Mirae Asset Global Investments Co. Ltd. Makes New $35,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 336 shares of the building manufacturing company’s stock, valued at approximately $35,000.

Other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after acquiring an additional 158 shares during the period. Versant Capital Management Inc lifted its position in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific during the 3rd quarter valued at $38,000. V Square Quantitative Management LLC acquired a new position in shares of Louisiana-Pacific during the 3rd quarter valued at $43,000. Finally, Covestor Ltd lifted its position 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 acquiring an additional 163 shares during the period. 94.73% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s 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 sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

LPX has been the topic of several research reports. The Goldman Sachs Group upped their price objective 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. 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 report on Tuesday, November 12th. TD Securities upped their price objective 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. Royal Bank of Canada upped their price objective 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. Finally, DA Davidson upped their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $108.38.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $112.37 on Friday. The stock has a market cap of $7.89 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.42 and a beta of 1.95. The firm’s 50-day moving average is $111.33 and its 200 day moving average is $106.22. Louisiana-Pacific Co. has a 1 year low of $66.77 and a 1 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.

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.