Louisiana-Pacific Co. (NYSE:LPX) is Southernsun Asset Management LLC’s 5th Largest Position

Southernsun Asset Management LLC cut its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 10.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 478,906 shares of the building manufacturing company’s stock after selling 57,760 shares during the period. Louisiana-Pacific makes up 6.1% of Southernsun Asset Management LLC’s investment portfolio, making the stock its 5th largest position. Southernsun Asset Management LLC’s holdings in Louisiana-Pacific were worth $51,463,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific during the third quarter valued at $38,000. GAMMA Investing LLC lifted its stake in Louisiana-Pacific by 57.3% during 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 purchased a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at about $43,000. Covestor Ltd grew its stake 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 worth $46,000 after acquiring an additional 163 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction that occurred on 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 position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Stock Up 1.9 %

Shares of LPX stock opened at $119.96 on Friday. 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 Co. has a one year low of $61.25 and a one year high of $122.87. The company’s fifty day moving average price is $108.62 and its 200-day moving average price is $97.99. The company has a market capitalization of $8.43 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 2.82 and a beta of 1.91.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on LPX. The Goldman Sachs Group raised their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Truist Financial lifted 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. TD Securities increased their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, Bank of America increased their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.22.

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.