Empowered Funds LLC Has $2.14 Million Stake in Louisiana-Pacific Co. (NYSE:LPX)

Empowered Funds LLC boosted its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 238.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,881 shares of the building manufacturing company's stock after purchasing an additional 14,001 shares during the period. Empowered Funds LLC's holdings in Louisiana-Pacific were worth $2,136,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. Bessemer Group Inc. raised its stake in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Louisiana-Pacific in the 3rd quarter valued at $38,000. GAMMA Investing LLC boosted its stake in Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock worth $40,000 after purchasing an additional 177 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in shares of Louisiana-Pacific during the third quarter worth $43,000. Finally, Covestor Ltd increased its stake in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after buying an additional 163 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the company's stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm'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 completion of the sale, the director now owns 21,005 shares of the company's stock, 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. Corporate insiders own 1.53% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on LPX shares. TD Securities upped their price target 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. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Truist Financial increased their price target 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. 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 research report on Tuesday, November 12th. Finally, Royal Bank of Canada increased their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $102.22.

Louisiana-Pacific Trading Down 0.0 %

NYSE LPX opened at $111.39 on Thursday. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12 month low of $60.00 and a 12 month high of $117.59. The company has a market capitalization of $7.82 billion, a PE ratio of 19.21, a P/E/G ratio of 2.70 and a beta of 1.88. The stock has a 50-day simple moving average of $105.33 and a 200 day simple moving average of $95.63.

Louisiana-Pacific Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. Louisiana-Pacific's payout ratio is 17.93%.

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.