Healthcare of Ontario Pension Plan Trust Fund Buys 5,645 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 36.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,045 shares of the building manufacturing company's stock after purchasing an additional 5,645 shares during the period. Healthcare of Ontario Pension Plan Trust Fund's holdings in Louisiana-Pacific were worth $2,261,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LPX. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific in the third quarter worth $38,000. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific in the 3rd quarter worth about $43,000. Covestor Ltd boosted 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 worth $46,000 after purchasing an additional 163 shares in the last quarter. First Horizon Advisors Inc. grew its position in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock valued at $50,000 after purchasing an additional 201 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America upped their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research note on Thursday, September 12th. TD Securities increased their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 12th. DA Davidson increased their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $102.22.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $1.56 during trading on Friday, hitting $118.20. The company's stock had a trading volume of 230,390 shares, compared to its average volume of 656,343. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The firm has a market cap of $8.30 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.85 and a beta of 1.88. The company has a 50-day moving average of $107.68 and a 200-day moving average of $97.27. Louisiana-Pacific Co. has a 12 month low of $60.37 and a 12 month high of $122.87.

Louisiana-Pacific Dividend Announcement

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

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the business'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 completion of the transaction, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The trade was a 10.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

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.