Cerity Partners LLC Has $8.63 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Cerity Partners LLC increased its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 119.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,336 shares of the building manufacturing company's stock after acquiring an additional 43,717 shares during the period. Cerity Partners LLC owned approximately 0.11% of Louisiana-Pacific worth $8,633,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. William Blair Investment Management LLC acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at about $91,053,000. Pacer Advisors Inc. boosted its holdings in Louisiana-Pacific by 11,417.9% during the third 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. Marshall Wace LLP grew its position in Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock worth $103,363,000 after buying an additional 602,803 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Louisiana-Pacific by 188.3% in the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company's stock valued at $36,834,000 after buying an additional 292,200 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Louisiana-Pacific by 768.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company's stock valued at $22,257,000 after acquiring an additional 239,212 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the firm'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 value of $34,023.00. Following the transaction, the director now directly owns 28,638 shares of the company's stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company'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 value of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company's stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is owned by insiders.

Louisiana-Pacific Stock Down 2.0 %

Shares of NYSE LPX traded down $2.34 during trading hours on Wednesday, hitting $116.62. The stock had a trading volume of 427,712 shares, compared to its average volume of 831,407. The firm's 50-day moving average price is $106.87 and its two-hundred day moving average price is $96.73. Louisiana-Pacific Co. has a 52 week low of $60.27 and a 52 week high of $122.87. The company has a market capitalization of $8.19 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.90 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.89%. Louisiana-Pacific's dividend payout ratio (DPR) is 17.93%.

Analysts Set New Price Targets

LPX has been the subject of several analyst reports. Bank of America upped their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. Truist Financial raised their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. StockNews.com cut Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, Royal Bank of Canada increased their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of "Hold" and an average price target 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.