4,363 Shares in Louisiana-Pacific Co. (NYSE:LPX) Bought by Csenge Advisory Group

Csenge Advisory Group bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,363 shares of the building manufacturing company’s stock, valued at approximately $452,000.

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

Louisiana-Pacific Stock Performance

NYSE LPX opened at $112.49 on Wednesday. Louisiana-Pacific Co. has a 1-year low of $66.77 and a 1-year high of $122.87. The company has a 50 day moving average of $111.20 and a 200-day moving average of $106.39. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 1.42 and a beta of 1.95.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.28 dividend. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 annualized dividend and a yield of 1.00%. Louisiana-Pacific’s payout ratio is presently 17.93%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. TD Securities increased their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, DA Davidson raised their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $108.38.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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.