Louisiana-Pacific Corporation (NYSE:LPX) Stock Position Raised by Skandinaviska Enskilda Banken AB publ

Key Points

• Skandinaviska Enskilda Banken AB increased its stake in Louisiana-Pacific Corporation by 36.9% to own approximately 0.45% of the company, valued at $29,055,000.
• Institutional investors own around 94.73% of Louisiana-Pacific's stock, with firms like Allspring Global Investments and QRG Capital Management also increasing their positions.
• Analysts have mixed ratings on Louisiana-Pacific, with a consensus rating of "Hold" and an average price target of $106.13, amid fluctuating price targets among different brokerage firms.

Skandinaviska Enskilda Banken AB publ grew its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX - Free Report) by 36.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 315,879 shares of the building manufacturing company's stock after buying an additional 85,141 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned 0.45% of Louisiana-Pacific worth $29,055,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Louisiana-Pacific by 18.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock valued at $12,486,000 after acquiring an additional 21,462 shares in the last quarter. Putney Financial Group LLC acquired a new stake in shares of Louisiana-Pacific during the 4th quarter valued at approximately $389,000. QRG Capital Management Inc. acquired a new stake in shares of Louisiana-Pacific during the 1st quarter valued at approximately $1,379,000. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Louisiana-Pacific during the 1st quarter valued at approximately $317,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Louisiana-Pacific during the 4th quarter valued at approximately $3,020,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Truist Financial dropped their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Wall Street Zen raised Louisiana-Pacific from a "sell" rating to a "hold" rating in a research report on Saturday. Royal Bank Of Canada increased their target price on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a research report on Wednesday, May 7th. Finally, DA Davidson dropped their target price on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Price Performance

LPX stock traded up $1.19 during trading hours on Wednesday, hitting $91.20. 238,453 shares of the stock traded hands, compared to its average volume of 708,214. The stock has a 50-day simple moving average of $89.80 and a 200 day simple moving average of $95.02. Louisiana-Pacific Corporation has a one year low of $78.82 and a one year high of $122.87. The company has a market cap of $6.35 billion, a P/E ratio of 15.98, a P/E/G ratio of 1.53 and a beta of 1.84. The company has a current ratio of 3.03, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. During the same quarter last year, the business posted $1.53 earnings per share. The company's quarterly revenue was up .0% on a year-over-year basis. Equities analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.23%. Louisiana-Pacific's dividend payout ratio (DPR) is 19.65%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the transaction, the director owned 18,838 shares in the company, valued at $1,686,377.76. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.42% of the stock is owned by company insiders.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.