Point72 Asset Management L.P. Takes $7.62 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Point72 Asset Management L.P. bought 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 SEC. The institutional investor bought 70,879 shares of the building manufacturing company's stock, valued at approximately $7,617,000. Point72 Asset Management L.P. owned 0.10% of Louisiana-Pacific at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cetera Advisors LLC acquired a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $400,000. GAMMA Investing LLC increased its position in shares of Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock worth $40,000 after purchasing an additional 177 shares in the last quarter. CWM LLC raised its stake in Louisiana-Pacific by 9.0% in the 2nd quarter. CWM LLC now owns 2,279 shares of the building manufacturing company's stock valued at $188,000 after purchasing an additional 188 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in Louisiana-Pacific in the 2nd quarter valued at $206,000. Finally, Strong Tower Advisory Services boosted its stake in Louisiana-Pacific by 6.5% during the 2nd quarter. Strong Tower Advisory Services now owns 54,208 shares of the building manufacturing company's stock worth $4,463,000 after purchasing an additional 3,308 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 0.3 %

LPX stock traded up $0.31 during midday trading on Friday, hitting $120.27. 413,484 shares of the company's stock were exchanged, compared to its average volume of 531,176. Louisiana-Pacific Co. has a 1-year low of $61.25 and a 1-year high of $122.87. The business has a 50-day simple moving average of $108.88 and a two-hundred day simple moving average of $98.29. The stock has a market capitalization of $8.45 billion, a PE ratio of 20.74, a P/E/G ratio of 2.84 and a beta of 1.91. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.86%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. This represents a 10.64 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value 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 approximately $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. 1.26% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LPX shares. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. TD Securities increased their price objective 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. BMO Capital Markets boosted their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a report on Tuesday, November 12th. DA Davidson upped their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $102.22.

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.