Louisiana-Pacific Corporation $LPX Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH decreased its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 47.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,978 shares of the building manufacturing company’s stock after selling 127,116 shares during the period. Allianz Asset Management GmbH owned 0.21% of Louisiana-Pacific worth $12,702,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of LPX. American Century Companies Inc. grew its stake in shares of Louisiana-Pacific by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after purchasing an additional 29,803 shares during the last quarter. Y Intercept Hong Kong Ltd raised its stake in shares of Louisiana-Pacific by 27.5% during the third quarter. Y Intercept Hong Kong Ltd now owns 57,876 shares of the building manufacturing company’s stock worth $5,142,000 after purchasing an additional 12,490 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 57.2% during the second quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock worth $10,671,000 after purchasing an additional 45,175 shares during the period. UniSuper Management Pty Ltd grew its position in Louisiana-Pacific by 31.3% in the 3rd quarter. UniSuper Management Pty Ltd now owns 49,785 shares of the building manufacturing company’s stock valued at $4,423,000 after buying an additional 11,873 shares during the last quarter. Finally, Entropy Technologies LP purchased a new position in Louisiana-Pacific in the 2nd quarter valued at $424,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on LPX. TD Securities cut their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, November 6th. Barclays boosted their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Vertical Research started coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating for the company. Truist Financial lifted their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada dropped their target price on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Seven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $106.57.

Louisiana-Pacific Trading Up 3.7%

Shares of LPX opened at $97.26 on Monday. Louisiana-Pacific Corporation has a twelve month low of $73.42 and a twelve month high of $117.75. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $6.77 billion, a P/E ratio of 31.48 and a beta of 1.81. The firm’s 50-day moving average is $86.55 and its two-hundred day moving average is $88.32.

Insiders Place Their Bets

In related news, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total transaction of $5,073,014.36. Following the completion of the transaction, the chief executive officer directly owned 503,381 shares of the company’s stock, valued at approximately $46,139,902.46. The trade was a 9.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last ninety days, insiders sold 141,676 shares of company stock valued at $12,648,096. Company insiders own 1.42% of the company’s stock.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.