Pacer Advisors Inc. Has $118.90 Million Stock Position in Louisiana-Pacific Co. (NYSE:LPX)

Pacer Advisors Inc. lifted its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 11,417.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,106,410 shares of the building manufacturing company's stock after buying an additional 1,096,804 shares during the period. Pacer Advisors Inc. owned about 1.58% of Louisiana-Pacific worth $118,895,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC boosted its stake in shares of Louisiana-Pacific by 4.3% during the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company's stock worth $255,000 after buying an additional 97 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in shares of Louisiana-Pacific by 4.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company's stock worth $280,000 after purchasing an additional 99 shares in the last quarter. Hanseatic Management Services Inc. boosted its holdings in shares of Louisiana-Pacific by 23.3% in the 3rd quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company's stock valued at $90,000 after buying an additional 158 shares during the last quarter. Covestor Ltd raised its holdings in shares of Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after purchasing an additional 163 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company's stock valued at $1,237,000 after buying an additional 167 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Up 1.3 %

NYSE:LPX traded up $1.52 during trading hours on Friday, hitting $115.92. 488,548 shares of the company were exchanged, compared to its average volume of 833,988. The company has a fifty day simple moving average of $105.73 and a 200 day simple moving average of $95.76. Louisiana-Pacific Co. has a one year low of $60.27 and a one year high of $117.59. The stock has a market capitalization of $8.14 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.69 and a beta of 1.88. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.90%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 17.93%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction 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 transaction, the director now directly owns 21,005 shares of the company's stock, valued at $2,064,791.50. This represents a 10.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific 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 completion of the sale, the director now directly owns 28,638 shares of the company's stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

Analyst Upgrades and Downgrades

LPX has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. StockNews.com downgraded Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Bank of America increased 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, TD Securities lifted their price target 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. Two 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. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $102.22.

Louisiana-Pacific 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.