Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 303.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,430 shares of the building manufacturing company's stock after acquiring an additional 26,644 shares during the quarter. HighTower Advisors LLC owned 0.05% of Louisiana-Pacific worth $3,812,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. CWM LLC increased its position in shares of Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company's stock worth $255,000 after acquiring an additional 97 shares during the period. Gateway Investment Advisers LLC grew its stake in Louisiana-Pacific by 4.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company's stock worth $280,000 after purchasing an additional 99 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in Louisiana-Pacific by 23.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company's stock worth $90,000 after purchasing an additional 158 shares during the period. Covestor Ltd raised its position in Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Louisiana-Pacific by 1.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company's stock worth $1,237,000 after buying an additional 167 shares during the period. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 1.5 %

NYSE LPX traded down $1.78 on Thursday, hitting $115.37. The stock had a trading volume of 349,886 shares, compared to its average volume of 816,158. Louisiana-Pacific Co. has a 52-week low of $61.25 and a 52-week high of $122.87. The business's fifty day moving average price is $109.63 and its 200 day moving average price is $98.93. 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 stock has a market cap of $8.10 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 2.90 and a beta of 1.91.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is presently 17.93%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated 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 sale, the director now owns 28,638 shares of the company's stock, 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 business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total value 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.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LPX. Bank of America raised their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a research note on Thursday, September 12th. Truist Financial raised their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. 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. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. Finally, 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 research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $102.22.

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.