Janus Henderson Group PLC Increases Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Janus Henderson Group PLC boosted its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 142.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 75,522 shares of the building manufacturing company's stock after buying an additional 44,318 shares during the period. Janus Henderson Group PLC owned 0.11% of Louisiana-Pacific worth $8,114,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LPX. Cetera Advisors LLC purchased a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $400,000. GAMMA Investing LLC lifted its holdings in shares of Louisiana-Pacific by 57.3% during the second 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 during the last quarter. CWM LLC lifted its holdings in shares of Louisiana-Pacific by 9.0% during the second quarter. CWM LLC now owns 2,279 shares of the building manufacturing company's stock valued at $188,000 after purchasing an additional 188 shares during the last quarter. Gateway Investment Advisers LLC purchased a new position in shares of Louisiana-Pacific during the second quarter valued at approximately $206,000. Finally, Friedenthal Financial purchased a new position in shares of Louisiana-Pacific during the second quarter valued at approximately $708,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LPX. StockNews.com downgraded shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Truist Financial raised their price target 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. DA Davidson raised their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a "market perform" rating in a research report on Tuesday, November 12th. Finally, TD Securities raised their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Two investment 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. Based on data from MarketBeat.com, Louisiana-Pacific currently has an average rating of "Hold" and a consensus target price of $102.22.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock traded down $1.59 on Monday, hitting $118.68. 600,306 shares of the company's stock were exchanged, compared to its average volume of 820,670. The company has a 50-day simple moving average of $109.11 and a 200-day simple moving average of $98.50. The stock has a market capitalization of $8.34 billion, a PE ratio of 20.46, a PEG ratio of 2.90 and a beta of 1.91. Louisiana-Pacific Co. has a 1 year low of $61.25 and a 1 year high of $122.87. 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 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 was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is presently 17.93%.

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.