Wilmington Savings Fund Society FSB Invests $323,000 in Louisiana-Pacific Co. (NYSE:LPX)

Wilmington Savings Fund Society FSB purchased a new stake in Louisiana-Pacific Co. (NYSE:LPX) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,003 shares of the building manufacturing company’s stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific in the third quarter valued at about $38,000. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific in the third quarter valued at about $43,000. Covestor Ltd raised its stake in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. First Horizon Advisors Inc. raised its stake in 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. Finally, International Assets Investment Management LLC acquired a new position in Louisiana-Pacific in the second quarter valued at about $53,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $110.65 on Wednesday. The business’s 50 day simple moving average is $109.88 and its 200 day simple moving average is $99.39. Louisiana-Pacific Co. has a one year low of $63.76 and a one year high of $122.87. The stock has a market capitalization of $7.77 billion, a PE ratio of 19.08, a PEG ratio of 2.82 and a beta of 1.91. 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 Announces Dividend

The firm also recently declared 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 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’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 transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 transaction, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. TD Securities lifted their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Bank of America lifted their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. The Goldman Sachs Group lifted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, BMO Capital Markets lifted 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $102.22.

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.