Monument Capital Management Makes New Investment in Louisiana-Pacific Co. (NYSE:LPX)

Monument Capital Management acquired a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 23,007 shares of the building manufacturing company’s stock, valued at approximately $2,382,000.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after buying an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Louisiana-Pacific during the 4th quarter valued at $35,000. Versant Capital Management Inc lifted its holdings in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at $38,000. Finally, V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the third quarter valued at about $43,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction 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 approximately $2,101,225.50. This trade 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 accessible through the SEC website. Insiders own 1.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LPX. Royal Bank of Canada upped their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. BMO Capital Markets raised their price target 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. Finally, StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $108.38.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $112.37 on Monday. 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 50-day simple moving average of $111.33 and a 200 day simple moving average of $106.28. Louisiana-Pacific Co. has a fifty-two week low of $66.77 and a fifty-two week high of $122.87. The company has a market cap of $7.89 billion, a PE ratio of 19.37, a P/E/G ratio of 1.42 and a beta of 1.95.

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.