Geode Capital Management LLC Raises Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Geode Capital Management LLC lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 0.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,071,261 shares of the building manufacturing company’s stock after purchasing an additional 95 shares during the quarter. Geode Capital Management LLC’s holdings in Louisiana-Pacific were worth $115,147,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. William Blair Investment Management LLC acquired a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $91,053,000. Pacer Advisors Inc. raised its stake in shares of Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after acquiring an additional 1,096,804 shares in the last quarter. FMR LLC boosted its holdings in Louisiana-Pacific by 25.2% in the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after purchasing an additional 638,058 shares during the period. Marshall Wace LLP boosted its holdings in Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after purchasing an additional 602,803 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after purchasing an additional 292,200 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Transactions at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now directly owns 28,638 shares in the company, 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 legal filing with the SEC, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Down 2.7 %

NYSE LPX opened at $110.65 on Wednesday. The firm’s fifty day moving average price is $109.88 and its 200 day moving average price is $99.39. Louisiana-Pacific Co. has a 12 month low of $63.76 and a 12 month high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The company has a market capitalization of $7.77 billion, a price-to-earnings ratio of 19.08, a price-to-earnings-growth ratio of 2.82 and a beta of 1.91.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.94%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific’s payout ratio is 17.93%.

Analyst Ratings Changes

A number of research firms have issued reports on LPX. TD Securities increased their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group raised their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 12th. Two 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 company has an average rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Company 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.