First Horizon Advisors Inc. Purchases 201 Shares of Louisiana-Pacific Co. (NYSE:LPX)

First Horizon Advisors Inc. boosted its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 77.3% in the third quarter, Holdings Channel reports. The institutional investor owned 461 shares of the building manufacturing company’s stock after buying an additional 201 shares during the period. First Horizon Advisors Inc.’s holdings in Louisiana-Pacific were worth $50,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LPX. Acadian Asset Management LLC raised its position in Louisiana-Pacific by 22.4% during the 1st quarter. Acadian Asset Management LLC now owns 4,502 shares of the building manufacturing company’s stock worth $376,000 after purchasing an additional 824 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new position in shares of Louisiana-Pacific in the first quarter worth approximately $216,000. Bessemer Group Inc. lifted its stake in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after acquiring an additional 318 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Louisiana-Pacific by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock valued at $146,026,000 after acquiring an additional 177,132 shares during the last quarter. Finally, Bayesian Capital Management LP increased its position in Louisiana-Pacific by 22.0% during the 1st quarter. Bayesian Capital Management LP now owns 5,000 shares of the building manufacturing company’s stock valued at $420,000 after purchasing an additional 900 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 10.64 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction dated 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 sale, 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. 1.26% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on LPX. Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. DA Davidson upped their price target 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. Truist Financial increased their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Royal Bank of Canada boosted 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. Finally, StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given 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 price target of $102.22.

Louisiana-Pacific Stock Up 1.3 %

LPX stock opened at $115.89 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. Louisiana-Pacific Co. has a fifty-two week low of $60.27 and a fifty-two week high of $117.59. The stock’s 50 day simple moving average is $106.09 and its 200 day simple moving average is $96.27. The company has a market cap of $8.14 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 2.76 and a beta of 1.88.

Louisiana-Pacific Announces Dividend

The firm 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. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

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.