Spire Wealth Management Sells 128 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Spire Wealth Management lowered its position in Louisiana-Pacific Co. (NYSE:LPX) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,975 shares of the building manufacturing company’s stock after selling 128 shares during the period. Spire Wealth Management’s holdings in Louisiana-Pacific were worth $1,033,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Symphony Financial Ltd. Co. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $259,000. Caprock Group LLC bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $232,000. Perigon Wealth Management LLC grew its holdings in shares of Louisiana-Pacific by 18.0% in the fourth quarter. Perigon Wealth Management LLC now owns 2,927 shares of the building manufacturing company’s stock worth $303,000 after acquiring an additional 447 shares during the period. KBC Group NV grew its holdings in Louisiana-Pacific by 4.8% during the fourth quarter. KBC Group NV now owns 8,131 shares of the building manufacturing company’s stock valued at $842,000 after purchasing an additional 373 shares during the period. Finally, Blue Trust Inc. grew its holdings in Louisiana-Pacific by 12.5% during the fourth quarter. Blue Trust Inc. now owns 2,155 shares of the building manufacturing company’s stock valued at $232,000 after purchasing an additional 240 shares during the period. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $116.70 on Wednesday. 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 market capitalization of $8.20 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.41 and a beta of 1.95. Louisiana-Pacific Co. has a 12 month low of $63.76 and a 12 month high of $122.87. The business’s 50-day moving average is $111.91 and its 200 day moving average is $105.20.

Wall Street Analyst Weigh In

Several analysts have issued reports on LPX shares. Truist Financial boosted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, TD Securities boosted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Two 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $108.38.

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.