Skandinaviska Enskilda Banken AB publ Cuts Position in Louisiana-Pacific Corporation $LPX

Skandinaviska Enskilda Banken AB publ lowered its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 45.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 171,941 shares of the building manufacturing company’s stock after selling 143,938 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Louisiana-Pacific were worth $14,785,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moran Wealth Management LLC increased its holdings in shares of Louisiana-Pacific by 2.4% in the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock valued at $568,000 after purchasing an additional 156 shares in the last quarter. Advisors Asset Management Inc. grew its position in Louisiana-Pacific by 2.2% during the first quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company’s stock worth $732,000 after buying an additional 170 shares during the period. Wealthspire Advisors LLC increased its holdings in Louisiana-Pacific by 3.3% in the first quarter. Wealthspire Advisors LLC now owns 6,292 shares of the building manufacturing company’s stock valued at $579,000 after buying an additional 200 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of Louisiana-Pacific by 3.6% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 6,215 shares of the building manufacturing company’s stock valued at $572,000 after acquiring an additional 218 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in shares of Louisiana-Pacific by 9.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,904 shares of the building manufacturing company’s stock valued at $267,000 after acquiring an additional 261 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Louisiana-Pacific

In other news, Director Stephen E. Macadam purchased 3,200 shares of the stock in a transaction dated Friday, November 7th. The stock was acquired at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the acquisition, the director directly owned 41,149 shares in the company, valued at $3,212,090.94. This represents a 8.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.42% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Vertical Research started coverage on Louisiana-Pacific in a research report on Monday, October 20th. They set a “buy” rating on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Royal Bank Of Canada dropped their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th. Finally, TD Securities decreased their price objective on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $106.33.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $82.01 on Friday. Louisiana-Pacific Corporation has a fifty-two week low of $73.42 and a fifty-two week high of $121.61. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 19.34 and a beta of 1.80. The stock has a fifty day moving average of $84.99 and a two-hundred day moving average of $89.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The company had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The firm’s revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.22 earnings per share. On average, analysts anticipate that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 36.25%.

About Louisiana-Pacific

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.