Nisa Investment Advisors LLC Sells 6,000 Shares of Louisiana-Pacific Corporation $LPX

Nisa Investment Advisors LLC decreased its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 12.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 41,195 shares of the building manufacturing company’s stock after selling 6,000 shares during the period. Nisa Investment Advisors LLC’s holdings in Louisiana-Pacific were worth $3,660,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPX. American Century Companies Inc. grew its stake in shares of Louisiana-Pacific by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock worth $47,766,000 after acquiring an additional 29,803 shares during the period. Ceredex Value Advisors LLC lifted its holdings in Louisiana-Pacific by 57.2% during the second quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock valued at $10,671,000 after purchasing an additional 45,175 shares during the last quarter. Strs Ohio bought a new position in Louisiana-Pacific during the first quarter worth about $1,439,000. Entropy Technologies LP purchased a new position in shares of Louisiana-Pacific in the second quarter worth about $424,000. Finally, Elo Mutual Pension Insurance Co purchased a new position in shares of Louisiana-Pacific in the second quarter worth about $977,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Down 0.8%

Shares of LPX stock opened at $91.34 on Tuesday. The company has a market capitalization of $6.36 billion, a PE ratio of 29.56 and a beta of 1.80. Louisiana-Pacific Corporation has a 52-week low of $73.42 and a 52-week high of $119.91. The business’s fifty day moving average is $81.70 and its 200 day moving average is $88.17. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The business had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. During the same quarter in the prior year, the company earned $1.22 earnings per share. Louisiana-Pacific’s revenue was down 8.2% compared to the same quarter last year. On average, equities research analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 36.25%.

Wall Street Analysts Forecast Growth

LPX has been the subject of several analyst reports. TD Securities cut their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Vertical Research began coverage on Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating for the company. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. Finally, DA Davidson restated a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, November 20th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $105.43.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 1,318 shares of the business’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $85.38, for a total value of $112,530.84. Following the completion of the transaction, the chief executive officer owned 558,590 shares of the company’s stock, valued at $47,692,414.20. The trade was a 0.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stephen E. Macadam purchased 3,200 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the acquisition, the director directly owned 41,149 shares in the company, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 1.42% of the company’s stock.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.