Ritholtz Wealth Management Buys 2,907 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Ritholtz Wealth Management increased its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 65.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,381 shares of the building manufacturing company’s stock after purchasing an additional 2,907 shares during the quarter. Ritholtz Wealth Management’s holdings in Louisiana-Pacific were worth $764,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Louisiana-Pacific by 42.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 8,742 shares of the building manufacturing company’s stock valued at $720,000 after acquiring an additional 2,601 shares during the period. Blair William & Co. IL purchased a new stake in shares of Louisiana-Pacific in the 2nd quarter worth $423,000. Hsbc Holdings PLC lifted its holdings in shares of Louisiana-Pacific by 168.4% in the 2nd quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company’s stock worth $6,546,000 after buying an additional 49,682 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Louisiana-Pacific in the 2nd quarter worth $3,705,000. Finally, Canada Pension Plan Investment Board lifted its holdings in shares of Louisiana-Pacific by 40.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 196,400 shares of the building manufacturing company’s stock worth $16,170,000 after buying an additional 56,700 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.6 %

Shares of NYSE:LPX opened at $114.85 on Tuesday. The business’s 50-day moving average is $111.46 and its 200 day moving average is $102.78. Louisiana-Pacific Co. has a 1 year low of $63.76 and a 1 year high of $122.87. The firm has a market capitalization of $8.07 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.27 and a beta of 1.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Analyst Ratings Changes

LPX has been the subject of several research reports. DA Davidson upped their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Truist Financial upped their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 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 company’s stock. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $108.38.

Insider Activity at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the 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 transaction, the director now directly owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, December 16th. The shares were 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 $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 currently owned by corporate insiders.

About Louisiana-Pacific

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.