Assenagon Asset Management S.A. Purchases 10,662 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Assenagon Asset Management S.A. raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 46.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,617 shares of the building manufacturing company’s stock after buying an additional 10,662 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Louisiana-Pacific were worth $3,481,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in LPX. Versant Capital Management Inc boosted its stake in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific in the third quarter worth about $38,000. V Square Quantitative Management LLC acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at approximately $43,000. Covestor Ltd grew its holdings in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Finally, First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after purchasing an additional 201 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Louisiana-Pacific

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 stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the 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 in the company, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $117.72 on Wednesday. The stock has a market capitalization of $8.27 billion, a PE ratio of 20.30, a PEG ratio of 1.39 and a beta of 1.94. The business’s 50 day simple moving average is $111.46 and its 200 day simple moving average is $102.78. 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 Co. has a one year low of $63.76 and a one year high of $122.87.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on LPX. 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 report on Tuesday, November 12th. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” 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. The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, TD Securities upped their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $108.38.

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.