Healthcare of Ontario Pension Plan Trust Fund Has $2.26 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Healthcare of Ontario Pension Plan Trust Fund lifted its stake in Louisiana-Pacific Co. (NYSE:LPX) by 36.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,045 shares of the building manufacturing company’s stock after purchasing an additional 5,645 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Louisiana-Pacific were worth $2,261,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Tidal Investments LLC purchased a new position in shares of Louisiana-Pacific in the first quarter worth approximately $413,000. Swedbank AB purchased a new position in Louisiana-Pacific during the 1st quarter worth approximately $777,000. Burney Co. acquired a new stake in Louisiana-Pacific during the 1st quarter valued at $229,000. Cetera Advisors LLC acquired a new stake in Louisiana-Pacific during the 1st quarter valued at $400,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 1.3 %

LPX stock opened at $118.20 on Friday. The firm has a market cap of $8.30 billion, a PE ratio of 20.38, a PEG ratio of 2.81 and a beta of 1.88. Louisiana-Pacific Co. has a 1 year low of $60.37 and a 1 year high of $122.87. The company has a fifty day simple moving average of $107.68 and a 200 day simple moving average of $97.27. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.88%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This represents a 10.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction 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 completion of the transaction, 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 disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Analyst Ratings Changes

LPX has been the topic of several recent analyst reports. TD Securities upped their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Truist Financial increased their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Bank of America raised their price target 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. The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.22.

About Louisiana-Pacific

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.