Segall Bryant & Hamill LLC Sells 145,585 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Segall Bryant & Hamill LLC lowered its stake in Louisiana-Pacific Co. (NYSE:LPX) by 47.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,825 shares of the building manufacturing company’s stock after selling 145,585 shares during the quarter. Segall Bryant & Hamill LLC owned approximately 0.23% of Louisiana-Pacific worth $17,067,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Bessemer Group Inc. boosted its holdings in shares of Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific in the 3rd quarter valued at about $38,000. GAMMA Investing LLC increased its stake in shares of Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at about $43,000. Finally, Covestor Ltd lifted its stake in Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 0.0 %

Shares of Louisiana-Pacific stock opened at $111.39 on Thursday. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $60.00 and a 12-month high of $117.59. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 2.70 and a beta of 1.88. The firm’s 50-day moving average price is $105.33 and its two-hundred day moving average price is $95.63.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is 17.93%.

Insider Buying and Selling

In other news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now directly owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on LPX shares. Bank of America lifted their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. TD Securities lifted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Truist Financial increased their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group lifted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and an average price target of $102.22.

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.