Empowered Funds LLC Buys 14,001 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Empowered Funds LLC raised its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 238.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,881 shares of the building manufacturing company's stock after acquiring an additional 14,001 shares during the quarter. Empowered Funds LLC's holdings in Louisiana-Pacific were worth $2,136,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LPX. Harbor Capital Advisors Inc. purchased a new position in Louisiana-Pacific in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the 3rd quarter worth approximately $43,000. Covestor Ltd raised its holdings in Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock worth $46,000 after acquiring an additional 163 shares during the last quarter. Bessemer Group Inc. raised its holdings in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock worth $37,000 after acquiring an additional 318 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock worth $40,000 after acquiring an additional 177 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded up $3.01 during mid-day trading on Thursday, reaching $114.40. 456,218 shares of the company's stock traded hands, compared to its average volume of 835,516. Louisiana-Pacific Co. has a 12 month low of $60.27 and a 12 month high of $117.59. The firm has a 50 day moving average price of $105.33 and a two-hundred day moving average price of $95.63. 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 firm has a market capitalization of $8.04 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.69 and a beta of 1.88.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 20th. Louisiana-Pacific's payout ratio is currently 17.93%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LPX shares. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. BMO Capital Markets boosted 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. StockNews.com downgraded shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Bank of America lifted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 12th. Finally, TD Securities lifted their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and an average target price of $102.22.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 10.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company's stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.