Arvest Bank Trust Division Purchases New Stake in Louisiana-Pacific Co. (NYSE:LPX)

Arvest Bank Trust Division purchased a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 9,304 shares of the building manufacturing company's stock, valued at approximately $1,000,000.

A number of other institutional investors also recently made changes to their positions in LPX. Harbor Capital Advisors Inc. acquired a new position 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 during the 3rd quarter worth approximately $43,000. Covestor Ltd increased its holdings in shares of 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 period. First Horizon Advisors Inc. raised its position in shares of Louisiana-Pacific by 77.3% in the third 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 stake in Louisiana-Pacific during the second quarter worth approximately $53,000. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 1.5 %

NYSE LPX traded down $1.78 on Thursday, reaching $115.37. The company had a trading volume of 349,886 shares, compared to its average volume of 816,158. Louisiana-Pacific Co. has a fifty-two week low of $61.25 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The firm has a market cap of $8.10 billion, a price-to-earnings ratio of 20.03, a P/E/G ratio of 2.90 and a beta of 1.91. The business has a 50 day moving average of $109.46 and a two-hundred day moving average of $98.82.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Bank of America increased their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. BMO Capital Markets boosted their target price 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. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Truist Financial boosted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. Finally, TD Securities boosted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $102.22.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction 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 sale, the director now owns 28,638 shares of the company's stock, valued at $3,247,835.58. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

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.