Hantz Financial Services Inc. Sells 727 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Hantz Financial Services Inc. cut its stake in shares of Louisiana-Pacific Co. (NYSE:LPX) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,820 shares of the building manufacturing company’s stock after selling 727 shares during the quarter. Hantz Financial Services Inc.’s holdings in Louisiana-Pacific were worth $1,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LPX. Diversified Trust Co purchased a new position in Louisiana-Pacific during the second quarter valued at approximately $590,000. Ensign Peak Advisors Inc raised its position in shares of Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock valued at $2,917,000 after purchasing an additional 12,950 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Louisiana-Pacific by 168.4% during the 2nd quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company’s stock valued at $6,546,000 after buying an additional 49,682 shares in the last quarter. Empowered Funds LLC boosted its holdings in Louisiana-Pacific by 238.1% in the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after buying an additional 14,001 shares during the period. Finally, Emerald Mutual Fund Advisers Trust increased its stake in Louisiana-Pacific by 11.2% in the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 228,988 shares of the building manufacturing company’s stock worth $18,853,000 after buying an additional 23,039 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction 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 completion of the sale, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 10.64 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LPX shares. TD Securities boosted their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. DA Davidson upped their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Bank of America boosted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. Finally, Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company 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 given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Price Performance

LPX stock opened at $118.20 on Monday. Louisiana-Pacific Co. has a 52 week low of $60.37 and a 52 week high of $122.87. The firm has a market capitalization of $8.30 billion, a P/E ratio of 20.38, a price-to-earnings-growth ratio of 2.85 and a beta of 1.88. The company has a fifty day simple moving average of $107.68 and a two-hundred day simple moving average of $97.31. 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 Announces Dividend

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

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.