Columbus Macro LLC Has $266,000 Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Columbus Macro LLC lifted its position in Louisiana-Pacific Co. (NYSE:LPX) by 29.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 2,572 shares of the building manufacturing company’s stock after acquiring an additional 587 shares during the period. Columbus Macro LLC’s holdings in Louisiana-Pacific were worth $266,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Louisiana-Pacific by 25.2% in the 3rd 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 in the last quarter. State Street Corp increased its stake in Louisiana-Pacific by 10.8% in 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. raised its position in Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after purchasing an additional 1,096,804 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in 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 purchasing an additional 162,976 shares during the period. Finally, Bamco Inc. NY boosted its holdings in 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 purchasing an additional 204,828 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’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 transaction, the director now 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $116.70 on Wednesday. The firm has a market cap of $8.20 billion, a P/E ratio of 20.12, a P/E/G ratio of 1.41 and a beta of 1.95. Louisiana-Pacific Co. has a fifty-two week low of $63.76 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The firm has a 50 day simple moving average of $111.91 and a 200 day simple moving average of $105.20.

Wall Street Analyst Weigh In

Several equities analysts recently commented on LPX shares. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. DA Davidson boosted their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Truist Financial boosted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two 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. According to data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and a consensus 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.