Louisiana-Pacific Co. (NYSE:LPX) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP decreased its position in Louisiana-Pacific Co. (NYSE:LPX) by 42.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 39,920 shares of the building manufacturing company’s stock after selling 29,719 shares during the period. Bridgewater Associates LP’s holdings in Louisiana-Pacific were worth $4,290,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in LPX. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific in the 3rd quarter worth about $38,000. GAMMA Investing LLC raised its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. V Square Quantitative Management LLC purchased a new stake in shares of Louisiana-Pacific in the third quarter valued at about $43,000. Covestor Ltd grew its position in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 201 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $118.36 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 2.81 and a beta of 1.88. Louisiana-Pacific Co. has a 1 year low of $60.37 and a 1 year high of $122.87. The firm has a 50 day moving average price of $107.68 and a 200 day moving average price of $97.22.

Louisiana-Pacific Announces Dividend

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LPX shares. DA Davidson increased their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Finally, TD Securities lifted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $102.22.

Insider Buying and Selling

In other news, 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 value of $245,750.00. Following the transaction, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 10.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Corporate insiders own 1.26% of the company’s stock.

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.