Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lessened its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 33.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,138 shares of the building manufacturing company’s stock after selling 14,858 shares during the quarter. Intech Investment Management LLC’s holdings in Louisiana-Pacific were worth $3,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Bessemer Group Inc. boosted its stake in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 318 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific in the third quarter worth approximately $38,000. GAMMA Investing LLC grew its holdings in Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares during the period. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific during the third quarter worth approximately $43,000. Finally, Covestor Ltd raised its stake in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analysts Set New Price Targets

LPX has been the subject of several research reports. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. TD Securities lifted their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Truist Financial boosted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $102.22.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 10.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the sale, the director now 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 position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Up 1.3 %

NYSE LPX opened at $115.89 on Friday. The company’s fifty day simple moving average is $106.09 and its 200-day simple moving average is $96.06. The stock has a market cap of $8.14 billion, a P/E ratio of 19.98, a PEG ratio of 2.76 and a beta of 1.88. Louisiana-Pacific Co. has a 52 week low of $60.27 and a 52 week high of $117.59. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be given a $0.26 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. Louisiana-Pacific’s payout ratio is currently 17.93%.

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.