Barclays PLC Acquires 6,011 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Barclays PLC increased its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 20.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,089 shares of the building manufacturing company's stock after purchasing an additional 6,011 shares during the quarter. Barclays PLC owned approximately 0.05% of Louisiana-Pacific worth $3,877,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in LPX. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific during the 3rd quarter worth $38,000. V Square Quantitative Management LLC acquired a new stake in Louisiana-Pacific in the third quarter worth about $43,000. Covestor Ltd raised its holdings in Louisiana-Pacific by 61.0% during the 3rd 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 last quarter. First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock valued at $50,000 after purchasing an additional 201 shares during the period. Finally, International Assets Investment Management LLC bought a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $53,000. 94.73% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LPX has been the subject of several recent research reports. Truist Financial upped their target price 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. Royal Bank of Canada upped their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. TD Securities raised their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, The Goldman Sachs Group increased 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $102.22.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now directly owns 18,513 shares of the company's stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now owns 28,638 shares of the company's stock, 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. 1.53% of the stock is owned by corporate insiders.

Louisiana-Pacific Stock Down 0.5 %

Shares of Louisiana-Pacific stock traded down $0.47 on Monday, hitting $103.93. The company had a trading volume of 501,704 shares, compared to its average volume of 818,485. The stock has a 50-day moving average of $109.88 and a 200-day moving average of $99.79. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. Louisiana-Pacific Co. has a twelve month low of $63.76 and a twelve month high of $122.87. The firm has a market capitalization of $7.30 billion, a P/E ratio of 17.92, a P/E/G ratio of 2.82 and a beta of 1.91.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 1.00%. Louisiana-Pacific's dividend payout ratio is currently 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.