Caprock Group LLC Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Caprock Group LLC bought a new stake in Louisiana-Pacific Co. (NYSE:LPX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,239 shares of the building manufacturing company’s stock, valued at approximately $232,000.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its stake 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 valued at $33,000 after buying an additional 158 shares in the last quarter. Versant Capital Management Inc raised its position in Louisiana-Pacific by 158.5% in the 4th 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 during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific during the third quarter valued at about $38,000. V Square Quantitative Management LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $43,000. Finally, Covestor Ltd lifted its holdings in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction 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 transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $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. 1.26% of the stock is currently owned by company insiders.

Analyst Ratings Changes

LPX has been the topic of a number of research analyst reports. The Goldman Sachs Group boosted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Truist Financial raised their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. TD Securities boosted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets upped their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada raised their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $108.38.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $117.73 on Friday. The stock has a market capitalization of $8.27 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.41 and a beta of 1.95. Louisiana-Pacific Co. has a one year low of $65.53 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The business’s 50 day simple moving average is $111.94 and its two-hundred day simple moving average is $105.29.

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.