Advisors Preferred LLC Acquires New Stake in Louisiana-Pacific Co. (NYSE:LPX)

Advisors Preferred LLC purchased a new position in Louisiana-Pacific Co. (NYSE:LPX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,699 shares of the building manufacturing company’s stock, valued at approximately $1,423,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LPX. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Louisiana-Pacific by 36.7% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock worth $2,261,000 after purchasing an additional 5,645 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of Louisiana-Pacific by 269.7% during the 4th quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock valued at $4,318,000 after buying an additional 30,418 shares in the last quarter. Empowered Funds LLC boosted its holdings in Louisiana-Pacific by 238.1% in the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after buying an additional 14,001 shares during the period. Symphony Financial Ltd. Co. bought a new position in Louisiana-Pacific in the 4th quarter worth $259,000. Finally, Ritholtz Wealth Management increased its stake in Louisiana-Pacific by 65.0% in the 4th quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock worth $764,000 after buying an additional 2,907 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Down 2.1 %

NYSE LPX opened at $115.20 on Friday. Louisiana-Pacific Co. has a 52 week low of $66.54 and a 52 week high of $122.87. The firm has a market capitalization of $8.09 billion, a price-to-earnings ratio of 19.86, a PEG ratio of 1.42 and a beta of 1.95. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $111.96 and a two-hundred day moving average of $105.38.

Insiders Place Their Bets

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now directly owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LPX. DA Davidson upped their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. TD Securities increased 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. Finally, The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.