Royce & Associates LP Sells 37,411 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Royce & Associates LP cut its stake in Louisiana-Pacific Co. (NYSE:LPX) by 21.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 138,651 shares of the building manufacturing company’s stock after selling 37,411 shares during the period. Royce & Associates LP owned about 0.20% of Louisiana-Pacific worth $14,899,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in Louisiana-Pacific by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after buying an additional 177,132 shares during the last quarter. Marshall Wace LLP grew its stake in Louisiana-Pacific by 92.4% in the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after acquiring an additional 602,803 shares during the period. William Blair Investment Management LLC acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at $91,053,000. Jacobs Levy Equity Management Inc. grew its stake in Louisiana-Pacific by 6.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock valued at $77,660,000 after acquiring an additional 57,966 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Louisiana-Pacific by 188.3% in the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after acquiring an additional 292,200 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LPX has been the topic of several recent research reports. DA Davidson lifted their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Truist Financial boosted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. 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 research note on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Trading Down 0.4 %

NYSE:LPX opened at $111.97 on Friday. The company has a market capitalization of $7.86 billion, a PE ratio of 19.31, a price-to-earnings-growth ratio of 2.68 and a beta of 1.88. 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 52-week low of $60.00 and a 52-week high of $114.33. The stock has a fifty day simple moving average of $104.20 and a 200-day simple moving average of $94.81.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Insider Buying and Selling

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. The trade was a 5.18 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,400 shares of company stock worth $3,325,917. 1.26% of the stock is owned by corporate insiders.

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.