Symphony Financial Ltd. Co. Acquires Shares of 2,500 Louisiana-Pacific Co. (NYSE:LPX)

Symphony Financial Ltd. Co. acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,500 shares of the building manufacturing company's stock, valued at approximately $259,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LPX. Creative Planning raised its position in shares of Louisiana-Pacific by 5.7% in the 2nd quarter. Creative Planning now owns 9,162 shares of the building manufacturing company's stock worth $754,000 after buying an additional 497 shares during the period. Truist Financial Corp grew its stake in Louisiana-Pacific by 8.1% during the second quarter. Truist Financial Corp now owns 109,742 shares of the building manufacturing company's stock worth $9,035,000 after buying an additional 8,177 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Louisiana-Pacific in the second quarter worth $1,268,000. SG Americas Securities LLC increased its holdings in Louisiana-Pacific by 220.7% in the 3rd quarter. SG Americas Securities LLC now owns 5,945 shares of the building manufacturing company's stock valued at $639,000 after purchasing an additional 4,091 shares in the last quarter. Finally, CWM LLC lifted its holdings in Louisiana-Pacific by 4.3% in 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 in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. TD Securities increased their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a "market perform" rating in a report on Tuesday, November 12th. DA Davidson raised their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research note on Wednesday, November 6th. Finally, Royal Bank of Canada increased their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $108.38.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.53% of the company's stock.

Louisiana-Pacific Stock Up 1.1 %

Shares of Louisiana-Pacific stock traded up $1.32 during trading on Wednesday, reaching $117.94. The stock had a trading volume of 201,035 shares, compared to its average volume of 588,308. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of 20.29, a P/E/G ratio of 1.41 and a beta of 1.95. Louisiana-Pacific Co. has a 52 week low of $64.61 and a 52 week high of $122.87. The stock has a fifty day moving average price of $111.91 and a two-hundred day moving average price of $105.20.

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.