New Century Financial Group LLC Makes New $324,000 Investment in Louisiana-Pacific Co. (NYSE:LPX)

New Century Financial Group LLC bought a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, Holdings Channel.com reports. The firm bought 3,032 shares of the building manufacturing company’s stock, valued at approximately $324,000.

Other large investors have also modified their holdings of the company. UMB Bank n.a. lifted its position in Louisiana-Pacific by 98.8% in 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 during the last quarter. Versant Capital Management Inc raised its stake in shares of Louisiana-Pacific by 158.5% in 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 during the period. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at approximately $43,000. Finally, Covestor Ltd lifted its stake in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Analyst Ratings Changes

LPX has been the subject of a number of research reports. Truist Financial lifted their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. BMO Capital Markets lifted their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. TD Securities raised their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $108.38.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Louisiana-Pacific Trading Down 0.4 %

LPX opened at $115.02 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. Louisiana-Pacific Co. has a one year low of $63.76 and a one year high of $122.87. The company has a market cap of $8.08 billion, a P/E ratio of 19.83, a PEG ratio of 1.40 and a beta of 1.94. The business’s 50-day simple moving average is $111.77 and its 200-day simple moving average is $103.46.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.90%. 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.