Advisors Preferred LLC Makes New $1.42 Million Investment in Louisiana-Pacific Co. (NYSE:LPX)

Advisors Preferred LLC acquired a new position in Louisiana-Pacific Co. (NYSE:LPX) during the fourth quarter, Holdings Channel.com reports. The firm acquired 13,699 shares of the building manufacturing company’s stock, valued at approximately $1,423,000.

Several other institutional investors have also recently made changes to their positions in LPX. UMB Bank n.a. grew its position in Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $35,000. Versant Capital Management Inc grew its holdings in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Louisiana-Pacific during the third quarter worth about $38,000. Finally, V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific during the third quarter valued at approximately $43,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of LPX opened at $115.20 on Friday. The company has a market cap of $8.09 billion, a P/E ratio of 19.86, a PEG ratio of 1.42 and a beta of 1.95. The firm’s 50 day moving average price is $111.96 and its 200 day moving average price is $105.38. Louisiana-Pacific Co. has a fifty-two week low of $66.54 and a fifty-two week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s 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 transaction, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LPX. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. TD Securities lifted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson lifted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets increased their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. 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 MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus target price of $108.38.

Louisiana-Pacific Company 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.