Hennion & Walsh Asset Management Inc. Purchases 814 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Hennion & Walsh Asset Management Inc. increased its stake in Louisiana-Pacific Co. (NYSE:LPX) by 34.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,197 shares of the building manufacturing company’s stock after acquiring an additional 814 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Louisiana-Pacific were worth $331,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LPX. CWM LLC boosted its position in Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock valued at $255,000 after buying an additional 97 shares during the period. Gateway Investment Advisers LLC boosted its position in Louisiana-Pacific by 4.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock valued at $280,000 after buying an additional 99 shares during the period. Hanseatic Management Services Inc. boosted its position in Louisiana-Pacific by 23.3% during the third quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company’s stock valued at $90,000 after buying an additional 158 shares during the period. Covestor Ltd boosted its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after buying an additional 163 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its position in Louisiana-Pacific by 4.2% during the third quarter. Crossmark Global Holdings Inc. now owns 4,442 shares of the building manufacturing company’s stock valued at $477,000 after buying an additional 181 shares during the period. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now directly 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the sale, the director now directly owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $117.72 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The company has a market cap of $8.27 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.39 and a beta of 1.94. The firm’s fifty day moving average is $111.46 and its two-hundred day moving average is $102.78. Louisiana-Pacific Co. has a 52-week low of $63.76 and a 52-week high of $122.87.

Louisiana-Pacific Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently commented on LPX shares. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson raised their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” 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 stock a “hold” rating in a report on Wednesday, November 6th. Finally, Truist Financial lifted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $108.38.

Louisiana-Pacific 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.