Quantbot Technologies LP Sells 8,931 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Quantbot Technologies LP reduced its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 50.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,664 shares of the building manufacturing company's stock after selling 8,931 shares during the period. Quantbot Technologies LP's holdings in Louisiana-Pacific were worth $931,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Tidal Investments LLC acquired a new position in Louisiana-Pacific during the 1st quarter valued at about $413,000. Swedbank AB acquired a new stake in shares of Louisiana-Pacific in the 1st quarter valued at $777,000. Burney Co. bought a new position in shares of Louisiana-Pacific in the first quarter worth about $229,000. Cetera Advisors LLC acquired a new stake in Louisiana-Pacific during the 1st quarter worth $400,000. Finally, GAMMA Investing LLC grew its stake 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 worth $40,000 after purchasing an additional 177 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. DA Davidson boosted their price objective 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. Truist Financial boosted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. StockNews.com downgraded shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. TD Securities increased their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $102.22.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction 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 completion of the sale, the director now directly owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. This trade represents a 10.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business's stock in a transaction dated 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 owns 28,638 shares of the company's stock, 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.

Louisiana-Pacific Stock Down 0.2 %

Shares of LPX traded down $0.20 during midday trading on Monday, reaching $118.00. 370,010 shares of the company were exchanged, compared to its average volume of 826,631. The company has a market cap of $8.29 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 2.85 and a beta of 1.88. Louisiana-Pacific Co. has a 1-year low of $61.25 and a 1-year high of $122.87. The stock has a 50-day moving average price of $107.68 and a 200-day moving average price of $97.31. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 17.93%.

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.