Louisiana-Pacific Corporation $LPX Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB increased its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 48.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,376 shares of the building manufacturing company’s stock after buying an additional 8,300 shares during the quarter. Handelsbanken Fonder AB’s holdings in Louisiana-Pacific were worth $2,049,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LPX. Boston Partners acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at about $100,770,000. Victory Capital Management Inc. grew its stake in shares of Louisiana-Pacific by 674.8% in the third quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company’s stock valued at $62,068,000 after buying an additional 608,480 shares in the last quarter. Fernbridge Capital Management LP grew its stake in shares of Louisiana-Pacific by 284.5% in the third quarter. Fernbridge Capital Management LP now owns 820,755 shares of the building manufacturing company’s stock valued at $72,916,000 after buying an additional 607,319 shares in the last quarter. Parsifal Capital Management LP acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at about $46,161,000. Finally, Thrivent Financial for Lutherans grew its stake in shares of Louisiana-Pacific by 2,547.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock valued at $31,126,000 after buying an additional 370,856 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.0%

NYSE:LPX opened at $70.49 on Monday. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $73.00 and its two-hundred day moving average is $80.52. Louisiana-Pacific Corporation has a 52 week low of $66.12 and a 52 week high of $102.86. The company has a market cap of $4.92 billion, a PE ratio of 59.73, a P/E/G ratio of 1.77 and a beta of 1.60.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The company had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. During the same quarter last year, the business posted $1.27 EPS. Louisiana-Pacific’s quarterly revenue was down 20.7% compared to the same quarter last year. On average, analysts predict that Louisiana-Pacific Corporation will post 2 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 101.69%.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total transaction of $102,167.00. Following the transaction, the director owned 17,160 shares of the company’s stock, valued at $1,348,604.40. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.65% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. DA Davidson reiterated a “buy” rating and issued a $114.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $104.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Oppenheimer lowered their target price on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research note on Thursday, May 7th. TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a report on Thursday, May 7th. Finally, Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.25.

Louisiana-Pacific Company Profile

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.