Miracle Mile Advisors LLC Grows Position in Louisiana-Pacific Co. (NYSE:LPX)

Miracle Mile Advisors LLC grew its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 269.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,698 shares of the building manufacturing company's stock after purchasing an additional 30,418 shares during the quarter. Miracle Mile Advisors LLC owned approximately 0.06% of Louisiana-Pacific worth $4,318,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC bought a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at about $43,000. Covestor Ltd grew its stake in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock worth $46,000 after purchasing an additional 163 shares during the period. Finally, First Horizon Advisors Inc. lifted its stake in Louisiana-Pacific by 77.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock valued at $50,000 after buying an additional 201 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Up 3.3 %

Shares of Louisiana-Pacific stock traded up $3.49 on Tuesday, hitting $109.19. The company had a trading volume of 620,846 shares, compared to its average volume of 670,442. Louisiana-Pacific Co. has a 1 year low of $63.76 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. The stock has a 50 day moving average of $111.07 and a 200-day moving average of $101.68. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 18.83, a P/E/G ratio of 2.72 and a beta of 1.94.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.93%.

Insider Buying and Selling

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company's stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction 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. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. 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 increased their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. DA Davidson boosted their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $108.38.

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.