Ontario Teachers Pension Plan Board Acquires Shares of 6,172 Louisiana-Pacific Co. (NYSE:LPX)

Ontario Teachers Pension Plan Board bought a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 6,172 shares of the building manufacturing company’s stock, valued at approximately $663,000.

Several other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC raised its stake in Louisiana-Pacific by 22.4% during the 1st quarter. Acadian Asset Management LLC now owns 4,502 shares of the building manufacturing company’s stock valued at $376,000 after purchasing an additional 824 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in Louisiana-Pacific during the first quarter valued at $216,000. Bessemer Group Inc. lifted its stake in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after acquiring an additional 318 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in Louisiana-Pacific by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after acquiring an additional 177,132 shares during the period. Finally, Maple Rock Capital Partners Inc. grew its stake in Louisiana-Pacific by 41.2% during the 1st quarter. Maple Rock Capital Partners Inc. now owns 373,500 shares of the building manufacturing company’s stock valued at $31,340,000 after acquiring an additional 109,000 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Up 2.7 %

Shares of LPX stock opened at $114.40 on Friday. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 2.69 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock’s 50 day simple moving average is $105.33 and its 200 day simple moving average is $95.63. Louisiana-Pacific Co. has a twelve month low of $60.27 and a twelve month high of $117.59.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. Louisiana-Pacific’s payout ratio is presently 17.93%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on LPX shares. DA Davidson raised their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their target price 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. Truist Financial upped their price target 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. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $102.22.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’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 of the company’s stock, valued at $2,064,791.50. This trade represents a 10.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

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.