CWA Asset Management Group LLC Acquires Shares of 4,878 Louisiana-Pacific Co. (NYSE:LPX)

CWA Asset Management Group LLC bought a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,878 shares of the building manufacturing company’s stock, valued at approximately $505,000.

A number of other hedge funds also recently made changes to their positions in the company. William Blair Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the 2nd quarter worth approximately $91,053,000. Pacer Advisors Inc. raised its stake in Louisiana-Pacific by 11,417.9% during the third 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. FMR LLC raised its stake in Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after purchasing an additional 638,058 shares in the last quarter. Marshall Wace LLP lifted its position 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 valued at $103,363,000 after purchasing an additional 602,803 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of Louisiana-Pacific by 188.3% in the 2nd 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. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Down 0.5 %

Shares of LPX opened at $106.82 on Thursday. The firm has a fifty day moving average price of $110.57 and a 200-day moving average price of $101.04. 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 has a market capitalization of $7.50 billion, a P/E ratio of 18.42, a P/E/G ratio of 2.72 and a beta of 1.94. Louisiana-Pacific Co. has a 12-month low of $63.76 and a 12-month high of $122.87.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LPX shares. BMO Capital Markets upped their target price 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. Bank of America upped their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, TD Securities boosted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $104.67.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred 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 transaction, the director now owns 28,638 shares of the company’s stock, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The shares were 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 of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

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.