National Bank of Canada FI Has $1.99 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

National Bank of Canada FI lifted its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 2,916.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 18,523 shares of the building manufacturing company's stock after acquiring an additional 17,909 shares during the quarter. National Bank of Canada FI's holdings in Louisiana-Pacific were worth $1,990,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LPX. Harbor Capital Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at approximately $43,000. Covestor Ltd lifted its stake 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 acquiring an additional 163 shares in the last quarter. First Horizon Advisors Inc. increased its stake 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 worth $50,000 after buying an additional 201 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in Louisiana-Pacific during the 2nd quarter worth $53,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on LPX shares. BMO Capital Markets upped their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a 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 company a "buy" rating in a research report on Tuesday, October 15th. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research report on Wednesday, November 6th. Finally, DA Davidson increased their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday, November 6th. Two 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $102.22.

Louisiana-Pacific Trading Down 2.3 %

NYSE LPX traded down $2.60 during mid-day trading on Friday, reaching $112.83. 388,574 shares of the stock were exchanged, compared to its average volume of 814,383. The business's fifty day simple moving average is $109.77 and its 200 day simple moving average is $99.09. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock has a market capitalization of $7.93 billion, a PE ratio of 19.45, a PEG ratio of 2.82 and a beta of 1.91. Louisiana-Pacific Co. has a 1-year low of $63.76 and a 1-year high of $122.87.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 17.93%.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now directly owns 28,638 shares of the company's stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company's stock.

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.