Segall Bryant & Hamill LLC Lowers Position in Louisiana-Pacific Co. (NYSE:LPX)

Segall Bryant & Hamill LLC lessened its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 47.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 158,825 shares of the building manufacturing company's stock after selling 145,585 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.23% of Louisiana-Pacific worth $17,067,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of LPX. Sei Investments Co. increased its stake in Louisiana-Pacific by 354.7% during the 1st quarter. Sei Investments Co. now owns 42,610 shares of the building manufacturing company's stock valued at $3,575,000 after purchasing an additional 33,239 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Louisiana-Pacific by 22.4% during the first quarter. Acadian Asset Management LLC now owns 4,502 shares of the building manufacturing company's stock worth $376,000 after acquiring an additional 824 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in shares of Louisiana-Pacific in the 1st quarter worth about $216,000. Bessemer Group Inc. lifted its position in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock valued at $37,000 after acquiring an additional 318 shares in the last quarter. Finally, Westwood Holdings Group Inc. acquired a new position in Louisiana-Pacific during the 1st quarter valued at about $15,649,000. Institutional investors own 94.73% of the company's stock.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction 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 sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm's 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 completion of the transaction, the director now owns 21,005 shares of the company's stock, valued at approximately $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.

Analyst Upgrades and Downgrades

LPX has been the topic of a number of recent research reports. The Goldman Sachs Group raised their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Bank of America lifted their price objective 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. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" 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 stock a "buy" rating in a report on Tuesday, October 15th. Finally, StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and an average target price of $102.22.

Louisiana-Pacific Trading Down 0.0 %

Shares of LPX stock opened at $111.39 on Thursday. 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 firm has a market cap of $7.82 billion, a P/E ratio of 19.21, a PEG ratio of 2.69 and a beta of 1.88. The company has a 50 day moving average of $105.33 and a 200-day moving average of $95.63. Louisiana-Pacific Co. has a 12-month low of $60.00 and a 12-month high of $117.59.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is currently 17.93%.

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.