Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 50.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,664 shares of the building manufacturing company’s stock after selling 8,931 shares during the period. Quantbot Technologies LP’s holdings in Louisiana-Pacific were worth $931,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at approximately $38,000. V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the 3rd quarter valued at approximately $43,000. Covestor Ltd raised its holdings in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 201 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LPX. Royal Bank of Canada lifted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. TD Securities upped their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, DA Davidson lifted their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” 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 company. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Trading Up 1.3 %

Shares of LPX opened at $118.20 on Monday. Louisiana-Pacific Co. has a fifty-two week low of $60.37 and a fifty-two week high of $122.87. The company has a market capitalization of $8.30 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 2.85 and a beta of 1.88. The stock has a fifty day moving average of $107.68 and a two-hundred day moving average of $97.31. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors 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 annualized dividend and a yield of 0.88%. Louisiana-Pacific’s payout ratio is currently 17.93%.

Insider Buying and Selling

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the company’s 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 transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently 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.