Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 32.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 662,496 shares of the building manufacturing company’s stock after purchasing an additional 162,976 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of Louisiana-Pacific worth $71,192,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of LPX. Marshall Wace LLP grew its holdings in Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after acquiring an additional 602,803 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after purchasing an additional 1,096,804 shares in the last quarter. William Blair Investment Management LLC acquired a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $91,053,000. Renaissance Technologies LLC boosted its holdings in Louisiana-Pacific by 188.3% during the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after buying an additional 292,200 shares in the last quarter. Finally, Emerald Advisers LLC grew its position in Louisiana-Pacific by 9.5% during the third quarter. Emerald Advisers LLC now owns 317,241 shares of the building manufacturing company’s stock valued at $34,091,000 after buying an additional 27,544 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets raised their target price on 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 raised their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Bank of America boosted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $102.22.

Louisiana-Pacific Stock Down 2.0 %

Shares of NYSE LPX opened at $116.64 on Friday. 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 company has a 50-day moving average of $107.18 and a 200 day moving average of $96.87. Louisiana-Pacific Co. has a 12-month low of $60.27 and a 12-month high of $122.87. The stock has a market cap of $8.19 billion, a PE ratio of 20.11, a P/E/G ratio of 2.90 and a beta of 1.88.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the 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 completion of 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 position. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.

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.