Strong Tower Advisory Services Has $6.15 Million Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Strong Tower Advisory Services boosted its position in Louisiana-Pacific Co. (NYSE:LPX) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,432 shares of the building manufacturing company’s stock after buying an additional 340 shares during the period. Louisiana-Pacific makes up 1.6% of Strong Tower Advisory Services’ holdings, making the stock its 20th biggest holding. Strong Tower Advisory Services owned about 0.08% of Louisiana-Pacific worth $6,154,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of LPX. Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 214 shares during the period. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific in the third quarter valued at approximately $38,000. V Square Quantitative Management LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $43,000. Covestor Ltd grew 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 worth $46,000 after buying an additional 163 shares during the period. Finally, First Horizon Advisors Inc. increased its stake in shares of Louisiana-Pacific by 77.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific 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 sale, the director now directly 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. Insiders own 1.53% of the company’s stock.

Louisiana-Pacific Trading Down 0.6 %

Shares of Louisiana-Pacific stock opened at $114.85 on Monday. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $8.07 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 1.27 and a beta of 1.94. The stock has a fifty day simple moving average of $111.41 and a 200 day simple moving average of $102.56. Louisiana-Pacific Co. has a 12-month low of $63.76 and a 12-month high of $122.87.

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 paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.91%. Louisiana-Pacific’s dividend payout ratio (DPR) is 17.93%.

Analyst Ratings Changes

LPX has been the subject of a number of research reports. The Goldman Sachs Group raised their price target 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. Royal Bank of Canada raised their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. TD Securities upped their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. Finally, Truist Financial upped their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two research 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, Louisiana-Pacific currently has an average rating of “Hold” and an average target price of $108.38.

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.