Louisiana-Pacific Co. (NYSE:LPX) Shares Bought by Meeder Asset Management Inc.

Meeder Asset Management Inc. grew its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 754.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,089 shares of the building manufacturing company's stock after purchasing an additional 27,450 shares during the quarter. Meeder Asset Management Inc.'s holdings in Louisiana-Pacific were worth $3,341,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co bought a new position in Louisiana-Pacific in the 2nd quarter worth about $590,000. Ensign Peak Advisors Inc increased its holdings in Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company's stock worth $2,917,000 after purchasing an additional 12,950 shares during the period. State Board of Administration of Florida Retirement System increased its holdings in Louisiana-Pacific by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company's stock worth $3,914,000 after purchasing an additional 6,533 shares during the period. Virtu Financial LLC purchased a new stake in shares of Louisiana-Pacific in the 1st quarter worth $827,000. Finally, Sei Investments Co. lifted its holdings in shares of Louisiana-Pacific by 354.7% in the 1st quarter. Sei Investments Co. now owns 42,610 shares of the building manufacturing company's stock worth $3,575,000 after buying an additional 33,239 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Insider Transactions at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the firm's 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 sale, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction dated 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 transaction, the director now directly owns 21,005 shares of the company's stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,400 shares of company stock valued at $3,325,917 in the last 90 days. 1.53% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on LPX shares. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the company a "market perform" rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. TD Securities lifted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. Truist Financial boosted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, StockNews.com cut Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Two equities research 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $102.22.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded down $3.59 during midday trading on Tuesday, reaching $111.69. The company's stock had a trading volume of 730,355 shares, compared to its average volume of 838,284. 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 has a fifty day moving average of $104.99 and a 200 day moving average of $95.52. Louisiana-Pacific Co. has a twelve month low of $60.00 and a twelve month high of $117.59. The firm has a market capitalization of $7.85 billion, a PE ratio of 19.26, a P/E/G ratio of 2.70 and a beta of 1.88.

Louisiana-Pacific Dividend Announcement

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 $0.26 dividend. The ex-dividend date 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%.

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.