Spire Wealth Management Sells 277 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Spire Wealth Management decreased its position in shares of Louisiana-Pacific Co. (NYSE:LPXFree Report) by 37.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 466 shares of the building manufacturing company’s stock after selling 277 shares during the period. Spire Wealth Management’s holdings in Louisiana-Pacific were worth $26,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in LPX. First Trust Advisors LP raised its stake in Louisiana-Pacific by 6.3% during the first quarter. First Trust Advisors LP now owns 3,323,863 shares of the building manufacturing company’s stock valued at $180,187,000 after purchasing an additional 196,459 shares in the last quarter. State Street Corp increased its stake in Louisiana-Pacific by 2.1% during the first quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company’s stock worth $151,692,000 after acquiring an additional 50,575 shares during the last quarter. Geode Capital Management LLC raised its position in Louisiana-Pacific by 1.2% during the second quarter. Geode Capital Management LLC now owns 1,026,204 shares of the building manufacturing company’s stock valued at $76,945,000 after purchasing an additional 12,127 shares during the period. Invesco Ltd. lifted its stake in shares of Louisiana-Pacific by 1.9% in the 1st quarter. Invesco Ltd. now owns 1,016,035 shares of the building manufacturing company’s stock valued at $63,115,000 after purchasing an additional 18,612 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in shares of Louisiana-Pacific by 4,391.7% in the 2nd quarter. Franklin Resources Inc. now owns 848,748 shares of the building manufacturing company’s stock worth $63,639,000 after purchasing an additional 829,852 shares during the period. 91.94% of the stock is owned by institutional investors.

Louisiana-Pacific Price Performance

Shares of LPX stock opened at $70.93 on Tuesday. The company has a market capitalization of $5.11 billion, a P/E ratio of 46.36 and a beta of 1.83. The company’s 50-day simple moving average is $67.81 and its two-hundred day simple moving average is $62.21. Louisiana-Pacific Co. has a one year low of $49.47 and a one year high of $79.56. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.80 and a quick ratio of 1.38.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,313 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $67.00, for a total transaction of $221,971.00. Following the transaction, the director now directly owns 28,495 shares in the company, valued at approximately $1,909,165. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Lizanne C. Gottung sold 3,313 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $67.00, for a total transaction of $221,971.00. Following the transaction, the director now owns 28,495 shares of the company’s stock, valued at approximately $1,909,165. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Michael W. Blosser sold 4,060 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $67.00, for a total value of $272,020.00. Following the transaction, the senior vice president now owns 49,858 shares in the company, valued at approximately $3,340,486. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Analyst Ratings Changes

LPX has been the topic of several recent research reports. TD Cowen restated a “hold” rating and set a $75.00 price target on shares of Louisiana-Pacific in a report on Thursday, January 11th. StockNews.com upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. The Goldman Sachs Group upped their price target on shares of Louisiana-Pacific from $57.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, December 14th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $72.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Finally, Truist Financial upped their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $73.14.

View Our Latest Analysis on Louisiana-Pacific

About Louisiana-Pacific

(Free Report)

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, and South America. 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.

See Also

Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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