Ontario Teachers Pension Plan Board Takes $663,000 Position in Louisiana-Pacific Co. (NYSE:LPX)

Ontario Teachers Pension Plan Board acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,172 shares of the building manufacturing company's stock, valued at approximately $663,000.

Several other hedge funds and other institutional investors have also bought and sold shares of LPX. Diversified Trust Co bought a new position in Louisiana-Pacific in the second quarter valued at approximately $590,000. Ensign Peak Advisors Inc lifted its stake in 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 buying an additional 12,950 shares in the last quarter. Virtu Financial LLC bought a new position in Louisiana-Pacific in the first quarter valued at approximately $827,000. Hsbc Holdings PLC lifted its stake in Louisiana-Pacific by 168.4% in the second quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company's stock valued at $6,546,000 after buying an additional 49,682 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in Louisiana-Pacific by 11.2% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 228,988 shares of the building manufacturing company's stock valued at $18,853,000 after buying an additional 23,039 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Performance

Shares of LPX traded up $1.49 during trading hours on Friday, hitting $115.89. The company had a trading volume of 488,548 shares, compared to its average volume of 833,988. The firm has a market cap of $8.14 billion, a price-to-earnings ratio of 19.79, a PEG ratio of 2.69 and a beta of 1.88. The business has a fifty day moving average of $105.73 and a 200-day moving average of $95.76. Louisiana-Pacific Co. has a 12 month low of $60.27 and a 12 month high of $117.59. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.93%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were 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 approximately $2,064,791.50. This trade represents a 10.64 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm's stock in a transaction that occurred on 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. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

LPX has been the topic of a number of research reports. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. DA Davidson lifted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a report on Tuesday, November 12th. Bank of America boosted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and an average target price of $102.22.

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.