Thompson Siegel & Walmsley LLC Has $6.96 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Thompson Siegel & Walmsley LLC decreased its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 79.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,755 shares of the building manufacturing company's stock after selling 254,670 shares during the period. Thompson Siegel & Walmsley LLC owned about 0.09% of Louisiana-Pacific worth $6,959,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LPX. Bessemer Group Inc. increased its position in shares of Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock worth $37,000 after acquiring an additional 318 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific during the 3rd quarter worth approximately $38,000. GAMMA Investing LLC raised its position 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 valued at $40,000 after purchasing an additional 177 shares in the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific during the 3rd quarter valued at approximately $43,000. Finally, Covestor Ltd grew its position in shares of 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 buying an additional 163 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on LPX. Truist Financial lifted their target price on 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 lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Bank of America increased their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a report on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and an average price target of $102.22.

Louisiana-Pacific Trading Up 1.3 %

LPX traded up $1.52 during midday trading on Friday, reaching $115.92. 488,548 shares of the company were exchanged, compared to its average volume of 833,988. The stock's 50-day simple moving average is $105.73 and its 200 day simple moving average is $95.76. Louisiana-Pacific Co. has a one year low of $60.27 and a one year high of $117.59. The stock has a market capitalization of $8.14 billion, a P/E ratio of 19.79, a PEG ratio of 2.69 and a beta of 1.88. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.90%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.93%.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 of the company's stock, valued at $3,247,835.58. This represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm's 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 sale, the director now directly 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. 1.26% of the stock is owned by corporate insiders.

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.