Wedge Capital Management L L P NC Cuts Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Wedge Capital Management L L P NC cut its position in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 21.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 58,737 shares of the building manufacturing company's stock after selling 16,413 shares during the quarter. Wedge Capital Management L L P NC owned approximately 0.08% of Louisiana-Pacific worth $6,082,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in LPX. Ritholtz Wealth Management grew its position in Louisiana-Pacific by 65.0% during the fourth quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company's stock valued at $764,000 after buying an additional 2,907 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in Louisiana-Pacific by 34.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,197 shares of the building manufacturing company's stock valued at $331,000 after purchasing an additional 814 shares during the last quarter. Burney Co. grew its holdings in Louisiana-Pacific by 13.3% during the fourth quarter. Burney Co. now owns 2,963 shares of the building manufacturing company's stock valued at $307,000 after purchasing an additional 347 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of Louisiana-Pacific by 46.4% in the fourth quarter. Assenagon Asset Management S.A. now owns 33,617 shares of the building manufacturing company's stock valued at $3,481,000 after buying an additional 10,662 shares during the period. Finally, Miracle Mile Advisors LLC lifted its position in shares of Louisiana-Pacific by 269.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock valued at $4,318,000 after buying an additional 30,418 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Insider Transactions at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the business's stock in a transaction on Tuesday, November 12th. The shares were 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 approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Truist Financial upped their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a report on Monday, January 6th. DA Davidson raised their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Finally, The Goldman Sachs Group lifted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $108.38.

Louisiana-Pacific Trading Down 0.6 %

Shares of Louisiana-Pacific stock traded down $0.70 during trading on Friday, reaching $114.85. 827,135 shares of the stock were exchanged, compared to its average volume of 585,953. Louisiana-Pacific Co. has a 1 year low of $63.76 and a 1 year high of $122.87. The firm has a market cap of $8.07 billion, a price-to-earnings ratio of 19.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.94. 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 stock's fifty day moving average is $111.41 and its 200 day moving average is $102.56.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.91%. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.93%.

Louisiana-Pacific 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.