Two Sigma Advisers LP Sells 44,100 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Two Sigma Advisers LP reduced its position in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 16.4% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 224,900 shares of the building manufacturing company's stock after selling 44,100 shares during the period. Two Sigma Advisers LP owned about 0.32% of Louisiana-Pacific worth $24,168,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. 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 purchasing an additional 97 shares during the last quarter. Gateway Investment Advisers LLC lifted its position in Louisiana-Pacific by 4.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company's stock worth $280,000 after acquiring an additional 99 shares during the last quarter. Hanseatic Management Services Inc. lifted its position 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 acquiring an additional 158 shares during the last quarter. Covestor Ltd lifted its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock worth $46,000 after acquiring an additional 163 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Louisiana-Pacific by 1.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company's stock worth $1,237,000 after acquiring an additional 167 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Price Performance

NYSE:LPX traded up $0.31 during trading hours on Friday, hitting $120.27. 413,484 shares of the stock traded hands, compared to its average volume of 531,176. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 1 year low of $61.25 and a 1 year high of $122.87. The company has a market cap of $8.45 billion, a price-to-earnings ratio of 20.74, a price-to-earnings-growth ratio of 2.84 and a beta of 1.91. The stock has a 50 day moving average price of $108.88 and a 200 day moving average price of $98.22.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.86%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio is presently 17.93%.

Wall Street Analyst Weigh In

LPX has been the subject of several research reports. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Bank of America raised 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. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a report on Wednesday, November 6th. BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a report on Tuesday, November 12th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific currently has an average rating of "Hold" and a consensus price target of $102.22.

Insider Buying and Selling

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the company's 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 transaction, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

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.