15,682 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Neo Ivy Capital Management

Neo Ivy Capital Management acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 15,682 shares of the building manufacturing company's stock, valued at approximately $1,686,000.

Several other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific in the 3rd quarter valued at $38,000. V Square Quantitative Management LLC acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at $43,000. Covestor Ltd raised its stake in shares of Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after buying an additional 163 shares in the last quarter. First Horizon Advisors Inc. raised its stake in shares of Louisiana-Pacific by 77.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock valued at $50,000 after buying an additional 201 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $53,000. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Trading Down 0.1 %

Shares of NYSE LPX traded down $0.08 during mid-day trading on Wednesday, hitting $116.54. The company's stock had a trading volume of 174,728 shares, compared to its average volume of 816,546. The company's fifty day simple moving average is $109.27 and its 200-day simple moving average is $98.69. Louisiana-Pacific Co. has a one year low of $61.25 and a one year high of $122.87. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.90 and a beta of 1.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.89%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's payout ratio is 17.93%.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 approximately $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred 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 sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Bank of America increased their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 12th. TD Securities increased their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. DA Davidson raised their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets raised their price objective 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. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $102.22.

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.