UMB Bank n.a. Has $33,000 Position in Louisiana-Pacific Co. (NYSE:LPX)

UMB Bank n.a. lifted its position in Louisiana-Pacific Co. (NYSE:LPX) by 98.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 318 shares of the building manufacturing company’s stock after buying an additional 158 shares during the period. UMB Bank n.a.’s holdings in Louisiana-Pacific were worth $33,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Strong Tower Advisory Services raised its holdings in shares of Louisiana-Pacific by 0.6% during the fourth quarter. Strong Tower Advisory Services now owns 59,432 shares of the building manufacturing company’s stock worth $6,154,000 after acquiring an additional 340 shares during the period. Hanseatic Management Services Inc. raised its position in Louisiana-Pacific by 12.0% in the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after buying an additional 100 shares during the last quarter. HB Wealth Management LLC lifted its stake in Louisiana-Pacific by 6.2% in the 4th quarter. HB Wealth Management LLC now owns 4,115 shares of the building manufacturing company’s stock valued at $426,000 after acquiring an additional 242 shares in the last quarter. Ritholtz Wealth Management boosted its position in Louisiana-Pacific by 65.0% during the 4th quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock worth $764,000 after acquiring an additional 2,907 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Louisiana-Pacific by 34.2% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 3,197 shares of the building manufacturing company’s stock valued at $331,000 after purchasing an additional 814 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $115.02 on Friday. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 19.83, a PEG ratio of 1.40 and a beta of 1.94. The stock has a fifty day moving average price of $111.77 and a 200-day moving average price of $103.62. Louisiana-Pacific Co. has a fifty-two week low of $63.76 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.90%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 17.93%.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now owns 28,638 shares of the company’s stock, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 owns 18,513 shares of the company’s stock, 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 insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Truist Financial lifted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research 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 company a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Finally, TD Securities upped their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.