Fmr LLC Has $340.43 Million Position in Louisiana-Pacific Co. (NYSE:LPX)

Fmr LLC boosted its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 25.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,167,946 shares of the building manufacturing company’s stock after buying an additional 638,058 shares during the quarter. Fmr LLC owned approximately 4.51% of Louisiana-Pacific worth $340,427,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of LPX. Marshall Wace LLP lifted its stake in shares of Louisiana-Pacific by 92.4% during 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 period. Pacer Advisors Inc. boosted its stake in shares of Louisiana-Pacific by 11,417.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after purchasing an additional 1,096,804 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Louisiana-Pacific during the 2nd quarter worth approximately $91,053,000. Charles Schwab Investment Management Inc. raised its stake in shares of Louisiana-Pacific by 32.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock worth $71,192,000 after buying an additional 162,976 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in Louisiana-Pacific by 188.3% in the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after buying an additional 292,200 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 10.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 value of $34,023.00. Following the sale, the director now directly owns 28,638 shares of the company’s stock, valued at $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.

Wall Street Analyst Weigh In

Several brokerages have commented on LPX. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. TD Securities upped their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Bank of America upped their target price 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. Finally, Truist Financial upped their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. 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. According to data from MarketBeat.com, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $102.22.

Louisiana-Pacific Trading Up 1.3 %

LPX opened at $118.20 on Friday. The firm’s fifty day simple moving average is $107.68 and its 200 day simple moving average is $97.27. The stock has a market capitalization of $8.30 billion, a P/E ratio of 20.38, a P/E/G ratio of 2.81 and a beta of 1.88. 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 Co. has a 12 month low of $60.37 and a 12 month high of $122.87.

Louisiana-Pacific Dividend Announcement

The firm 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 is currently 17.93%.

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.