Tidal Investments LLC Has $3.08 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Tidal Investments LLC boosted its stake in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 35.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 28,623 shares of the building manufacturing company's stock after buying an additional 7,419 shares during the period. Tidal Investments LLC's holdings in Louisiana-Pacific were worth $3,076,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of LPX. CWM LLC lifted its stake in Louisiana-Pacific by 4.3% in the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company's stock valued at $255,000 after acquiring an additional 97 shares in the last quarter. Gateway Investment Advisers LLC lifted its position in shares of Louisiana-Pacific by 4.0% in the third 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 Louisiana-Pacific by 23.3% during the third quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company's stock worth $90,000 after purchasing an additional 158 shares during the last quarter. Covestor Ltd grew its position in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Louisiana-Pacific by 1.1% in the 2nd 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 last quarter. Institutional investors own 94.73% of the company's stock.

Wall Street Analyst Weigh In

LPX has been the subject of a number of recent research reports. The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. DA Davidson upped their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. StockNews.com downgraded Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Truist Financial upped their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a "market perform" rating in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $102.22.

Louisiana-Pacific Stock Performance

LPX stock traded down $2.60 during midday trading on Friday, reaching $112.83. 388,574 shares of the company were exchanged, compared to its average volume of 814,383. Louisiana-Pacific Co. has a one year low of $63.76 and a one year high of $122.87. The firm has a market capitalization of $7.93 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.82 and a beta of 1.91. The business has a 50-day moving average price of $109.77 and a two-hundred day moving average price of $99.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were paid a $0.26 dividend. 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 0.92%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The trade was a 10.64 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company's stock.

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.