Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. grew its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 104.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,000 shares of the building manufacturing company's stock after acquiring an additional 17,400 shares during the period. Polar Asset Management Partners Inc.'s holdings in Louisiana-Pacific were worth $3,654,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the company. Diversified Trust Co bought a new position in shares of Louisiana-Pacific in the 2nd quarter worth $590,000. Ensign Peak Advisors Inc increased its holdings in shares of Louisiana-Pacific by 57.6% during 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 acquiring an additional 12,950 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Louisiana-Pacific by 168.4% in the 2nd quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company's stock valued at $6,546,000 after purchasing an additional 49,682 shares during the last quarter. Empowered Funds LLC boosted its stake in Louisiana-Pacific by 238.1% in the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company's stock worth $2,136,000 after purchasing an additional 14,001 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Louisiana-Pacific by 11.2% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 228,988 shares of the building manufacturing company's stock valued at $18,853,000 after purchasing an additional 23,039 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Up 1.9 %

NYSE LPX traded up $2.21 during trading on Thursday, hitting $119.96. The stock had a trading volume of 479,206 shares, compared to its average volume of 823,342. 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 company has a market capitalization of $8.43 billion, a PE ratio of 20.68, a PEG ratio of 2.82 and a beta of 1.91. The firm has a 50 day moving average price of $108.62 and a 200 day moving average price of $97.99. Louisiana-Pacific Co. has a twelve month low of $61.25 and a twelve month high of $122.87.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.87%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.93%.

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 $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business'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 $3,247,835.58. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

LPX has been the topic of a number of research analyst reports. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. Bank of America raised their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 12th. Truist Financial raised their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. 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 research note on Tuesday, November 12th. Finally, TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $102.22.

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.