Crow s Nest Holdings LP Sells 14,400 Shares of Louisiana-Pacific Corporation $LPX

Crow s Nest Holdings LP cut its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 1.8% in the third quarter, Holdings Channel reports. The firm owned 778,100 shares of the building manufacturing company’s stock after selling 14,400 shares during the period. Louisiana-Pacific accounts for 14.4% of Crow s Nest Holdings LP’s investment portfolio, making the stock its 3rd largest holding. Crow s Nest Holdings LP’s holdings in Louisiana-Pacific were worth $69,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. North Ridge Wealth Advisors Inc. bought a new position in Louisiana-Pacific during the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in Louisiana-Pacific in the second quarter worth approximately $34,000. Versant Capital Management Inc increased its stake 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 worth $44,000 after purchasing an additional 127 shares during the last quarter. State of Wyoming bought a new position in shares of Louisiana-Pacific during the 3rd quarter valued at $82,000. Finally, EverSource Wealth Advisors LLC lifted its stake 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 valued at $82,000 after purchasing an additional 794 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Analyst Upgrades and Downgrades

LPX has been the topic of several analyst reports. Barclays increased their target price on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Oppenheimer began coverage on Louisiana-Pacific in a report on Thursday, February 5th. They set an “outperform” rating on the stock. TD Securities reduced their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Truist Financial lifted their price target on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Louisiana-Pacific presently has an average rating of “Moderate Buy” and an average target price of $106.57.

Insiders Place Their Bets

In other Louisiana-Pacific news, CEO William Bradley Southern sold 21,252 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $88.19, for a total value of $1,874,213.88. Following the completion of the transaction, the chief executive officer owned 460,883 shares of the company’s stock, valued at $40,645,271.77. This represents a 4.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 141,676 shares of company stock worth $12,648,096 over the last 90 days. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $93.43 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.93 and a quick ratio of 1.72. The company has a market cap of $6.51 billion, a PE ratio of 30.24 and a beta of 1.81. The firm has a fifty day moving average price of $87.88 and a two-hundred day moving average price of $88.54. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week 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.