Mirae Asset Global Investments Co. Ltd. Buys Shares of 336 Louisiana-Pacific Co. (NYSE:LPX)

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

Other large investors have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 98.8% during the fourth 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 during the last quarter. Versant Capital Management Inc grew its stake in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the third quarter worth about $38,000. V Square Quantitative Management LLC purchased a new stake in shares of Louisiana-Pacific during the third quarter worth about $43,000. Finally, Covestor Ltd grew its stake in shares of 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 last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LPX. The Goldman Sachs Group lifted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. TD Securities lifted their target price on 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 lifted their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Finally, StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $108.38.

Insider Buying and Selling

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Trading Up 0.1 %

LPX opened at $112.37 on Friday. Louisiana-Pacific Co. has a one year low of $66.77 and a one year high of $122.87. The company has a market cap of $7.89 billion, a P/E ratio of 19.37, a PEG ratio of 1.42 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The business’s 50-day simple moving average is $111.33 and its 200-day simple moving average is $106.22.

Louisiana-Pacific Company 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.