Kingsview Wealth Management LLC Acquires 18,896 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Kingsview Wealth Management LLC raised its stake in Louisiana-Pacific Co. (NYSE:LPX) by 857.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 21,099 shares of the building manufacturing company’s stock after buying an additional 18,896 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Louisiana-Pacific were worth $2,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of LPX. CWM LLC boosted its holdings in Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after purchasing an additional 97 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Louisiana-Pacific by 4.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock worth $280,000 after buying an additional 99 shares in the last quarter. Hanseatic Management Services Inc. boosted its stake in shares of Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after buying an additional 100 shares during the last quarter. Stratos Wealth Partners LTD. grew its holdings in shares of Louisiana-Pacific by 5.6% in the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock valued at $242,000 after acquiring an additional 124 shares in the last quarter. Finally, Choreo LLC increased its position in shares of Louisiana-Pacific by 2.7% during the fourth quarter. Choreo LLC now owns 5,546 shares of the building manufacturing company’s stock valued at $574,000 after acquiring an additional 148 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. TD Securities boosted their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. DA Davidson increased their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $108.38.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $114.66 on Tuesday. Louisiana-Pacific Co. has a 12 month low of $66.77 and a 12 month high of $122.87. The stock has a market capitalization of $8.05 billion, a P/E ratio of 19.77, a PEG ratio of 1.42 and a beta of 1.95. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $111.84 and its 200 day moving average is $105.87.

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.