Meeder Asset Management Inc. Purchases 27,450 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Meeder Asset Management Inc. lifted its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 754.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,089 shares of the building manufacturing company’s stock after purchasing an additional 27,450 shares during the period. Meeder Asset Management Inc.’s holdings in Louisiana-Pacific were worth $3,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific in the 3rd quarter valued at $38,000. GAMMA Investing LLC raised its stake in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after acquiring an additional 177 shares during the period. V Square Quantitative Management LLC acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at $43,000. Finally, Covestor Ltd increased its holdings in shares of 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 during the last quarter. 94.73% of the stock is owned by institutional investors.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the 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 completion of the sale, the director now directly 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 filing with the SEC, which is available through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 5.18 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,400 shares of company stock worth $3,325,917 over the last quarter. Corporate insiders own 1.53% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of LPX stock opened at $115.28 on Tuesday. The business has a fifty day simple moving average of $104.20 and a 200 day simple moving average of $94.97. The company has a market cap of $8.10 billion, a P/E ratio of 19.88, a P/E/G ratio of 2.70 and a beta of 1.88. 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 twelve month low of $60.00 and a twelve month high of $117.59.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Wednesday, November 20th. Louisiana-Pacific’s payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of research reports. Royal Bank of Canada raised 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 boosted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group increased their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Finally, Bank of America upped their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $102.22.

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.