Pacer Advisors Inc. Sells 1,091,234 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Pacer Advisors Inc. reduced its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 98.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,176 shares of the building manufacturing company's stock after selling 1,091,234 shares during the quarter. Pacer Advisors Inc.'s holdings in Louisiana-Pacific were worth $1,571,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LPX. UMB Bank n.a. raised its stake in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock valued at $33,000 after purchasing an additional 158 shares in the last quarter. Versant Capital Management Inc raised its holdings in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific during the third quarter valued at $43,000. Finally, Covestor Ltd grew its stake in Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the 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 completion of the transaction, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. 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 LPX traded up $1.36 during mid-day trading on Wednesday, hitting $117.98. 539,935 shares of the company's stock were exchanged, compared to its average volume of 603,671. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.95. Louisiana-Pacific Co. has a 52 week low of $64.61 and a 52 week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The stock's 50-day simple moving average is $111.94 and its 200-day simple moving average is $105.29.

Analysts Set New Price Targets

Several analysts have commented on LPX shares. DA Davidson boosted their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. StockNews.com cut Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Truist Financial boosted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $108.38.

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.