Advisors Preferred LLC Purchases New Stake in Louisiana-Pacific Co. (NYSE:LPX)

Advisors Preferred LLC acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 13,699 shares of the building manufacturing company's stock, valued at approximately $1,423,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LPX. Pacer Advisors Inc. boosted its position in shares of Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock worth $118,895,000 after purchasing an additional 1,096,804 shares during the period. FMR LLC boosted its holdings in Louisiana-Pacific by 25.2% in the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock worth $340,427,000 after buying an additional 638,058 shares during the period. State Street Corp boosted its holdings in Louisiana-Pacific by 10.8% in the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock worth $231,529,000 after buying an additional 210,113 shares during the period. Bamco Inc. NY increased its stake in Louisiana-Pacific by 65.7% in the 3rd quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company's stock worth $55,500,000 after buying an additional 204,828 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Louisiana-Pacific by 32.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company's stock valued at $71,192,000 after acquiring an additional 162,976 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded down $3.36 during mid-day trading on Wednesday, hitting $110.81. 653,678 shares of the company's stock traded hands, compared to its average volume of 586,110. 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 Co. has a 1 year low of $66.77 and a 1 year high of $122.87. The company's 50-day moving average is $111.64 and its two-hundred day moving average is $106.02. The company has a market capitalization of $7.78 billion, a P/E ratio of 19.11, a PEG ratio of 1.42 and a beta of 1.95.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value 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. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

LPX has been the subject of several research analyst reports. TD Securities increased their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Truist Financial lifted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a report on Monday, January 6th. Finally, BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a "market perform" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $108.38.

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.