Caprock Group LLC Makes New $232,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Caprock Group LLC bought a new stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,239 shares of the building manufacturing company's stock, valued at approximately $232,000.

Several other hedge funds have also made changes to their positions in the business. UMB Bank n.a. raised its stake in Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after acquiring an additional 158 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific during the third quarter worth $38,000. V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the 3rd quarter valued at $43,000. Finally, Covestor Ltd increased its stake 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 buying an additional 163 shares during the period. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Price Performance

LPX stock traded down $0.56 during midday trading on Monday, hitting $114.66. 421,988 shares of the stock were exchanged, compared to its average volume of 585,153. The stock's 50-day moving average price is $111.84 and its 200-day moving average price is $105.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock has a market cap of $8.05 billion, a price-to-earnings ratio of 19.77, a PEG ratio of 1.42 and a beta of 1.95. Louisiana-Pacific Co. has a fifty-two week low of $66.77 and a fifty-two week high of $122.87.

Wall Street Analyst Weigh In

Several analysts have recently commented on LPX shares. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. 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. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. TD Securities raised their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Finally, Truist Financial upped their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $108.38.

Insider Activity

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the transaction, the director now directly owns 28,638 shares of the company's stock, valued at $3,247,835.58. The trade was 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.

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.