Bamco Inc. NY Has $55.50 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Bamco Inc. NY grew its stake in Louisiana-Pacific Co. (NYSE:LPX) by 65.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 516,472 shares of the building manufacturing company’s stock after acquiring an additional 204,828 shares during the period. Bamco Inc. NY’s holdings in Louisiana-Pacific were worth $55,500,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock worth $340,427,000 after purchasing an additional 638,058 shares in the last quarter. Marshall Wace LLP lifted its stake in Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after acquiring an additional 602,803 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after acquiring an additional 1,096,804 shares during the last quarter. William Blair Investment Management LLC bought a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $91,053,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Louisiana-Pacific by 32.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock valued at $71,192,000 after purchasing an additional 162,976 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Down 0.7 %

Shares of LPX opened at $117.32 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $8.24 billion, a PE ratio of 20.23, a P/E/G ratio of 2.85 and a beta of 1.91. The firm’s 50 day moving average is $107.90 and its 200-day moving average is $97.50. Louisiana-Pacific Co. has a 12 month low of $61.25 and a 12 month high of $122.87.

Louisiana-Pacific Dividend Announcement

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

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the company’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 completion of the sale, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred 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 transaction, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the topic of a number of recent analyst reports. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. TD Securities upped their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Truist Financial raised their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $102.22.

Louisiana-Pacific Company 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.