Allspring Global Investments Holdings LLC Sells 6,842 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,477 shares of the building manufacturing company’s stock after selling 6,842 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.16% of Louisiana-Pacific worth $11,995,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $35,000. Versant Capital Management Inc lifted its holdings in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific in the third quarter worth about $38,000. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Louisiana-Pacific in the third quarter worth about $43,000. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LPX. The Goldman Sachs Group increased 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. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. DA Davidson increased 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. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $108.38.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Up 0.1 %

LPX stock opened at $112.37 on Tuesday. The company has a market capitalization of $7.89 billion, a PE ratio of 19.37, a price-to-earnings-growth ratio of 1.42 and a beta of 1.95. Louisiana-Pacific Co. has a one year low of $66.77 and a one year high of $122.87. The company’s 50 day moving average price is $111.20 and its two-hundred day moving average price is $106.39. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92.

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.