Norges Bank Purchases Shares of 745,218 Louisiana-Pacific Corporation $LPX

Norges Bank purchased a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 745,218 shares of the building manufacturing company’s stock, valued at approximately $60,184,000.

A number of other large investors have also added to or reduced their stakes in LPX. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the second quarter worth about $26,000. Larson Financial Group LLC increased its holdings in shares of Louisiana-Pacific by 291.2% in the third quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after buying an additional 399 shares during the period. International Assets Investment Management LLC purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth about $52,000. Danske Bank A S purchased a new position in shares of Louisiana-Pacific in the third quarter worth about $80,000. Finally, State of Wyoming purchased a new position in shares of Louisiana-Pacific in the third quarter worth about $82,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $70.64 on Monday. The stock’s 50 day simple moving average is $72.88 and its two-hundred day simple moving average is $80.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 59.87, a PEG ratio of 1.77 and a beta of 1.59. Louisiana-Pacific Corporation has a fifty-two week low of $66.12 and a fifty-two week high of $102.86.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.24. The business had revenue of $574.00 million for the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The business’s revenue was down 20.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.27 EPS. As a group, analysts expect that Louisiana-Pacific Corporation will post 2 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 14th. Louisiana-Pacific’s payout ratio is presently 101.69%.

Analyst Upgrades and Downgrades

LPX has been the topic of several analyst reports. Royal Bank Of Canada reiterated an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. DA Davidson reiterated a “buy” rating and issued a $114.00 price objective on shares of Louisiana-Pacific in a report on Tuesday, May 5th. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Finally, TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, May 7th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Louisiana-Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $97.25.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of Louisiana-Pacific 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 sale, the director directly owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. The trade was a 7.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.65% of the company’s stock.

Louisiana-Pacific 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.