Louisiana-Pacific Corporation $LPX Shares Sold by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ reduced its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 75.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,241 shares of the building manufacturing company’s stock after selling 129,700 shares during the period. Skandinaviska Enskilda Banken AB publ owned 0.06% of Louisiana-Pacific worth $3,753,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Millennium Management LLC lifted its position in Louisiana-Pacific by 128.6% during the 1st quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock worth $16,259,000 after acquiring an additional 99,455 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Louisiana-Pacific in the first quarter worth about $273,000. Goldman Sachs Group Inc. increased its holdings in shares of Louisiana-Pacific by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after acquiring an additional 18,413 shares during the last quarter. Empowered Funds LLC increased its stake in Louisiana-Pacific by 207.1% during the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after purchasing an additional 19,029 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Louisiana-Pacific by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock worth $20,747,000 after acquiring an additional 29,846 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LPX has been the topic of several analyst reports. TD Securities lowered their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. DA Davidson reiterated a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a report on Wednesday, January 28th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Barclays upped their price target on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Finally, Royal Bank Of Canada restated an “outperform” rating and set a $104.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $106.33.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $81.27 on Friday. Louisiana-Pacific Corporation has a 12 month low of $73.42 and a 12 month high of $103.25. The company has a market cap of $5.68 billion, a P/E ratio of 38.89 and a beta of 1.81. The business’s 50 day moving average is $88.00 and its two-hundred day moving average is $88.44. The company has a quick ratio of 1.72, a current ratio of 2.78 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. The business had revenue of $567.00 million for the quarter, compared to the consensus estimate of $589.96 million. During the same quarter last year, the company posted $1.03 earnings per share. Louisiana-Pacific’s quarterly revenue was down 16.7% on a year-over-year basis. On average, equities analysts expect that Louisiana-Pacific Corporation will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Friday, February 27th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Friday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is 53.59%.

Insiders Place Their Bets

In other Louisiana-Pacific news, CEO William Bradley Southern sold 14,166 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total value of $1,264,882.14. Following the completion of the transaction, the chief executive officer owned 461,719 shares of the company’s stock, valued at $41,226,889.51. This represents a 2.98% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold 155,842 shares of company stock worth $13,912,978 over the last 90 days. 1.42% of the stock is owned by company insiders.

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.