Louisiana-Pacific Co. (NYSE:LPX) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC grew its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 114.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,510 shares of the building manufacturing company’s stock after purchasing an additional 3,478 shares during the quarter. Metis Global Partners LLC’s holdings in Louisiana-Pacific were worth $700,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of LPX. Bessemer Group Inc. boosted its stake in Louisiana-Pacific by 258.5% during the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after purchasing an additional 318 shares during the period. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific during the third quarter valued at approximately $38,000. GAMMA Investing LLC raised its holdings in shares of Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after buying an additional 177 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Louisiana-Pacific during the third quarter worth approximately $43,000. Finally, Covestor Ltd grew its holdings in Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.4 %

Shares of NYSE:LPX opened at $111.97 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock has a market capitalization of $7.86 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.70 and a beta of 1.88. Louisiana-Pacific Co. has a 1-year low of $60.00 and a 1-year high of $114.33. The company has a 50 day moving average price of $104.20 and a 200 day moving average price of $94.97.

Louisiana-Pacific Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s payout ratio is 17.93%.

Insider Transactions at Louisiana-Pacific

In other news, 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 transaction of $34,023.00. Following the sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents 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 valued at $3,325,917 over the last three months. Company insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. TD Securities boosted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. DA Davidson increased their target price 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 boosted their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada increased their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.