Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 33.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 38,468 shares of the building manufacturing company's stock after buying an additional 9,735 shares during the quarter. Van ECK Associates Corp owned 0.05% of Louisiana-Pacific worth $3,849,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its position in Louisiana-Pacific by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company's stock worth $18,045,000 after buying an additional 7,367 shares during the period. Diversified Trust Co acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at approximately $590,000. Ensign Peak Advisors Inc grew its position in shares of Louisiana-Pacific by 57.6% in the second quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company's stock valued at $2,917,000 after purchasing an additional 12,950 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Louisiana-Pacific by 16.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company's stock valued at $3,914,000 after purchasing an additional 6,533 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at approximately $827,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LPX. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday. DA Davidson increased 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. Truist Financial increased 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. StockNews.com downgraded shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday. Finally, TD Securities upped their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $101.78.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock traded up $2.81 during trading hours on Friday, reaching $111.63. The company's stock had a trading volume of 778,122 shares, compared to its average volume of 779,595. The company's 50 day simple moving average is $102.40 and its 200 day simple moving average is $93.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 2.92. Louisiana-Pacific Co. has a one year low of $57.13 and a one year high of $113.04. The stock has a market cap of $7.84 billion, a P/E ratio of 19.25, a price-to-earnings-growth ratio of 4.79 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. The company's revenue for the quarter was up 33.2% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. As a group, analysts expect that Louisiana-Pacific Co. will post 5.29 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.93%. Louisiana-Pacific's dividend payout ratio is presently 17.93%.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated 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 $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % 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 the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

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.