Charles Schwab Investment Management Inc. Purchases 162,976 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Charles Schwab Investment Management Inc. increased its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 662,496 shares of the building manufacturing company's stock after purchasing an additional 162,976 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of Louisiana-Pacific worth $71,192,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific during the 3rd quarter worth $38,000. GAMMA Investing LLC boosted its holdings in shares of Louisiana-Pacific by 57.3% in the 2nd 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 position in shares of Louisiana-Pacific during the 3rd quarter valued at about $43,000. Covestor Ltd lifted its position 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 buying an additional 163 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 77.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock worth $50,000 after buying an additional 201 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insider Transactions at Louisiana-Pacific

In related 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 value 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 transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now 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. Corporate insiders own 1.26% of the company's stock.

Louisiana-Pacific Trading Up 1.5 %

Shares of NYSE:LPX traded up $1.72 on Friday, hitting $118.36. The company had a trading volume of 230,384 shares, compared to its average volume of 828,805. The firm's 50-day simple moving average is $107.43 and its two-hundred day simple moving average is $97.01. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 20.11, a P/E/G ratio of 2.81 and a beta of 1.88. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 1 year low of $60.37 and a 1 year high of $122.87.

Louisiana-Pacific Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have commented on the stock. StockNews.com downgraded shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Royal Bank of Canada boosted their price target 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. DA Davidson raised their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, November 6th. Truist Financial boosted their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Finally, TD Securities raised their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $102.22.

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.