15,400 Shares in Louisiana-Pacific Co. (NYSE:LPX) Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 15,400 shares of the building manufacturing company's stock, valued at approximately $1,268,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KBC Group NV grew its stake in Louisiana-Pacific by 28.1% in the 4th quarter. KBC Group NV now owns 5,529 shares of the building manufacturing company's stock worth $392,000 after acquiring an additional 1,214 shares in the last quarter. Eminence Capital LP raised its position in Louisiana-Pacific by 31.4% during the 4th quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company's stock valued at $145,697,000 after purchasing an additional 491,641 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Louisiana-Pacific by 16,827.7% in the 4th quarter. Balyasny Asset Management L.P. now owns 717,059 shares of the building manufacturing company's stock worth $50,789,000 after buying an additional 712,823 shares during the period. Southernsun Asset Management LLC grew its position in shares of Louisiana-Pacific by 14.5% during the 4th quarter. Southernsun Asset Management LLC now owns 576,677 shares of the building manufacturing company's stock worth $40,846,000 after buying an additional 72,911 shares in the last quarter. Finally, Appian Way Asset Management LP bought a new stake in shares of Louisiana-Pacific in the fourth quarter valued at about $3,357,000. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred 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 completion of the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock worth $3,368,774 over the last three months. Insiders own 1.26% of the company's stock.

Louisiana-Pacific Stock Performance

LPX stock traded down $1.26 during trading on Tuesday, hitting $106.95. 616,752 shares of the company traded hands, compared to its average volume of 856,386. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The company has a market cap of $7.67 billion, a PE ratio of 29.38, a P/E/G ratio of 4.95 and a beta of 1.88. The stock's 50-day simple moving average is $98.45 and its 200 day simple moving average is $89.38. Louisiana-Pacific Co. has a 1 year low of $49.47 and a 1 year high of $109.73.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to analysts' expectations of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. Louisiana-Pacific's quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 EPS. On average, equities analysts expect that Louisiana-Pacific Co. will post 5.04 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 28.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LPX. StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Truist Financial restated a "buy" rating and set a $105.00 price objective (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. DA Davidson boosted their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, June 14th. The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a research report on Thursday, August 8th. Finally, Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $92.67.

Louisiana-Pacific Company 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.