Burney Co. Increases Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Burney Co. lifted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 13.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,963 shares of the building manufacturing company’s stock after purchasing an additional 347 shares during the quarter. Burney Co.’s holdings in Louisiana-Pacific were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LPX. Versant Capital Management Inc grew its position in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Louisiana-Pacific in the 3rd quarter valued at $38,000. V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the 3rd quarter valued at $43,000. Covestor Ltd grew its position 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 buying an additional 163 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its position in Louisiana-Pacific by 77.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after buying an additional 201 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Louisiana-Pacific Trading Down 0.6 %

NYSE:LPX opened at $114.85 on Friday. The company has a market capitalization of $8.07 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.94. 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 52-week low of $63.76 and a 52-week high of $122.87. The stock has a fifty day simple moving average of $111.41 and a 200-day simple moving average of $102.42.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Analyst Ratings Changes

LPX has been the topic of a number of analyst reports. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. The Goldman Sachs Group boosted 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, TD Securities boosted their target price 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. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and an average price target of $108.38.

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.