPX traded down $0.88 during midday trading on Friday, hitting $91.70. 578,214 shares of the stock were exchanged, compared to its average volume of 696,545. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. Louisiana-Pacific Corporation has a 52-week low of $78.82 and a 52-week high of $122.87. The business's fifty day simple moving average is $90.14 and its two-hundred day simple moving average is $96.87. The company has a market capitalization of $6.38 billion, a PE ratio of 16.09, a P/E/G ratio of 1.41 and a beta of 1.84.

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 the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. During the same quarter in the previous year, the business posted $1.53 EPS. The firm's quarterly revenue was up .0% compared to the same quarter last year. As a group, research analysts predict that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal 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 paid 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 1.22%. 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.