New Century Financial Group LLC Purchases New Position in Louisiana-Pacific Co. (NYSE:LPX)

New Century Financial Group LLC acquired a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,032 shares of the building manufacturing company’s stock, valued at approximately $324,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC grew its position in Louisiana-Pacific by 240.9% during the fourth quarter. SG Americas Securities LLC now owns 20,265 shares of the building manufacturing company’s stock valued at $2,098,000 after buying an additional 14,320 shares during the period. UMB Bank n.a. boosted its stake 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 worth $33,000 after acquiring an additional 158 shares in the last quarter. Strong Tower Advisory Services grew its position in shares of Louisiana-Pacific by 0.6% during the 4th quarter. Strong Tower Advisory Services now owns 59,432 shares of the building manufacturing company’s stock valued at $6,154,000 after acquiring an additional 340 shares during the period. Hanseatic Management Services Inc. grew its position in shares of Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after acquiring an additional 100 shares during the period. Finally, HB Wealth Management LLC increased its stake in shares of 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 purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $115.02 on Friday. The company has a market cap of $8.08 billion, a P/E ratio of 19.83, a P/E/G ratio of 1.40 and a beta of 1.94. Louisiana-Pacific Co. has a twelve month low of $63.76 and a twelve month high of $122.87. The company’s 50-day moving average price is $111.77 and its 200-day moving average price is $103.46. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

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

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Truist Financial increased their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. BMO Capital Markets increased their target price 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. TD Securities boosted their price target 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. DA Davidson upped their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Two 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 a consensus rating of “Hold” and a consensus price target 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.