CWA Asset Management Group LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

CWA Asset Management Group LLC bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 4,878 shares of the building manufacturing company's stock, valued at approximately $505,000.

Other large investors have also recently bought and sold shares of the company. FMR LLC boosted its stake in shares of Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after acquiring an additional 638,058 shares during the last quarter. State Street Corp raised its position in shares of Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock valued at $231,529,000 after buying an additional 210,113 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock valued at $103,363,000 after buying an additional 602,803 shares during the period. Pacer Advisors Inc. boosted its position in Louisiana-Pacific by 11,417.9% during the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock worth $118,895,000 after acquiring an additional 1,096,804 shares during the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in Louisiana-Pacific in the 2nd quarter worth approximately $91,053,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated 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 owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm's 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 owns 28,638 shares of the company's stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.

Louisiana-Pacific Stock Down 0.5 %

Louisiana-Pacific stock traded down $0.54 during trading on Thursday, reaching $106.82. 522,962 shares of the company's stock were exchanged, compared to its average volume of 705,392. Louisiana-Pacific Co. has a 52-week low of $63.76 and a 52-week high of $122.87. The firm has a market cap of $7.50 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.72 and a beta of 1.94. 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 company's 50-day moving average is $110.73 and its two-hundred day moving average is $101.08.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

LPX has been the topic of a number of recent analyst reports. TD Securities increased their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased 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. Bank of America lifted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a report on Tuesday, November 12th. Finally, StockNews.com downgraded shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Louisiana-Pacific presently has an average rating of "Hold" and a consensus target price of $104.67.

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.