Tidal Investments LLC Buys 7,419 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Tidal Investments LLC raised its stake in Louisiana-Pacific Co. (NYSE:LPX) by 35.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,623 shares of the building manufacturing company’s stock after purchasing an additional 7,419 shares during the period. Tidal Investments LLC’s holdings in Louisiana-Pacific were worth $3,076,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific in the 3rd quarter valued at about $38,000. V Square Quantitative Management LLC bought a new position in Louisiana-Pacific in the third quarter worth approximately $43,000. Covestor Ltd grew its stake in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after acquiring an additional 163 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after acquiring an additional 201 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new position in shares of Louisiana-Pacific during the second quarter worth approximately $53,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The stock was 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 owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade 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 accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value 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. This 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 Price Performance

Louisiana-Pacific stock opened at $112.83 on Friday. The firm has a market capitalization of $7.93 billion, a P/E ratio of 19.45, a PEG ratio of 2.82 and a beta of 1.91. Louisiana-Pacific Co. has a one year low of $63.76 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The business has a fifty day moving average price of $109.77 and a 200-day moving average price of $99.16.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. The Goldman Sachs Group boosted their price target 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. TD Securities boosted their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” 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 stock an “underperform” rating in a report on Thursday, September 12th. DA Davidson lifted 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, StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.