Kingsview Wealth Management LLC Has $2.19 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Kingsview Wealth Management LLC boosted its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 857.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,099 shares of the building manufacturing company's stock after purchasing an additional 18,896 shares during the quarter. Kingsview Wealth Management LLC's holdings in Louisiana-Pacific were worth $2,185,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. FMR LLC lifted its position in Louisiana-Pacific by 25.2% in the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after purchasing an additional 638,058 shares during the last quarter. State Street Corp raised its position in shares of Louisiana-Pacific by 10.8% during the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock worth $231,529,000 after buying an additional 210,113 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock worth $118,895,000 after buying an additional 1,096,804 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Louisiana-Pacific by 32.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company's stock worth $71,192,000 after buying an additional 162,976 shares in the last quarter. Finally, Bamco Inc. NY raised its position in shares of Louisiana-Pacific by 65.7% during the 3rd quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company's stock worth $55,500,000 after buying an additional 204,828 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. The trade was 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 the SEC website. 1.26% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LPX. TD Securities lifted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. DA Davidson lifted 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. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Finally, StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $108.38.

Louisiana-Pacific Trading Up 0.1 %

Shares of Louisiana-Pacific stock traded up $0.10 during trading on Friday, hitting $112.37. The stock had a trading volume of 427,726 shares, compared to its average volume of 580,121. The stock has a 50 day simple moving average of $111.33 and a 200 day simple moving average of $106.17. Louisiana-Pacific Co. has a 1 year low of $66.77 and a 1 year high of $122.87. The company has a market capitalization of $7.89 billion, a PE ratio of 19.37, a P/E/G ratio of 1.42 and a beta of 1.95. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

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.