Crow s Nest Holdings LP Reduces Position in Louisiana-Pacific Corporation $LPX

Crow s Nest Holdings LP reduced its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 778,100 shares of the building manufacturing company’s stock after selling 14,400 shares during the quarter. Louisiana-Pacific comprises 14.4% of Crow s Nest Holdings LP’s portfolio, making the stock its 3rd largest holding. Crow s Nest Holdings LP owned about 1.12% of Louisiana-Pacific worth $69,126,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of LPX. North Ridge Wealth Advisors Inc. bought a new position in Louisiana-Pacific during the second quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at about $34,000. Versant Capital Management Inc boosted its position in shares of Louisiana-Pacific by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares in the last quarter. State of Wyoming acquired a new position in shares of Louisiana-Pacific in the 3rd quarter worth approximately $82,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Louisiana-Pacific by 496.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 954 shares of the building manufacturing company’s stock worth $82,000 after purchasing an additional 794 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of research reports. Barclays raised their target price on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, January 15th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Truist Financial boosted their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Royal Bank Of Canada reduced their target price on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday, November 6th. Finally, DA Davidson reissued a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research note on Wednesday, January 28th. Seven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of “Moderate Buy” and an average price target of $106.57.

Insider Buying and Selling

In other Louisiana-Pacific news, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total transaction of $5,073,014.36. Following the completion of the sale, the chief executive officer owned 503,381 shares of the company’s stock, valued at $46,139,902.46. This trade represents a 9.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders have sold 141,676 shares of company stock worth $12,648,096 over the last quarter. Insiders own 1.42% of the company’s stock.

Louisiana-Pacific Stock Down 0.5%

NYSE:LPX opened at $93.43 on Monday. The business’s fifty day moving average price is $87.88 and its 200 day moving average price is $88.54. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 30.24 and a beta of 1.81. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 1-year low of $73.42 and a 1-year high of $113.97.

About Louisiana-Pacific

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.