Bridgewater Associates LP Has $4.29 Million Stake in Louisiana-Pacific Co. (NYSE:LPX)

Bridgewater Associates LP lowered its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 42.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,920 shares of the building manufacturing company's stock after selling 29,719 shares during the quarter. Bridgewater Associates LP owned approximately 0.06% of Louisiana-Pacific worth $4,290,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in LPX. Harbor Capital Advisors Inc. acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at about $38,000. GAMMA Investing LLC increased its position in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. V Square Quantitative Management LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at about $43,000. Covestor Ltd increased its position in 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 acquiring an additional 163 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in 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 acquiring an additional 201 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 1.3 %

Louisiana-Pacific stock traded up $1.56 during midday trading on Friday, hitting $118.20. 230,390 shares of the stock were exchanged, compared to its average volume of 828,805. The company has a fifty day simple moving average of $107.68 and a two-hundred day simple moving average of $97.27. Louisiana-Pacific Co. has a 52 week low of $60.37 and a 52 week high of $122.87. The stock has a market capitalization of $8.30 billion, a PE ratio of 20.38, a P/E/G ratio of 2.81 and a beta of 1.88. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific's payout ratio is currently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other 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 sale, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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. Insiders own 1.26% of the company's stock.

Analyst Ratings Changes

LPX has been the subject of several research reports. 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. Bank of America raised their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a research report on Thursday, September 12th. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. DA Davidson raised their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Finally, Truist Financial raised their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $102.22.

Louisiana-Pacific 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.