Swiss National Bank Decreases Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Swiss National Bank cut its holdings in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 127,900 shares of the building manufacturing company's stock after selling 14,600 shares during the quarter. Swiss National Bank owned approximately 0.18% of Louisiana-Pacific worth $9,059,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Larson Financial Group LLC acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at $37,000. Signaturefd LLC boosted its stake in shares of Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company's stock valued at $56,000 after purchasing an additional 552 shares during the last quarter. Simplicity Solutions LLC acquired a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $204,000. Raymond James Trust N.A. bought a new stake in shares of Louisiana-Pacific during the fourth quarter worth approximately $206,000. Finally, Choreo LLC acquired a new position in Louisiana-Pacific in the fourth quarter valued at approximately $248,000. 94.73% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on LPX shares. Seaport Res Ptn cut Louisiana-Pacific from a "buy" rating to a "neutral" rating in a research note on Thursday, May 9th. DA Davidson lifted their price target on shares of Louisiana-Pacific from $90.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday, May 9th. TD Securities upped their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a "hold" rating in a research report on Thursday, May 9th. BMO Capital Markets raised their price objective on Louisiana-Pacific from $83.00 to $99.00 and gave the stock an "outperform" rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the company an "outperform" rating in a research report on Thursday, May 9th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $83.89.

Louisiana-Pacific Stock Up 1.7 %

Shares of Louisiana-Pacific stock traded up $1.51 during trading hours on Tuesday, reaching $89.65. 905,120 shares of the company's stock were exchanged, compared to its average volume of 935,666. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $78.45 and a two-hundred day moving average of $70.42. The stock has a market cap of $6.43 billion, a P/E ratio of 24.63 and a beta of 1.87. Louisiana-Pacific Co. has a fifty-two week low of $49.47 and a fifty-two week high of $90.03.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The firm had revenue of $724.00 million during the quarter, compared to analysts' expectations of $686.84 million. During the same period in the prior year, the firm posted $0.34 earnings per share. The business's quarterly revenue was up 24.0% compared to the same quarter last year. On average, sell-side analysts forecast that Louisiana-Pacific Co. will post 5.79 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be issued a dividend of $0.26 per share. The ex-dividend date is Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a yield of 1.16%. Louisiana-Pacific's payout ratio is 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares of the company's stock, valued at $2,016,692.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.53% of the company's stock.

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.