Charles Schwab Investment Management Inc. Grows Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Charles Schwab Investment Management Inc. lifted its position in Louisiana-Pacific Co. (NYSE:LPX) by 32.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 662,496 shares of the building manufacturing company’s stock after buying an additional 162,976 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Louisiana-Pacific were worth $71,192,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Diversified Trust Co purchased a new stake in Louisiana-Pacific during the second quarter worth about $590,000. Ensign Peak Advisors Inc increased its stake in Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock worth $2,917,000 after buying an additional 12,950 shares during the period. Virtu Financial LLC acquired a new stake in Louisiana-Pacific during the 1st quarter worth approximately $827,000. Hsbc Holdings PLC boosted its position in Louisiana-Pacific by 168.4% in the 2nd quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company’s stock valued at $6,546,000 after buying an additional 49,682 shares during the period. Finally, Emerald Mutual Fund Advisers Trust grew its stake in shares of Louisiana-Pacific by 11.2% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 228,988 shares of the building manufacturing company’s stock worth $18,853,000 after acquiring an additional 23,039 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $116.64 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. Louisiana-Pacific Co. has a 12 month low of $60.27 and a 12 month high of $122.87. The firm has a market capitalization of $8.19 billion, a P/E ratio of 20.11, a P/E/G ratio of 2.90 and a beta of 1.88. The company’s fifty day moving average price is $107.18 and its 200 day moving average price is $96.87.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.89%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on LPX shares. Truist Financial increased their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets lifted 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. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, Bank of America increased their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $102.22.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value 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. The trade was a 10.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the 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 sale, the director now owns 28,638 shares of the company’s stock, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by company insiders.

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.