Strong Tower Advisory Services Buys 340 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Strong Tower Advisory Services grew its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 0.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,432 shares of the building manufacturing company’s stock after buying an additional 340 shares during the period. Louisiana-Pacific accounts for approximately 1.6% of Strong Tower Advisory Services’ portfolio, making the stock its 20th largest holding. Strong Tower Advisory Services’ holdings in Louisiana-Pacific were worth $6,154,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Louisiana-Pacific by 11,417.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after purchasing an additional 1,096,804 shares in the last quarter. FMR LLC increased its holdings in shares of Louisiana-Pacific by 25.2% in the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock worth $340,427,000 after purchasing an additional 638,058 shares during the period. Marshall Wace LLP raised its position in shares of Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after buying an additional 602,803 shares in the last quarter. State Street Corp boosted its stake in Louisiana-Pacific by 10.8% during the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock valued at $231,529,000 after buying an additional 210,113 shares during the period. Finally, Bamco Inc. NY grew its position in Louisiana-Pacific by 65.7% during the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock worth $55,500,000 after buying an additional 204,828 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Down 0.6 %

Shares of NYSE:LPX opened at $114.85 on Monday. The stock has a market capitalization of $8.07 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.94. The stock’s 50-day moving average price is $111.41 and its 200-day moving average price is $102.56. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $63.76 and a 12-month high of $122.87.

Louisiana-Pacific Announces Dividend

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

Analysts Set New Price Targets

Several analysts have weighed in on LPX shares. BMO Capital Markets raised their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. 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. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Truist Financial lifted their price objective 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. Finally, Royal Bank of Canada increased their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $108.38.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the transaction, the director now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.53% 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.