Top Investors Cut Louisiana-Pacific Corporation (LPX) Holdings In September Quarter To Take Profit

Louisiana-Pacific Corporation (NYSE:LPX) went up to recover about 17.36% since recording its record low price of $20.39. The stock experienced 2.7% jump, arriving at $23.93 on 01/10/2019. During the day, the stock price traveled from $23.185 to $23.96. This company shares are 28.17% off its target price of $30.67 and the current market capitalization stands at $3.41B. The recent change has given its price a 7.23% lead over SMA 50 and -25.59% deficit over its 52-week high. The stock witnessed 12.35% gains, 1.74% gains and -13.45% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LPX’s volatility during a week at 2.95% and during a month it has been found around 3.3%.

Louisiana-Pacific Corporation (LPX) Top Holders

Institutional investors currently hold around $3.12 billion or 96.5% in LPX stock. Look at its top three institutional owners. Blackrock Inc. owns $421.48 million in Louisiana-Pacific Corporation, which represents roughly 12.36% of the company’s market cap and approximately 13.5% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 16,716,528 shares of the stock are valued at $389.5 million. The third largest holder is State Street Corp, which currently holds $111.59 million worth of this stock and that ownership represents nearly 3.27% of its market capitalization.

Louisiana-Pacific Corporation 13F Filings

At the end of September reporting period, 152 institutional holders increased their position in Louisiana-Pacific Corporation (NYSE:LPX) by some 15,616,319 shares, 182 decreased positions by 13,002,533 and 45 held positions by 105,355,748. That puts total institutional holdings at 133,974,600 shares, according to SEC filings. The stock grabbed 40 new institutional investments totaling 1,760,351 shares while 38 institutional investors sold out their entire positions totaling 1,328,188 shares.

Louisiana-Pacific Corporation (NYSE:LPX) Insider Trades

Multiple company employees have indulged in significant insider trading. Louisiana-Pacific Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Interim CFO Kinney Michael Emory has sold 11,815 shares of Louisiana-Pacific Corporation (LPX) in trading session dated Sep. 14, 2018. These shares are worth $366,856 and were traded at $31.05 each. The SEC filing shows that Southern William Bradley performed a sale of 12,042 shares. The CEO disposed these shares by way of transaction on Sep. 13, 2018. The company’s shares were given away at $31 per share worth to an income of some $373,302 on account of Southern William Bradley.

EVP Siding, Sherman Neil, sold 7,430 common shares of Louisiana-Pacific Corporation (LPX) in the open market. In a transaction dated Sep. 12, 2018, the shares were put up for sale at an average price of $31.74, raking in a sum of $235,828. After this sale, 44,278 common shares of LPX are directly owned by the insider, with total stake valued at $1,059,573.

In the transaction dated Aug. 16, 2018, the great number of shares disposed came courtesy the Director; Gottung Lizanne C disposed a total of 7,000 shares at an average price of $29.25, amounting to approximately $204,750. The insider now directly owns 18,115 shares worth $433,492.

Louisiana-Pacific Corporation (LPX) Analyst Guide

Several analysts have released their opinion on Louisiana-Pacific Corporation (NYSE:LPX), with 3 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.2 average brokerage recommendation.