12,189 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Maverick Capital Ltd.

Maverick Capital Ltd. purchased a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 12,189 shares of the building manufacturing company’s stock, valued at approximately $1,310,000.

Several other hedge funds have also recently added to or reduced their stakes in LPX. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific during the 3rd quarter valued at about $38,000. GAMMA Investing LLC boosted its stake in Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after buying an additional 177 shares in the last quarter. V Square Quantitative Management LLC bought a new position in Louisiana-Pacific during the third quarter valued at approximately $43,000. Covestor Ltd grew its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after acquiring an additional 163 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after acquiring an additional 201 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LPX. Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. TD Securities raised their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Truist Financial raised their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $102.22.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific 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 sale, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This trade represents a 10.64 % 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.

Louisiana-Pacific Stock Up 1.3 %

NYSE LPX opened at $118.20 on Friday. Louisiana-Pacific Co. has a 1 year low of $60.37 and a 1 year high of $122.87. The stock has a market capitalization of $8.30 billion, a PE ratio of 20.38, a PEG ratio of 2.85 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The business’s 50-day moving average is $107.68 and its 200 day moving average is $97.27.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were given a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

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.