Louisiana-Pacific Co. (NYSE:LPX) Stock Holdings Lifted by KBC Group NV

KBC Group NV grew its position in Louisiana-Pacific Co. (NYSE:LPX) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,758 shares of the building manufacturing company’s stock after purchasing an additional 316 shares during the period. KBC Group NV’s holdings in Louisiana-Pacific were worth $834,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Louisiana-Pacific by 4.3% in the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock valued at $255,000 after buying an additional 97 shares in the last quarter. Gateway Investment Advisers LLC grew its position in Louisiana-Pacific by 4.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock worth $280,000 after acquiring an additional 99 shares in the last quarter. Hanseatic Management Services Inc. increased its stake in shares of Louisiana-Pacific by 23.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company’s stock worth $90,000 after purchasing an additional 158 shares during the last quarter. Covestor Ltd raised its holdings in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Louisiana-Pacific by 1.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock valued at $1,237,000 after purchasing an additional 167 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, 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 value of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The trade was a 5.18 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 10.64 % decrease in their ownership of the stock. 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 three months. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $115.28 on Tuesday. The firm has a fifty day moving average price of $104.20 and a two-hundred day moving average price of $94.97. Louisiana-Pacific Co. has a fifty-two week low of $60.00 and a fifty-two week high of $117.59. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The company has a market cap of $8.10 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 2.70 and a beta of 1.88.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Analysts Set New Price Targets

LPX has been the topic of several analyst reports. Bank of America increased their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Truist Financial increased their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock 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.