Barclays PLC Has $3.88 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Barclays PLC raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 20.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,089 shares of the building manufacturing company’s stock after purchasing an additional 6,011 shares during the quarter. Barclays PLC’s holdings in Louisiana-Pacific were worth $3,877,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Ensign Peak Advisors Inc grew its stake in shares of Louisiana-Pacific by 57.6% in the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock valued at $2,917,000 after buying an additional 12,950 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Louisiana-Pacific by 36.7% during the 3rd 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 during the last quarter. Hsbc Holdings PLC increased its stake in shares of Louisiana-Pacific by 168.4% during the 2nd 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 during the last quarter. Empowered Funds LLC raised its holdings in shares of Louisiana-Pacific by 238.1% during the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock valued at $2,136,000 after purchasing an additional 14,001 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Louisiana-Pacific by 11.2% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 228,988 shares of the building manufacturing company’s stock valued at $18,853,000 after purchasing an additional 23,039 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing 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 dated Tuesday, November 12th. The stock was 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 directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in 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 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 research note on Tuesday, October 15th. DA Davidson increased their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. TD Securities boosted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $102.22.

Louisiana-Pacific Stock Up 1.2 %

Shares of LPX opened at $104.40 on Monday. 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 company has a 50-day simple moving average of $109.88 and a 200-day simple moving average of $99.79. Louisiana-Pacific Co. has a 52 week low of $63.76 and a 52 week high of $122.87. The firm has a market capitalization of $7.33 billion, a P/E ratio of 18.00, a P/E/G ratio of 2.82 and a beta of 1.91.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were given 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 dividend yield of 1.00%. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

About Louisiana-Pacific

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.