Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by Ritholtz Wealth Management

Ritholtz Wealth Management increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 65.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,381 shares of the building manufacturing company’s stock after acquiring an additional 2,907 shares during the period. Ritholtz Wealth Management’s holdings in Louisiana-Pacific were worth $764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LPX. Ensign Peak Advisors Inc boosted its position in Louisiana-Pacific by 57.6% during the second quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock worth $2,917,000 after purchasing an additional 12,950 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Louisiana-Pacific by 36.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock worth $2,261,000 after purchasing an additional 5,645 shares in the last quarter. Hsbc Holdings PLC boosted its position in Louisiana-Pacific by 168.4% during the second quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company’s stock worth $6,546,000 after purchasing an additional 49,682 shares in the last quarter. Empowered Funds LLC boosted its position in Louisiana-Pacific by 238.1% during the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after purchasing an additional 14,001 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its position in Louisiana-Pacific by 269.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock worth $4,318,000 after purchasing an additional 30,418 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $114.85 on Tuesday. Louisiana-Pacific Co. has a one year low of $63.76 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock has a market cap of $8.07 billion, a PE ratio of 19.80, a P/E/G ratio of 1.27 and a beta of 1.94. The stock has a 50 day moving average price of $111.46 and a 200 day moving average price of $102.78.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of recent analyst reports. DA Davidson increased their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets increased their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Truist Financial raised their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. TD Securities raised their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Louisiana-Pacific has an average rating of “Hold” and a consensus target price of $108.38.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’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 completion of the sale, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following 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. Insiders own 1.26% of the company’s stock.

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.