2,135 Shares in Louisiana-Pacific Co. (NYSE:LPX) Acquired by Burns Matteson Capital Management LLC

Burns Matteson Capital Management LLC acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,135 shares of the building manufacturing company’s stock, valued at approximately $221,000.

Several other institutional investors have also added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Louisiana-Pacific by 36.7% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock worth $2,261,000 after buying an additional 5,645 shares in the last quarter. Miracle Mile Advisors LLC boosted its holdings in shares of Louisiana-Pacific by 269.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock valued at $4,318,000 after acquiring an additional 30,418 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after acquiring an additional 14,001 shares during the period. Symphony Financial Ltd. Co. purchased a new position in shares of Louisiana-Pacific during the fourth quarter valued at approximately $259,000. Finally, Ritholtz Wealth Management lifted its position in Louisiana-Pacific by 65.0% during the fourth quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock valued at $764,000 after purchasing an additional 2,907 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on LPX. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Truist Financial increased their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson boosted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, TD Securities increased their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $108.38.

Louisiana-Pacific Trading Down 2.1 %

Shares of NYSE:LPX opened at $115.20 on Monday. The stock has a 50 day moving average of $111.89 and a 200 day moving average of $105.74. The company has a market cap of $8.09 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.95. Louisiana-Pacific Co. has a 12-month low of $66.54 and a 12-month high of $122.87. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction that occurred on 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 approximately $3,247,835.58. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

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.