Choreo LLC Purchases 148 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Choreo LLC grew its position in Louisiana-Pacific Co. (NYSE:LPX) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,546 shares of the building manufacturing company’s stock after buying an additional 148 shares during the period. Choreo LLC’s holdings in Louisiana-Pacific were worth $574,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of LPX. FMR LLC boosted its stake in Louisiana-Pacific by 25.2% in the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after acquiring an additional 638,058 shares in the last quarter. State Street Corp boosted its position in shares of Louisiana-Pacific by 10.8% in the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock worth $231,529,000 after purchasing an additional 210,113 shares in the last quarter. Pacer Advisors Inc. grew its stake in Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after buying an additional 1,096,804 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Louisiana-Pacific by 32.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock valued at $71,192,000 after buying an additional 162,976 shares in the last quarter. Finally, Bamco Inc. NY raised its stake in Louisiana-Pacific by 65.7% in the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock valued at $55,500,000 after buying an additional 204,828 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on 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 owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $114.29 on Wednesday. The stock has a market cap of $8.03 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.42 and a beta of 1.95. Louisiana-Pacific Co. has a 52-week low of $66.77 and a 52-week high of $122.87. The business has a 50-day simple moving average of $111.78 and a 200-day simple moving average of $105.99. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Wall Street Analyst Weigh In

LPX has been the subject of several research analyst reports. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Truist Financial boosted their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson raised their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock 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 equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and an average price target of $108.38.

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.