Louisiana-Pacific Co. (NYSE:LPX) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its stake in Louisiana-Pacific Co. (NYSE:LPX) by 119.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,336 shares of the building manufacturing company’s stock after purchasing an additional 43,717 shares during the period. Cerity Partners LLC owned approximately 0.11% of Louisiana-Pacific worth $8,633,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Marshall Wace LLP grew its stake 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 valued at $103,363,000 after buying an additional 602,803 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Louisiana-Pacific by 11,417.9% during the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after purchasing an additional 1,096,804 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Louisiana-Pacific during the second quarter worth $91,053,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Louisiana-Pacific by 32.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock valued at $71,192,000 after purchasing an additional 162,976 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after purchasing an additional 292,200 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $118.96 on Wednesday. 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 firm’s 50-day moving average price is $106.51 and its two-hundred day moving average price is $96.51. Louisiana-Pacific Co. has a 52-week low of $60.27 and a 52-week high of $122.87. The stock has a market capitalization of $8.36 billion, a P/E ratio of 20.51, a P/E/G ratio of 2.79 and a beta of 1.88.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 17.93%.

Insider Activity at Louisiana-Pacific

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 transaction of $245,750.00. Following the sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of analyst reports. DA Davidson upped their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price objective 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. TD Securities lifted their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Truist Financial increased their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada boosted their target price 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. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.