Louisiana-Pacific Co. (NYSE:LPX) Stock Position Decreased by Quadrature Capital Ltd

Quadrature Capital Ltd trimmed its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 33.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,630 shares of the building manufacturing company’s stock after selling 19,783 shares during the period. Quadrature Capital Ltd owned about 0.05% of Louisiana-Pacific worth $4,150,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of LPX. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific during the third quarter valued at about $38,000. GAMMA Investing LLC lifted its position in shares of Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific in the 3rd quarter worth approximately $43,000. Covestor Ltd grew its position in Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Louisiana-Pacific by 77.3% in the third 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 in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on LPX shares. 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 report on Wednesday, November 6th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. DA Davidson lifted their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets lifted their price target 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $102.22.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $119.96 on Friday. The stock has a 50-day simple moving average of $108.62 and a 200 day simple moving average of $97.99. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. Louisiana-Pacific Co. has a 12-month low of $61.25 and a 12-month high of $122.87. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 2.82 and a beta of 1.91.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were issued a dividend of $0.26 per share. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.87%. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This represents a 10.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company’s 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 sale, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

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.