1,567 Shares in Louisiana-Pacific Co. (NYSE:LPX) Acquired by Comprehensive Financial Planning Inc. PA

Comprehensive Financial Planning Inc. PA acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,567 shares of the building manufacturing company’s stock, valued at approximately $162,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after purchasing an additional 638,058 shares during the period. State Street Corp boosted its position in Louisiana-Pacific by 10.8% in the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock valued at $231,529,000 after buying an additional 210,113 shares during the period. Pacer Advisors Inc. grew its stake in Louisiana-Pacific by 11,417.9% in the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after acquiring an additional 1,096,804 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Louisiana-Pacific by 32.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock worth $71,192,000 after acquiring an additional 162,976 shares during the period. Finally, Bamco Inc. NY raised its stake in shares of Louisiana-Pacific by 65.7% during the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock valued at $55,500,000 after acquiring an additional 204,828 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the transaction, the director now directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. This trade represents a 1.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’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 sale, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Trading Down 2.1 %

NYSE LPX opened at $115.20 on Monday. Louisiana-Pacific Co. has a 52 week low of $66.54 and a 52 week high of $122.87. The company has a 50 day moving average price of $111.89 and a 200 day moving average price of $105.74. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The firm has a market cap of $8.09 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.42 and a beta of 1.95.

Analysts Set New Price Targets

Several brokerages recently issued reports on LPX. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Truist Financial increased their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. DA Davidson lifted their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, TD Securities boosted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and an average target price of $108.38.

Louisiana-Pacific 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.