Skandinaviska Enskilda Banken AB publ Acquires Shares of 72,200 Louisiana-Pacific Co. (NYSE:LPX)

Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 72,200 shares of the building manufacturing company’s stock, valued at approximately $5,944,000. Skandinaviska Enskilda Banken AB publ owned about 0.10% of Louisiana-Pacific as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Canada Pension Plan Investment Board raised its stake in shares of Louisiana-Pacific by 40.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 196,400 shares of the building manufacturing company’s stock valued at $16,170,000 after buying an additional 56,700 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $3,705,000. XTX Topco Ltd increased its stake in shares of Louisiana-Pacific by 96.2% in the 2nd quarter. XTX Topco Ltd now owns 21,545 shares of the building manufacturing company’s stock valued at $1,774,000 after purchasing an additional 10,566 shares in the last quarter. Hsbc Holdings PLC increased its stake in shares of Louisiana-Pacific by 168.4% in the 2nd quarter. Hsbc Holdings PLC now owns 79,185 shares of the building manufacturing company’s stock valued at $6,546,000 after purchasing an additional 49,682 shares in the last quarter. Finally, Blair William & Co. IL purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $423,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,900 shares of company stock worth $3,368,774. Insiders own 1.26% of the company’s stock.

Analysts Set New Price Targets

LPX has been the subject of several recent analyst reports. Truist Financial restated a “buy” rating and issued a $105.00 price target (up previously from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. DA Davidson lifted their price target on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, June 14th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Finally, Bank of America boosted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.67.

Louisiana-Pacific Trading Up 1.4 %

Shares of Louisiana-Pacific stock opened at $105.55 on Monday. The stock has a market cap of $7.57 billion, a P/E ratio of 29.00, a P/E/G ratio of 0.60 and a beta of 1.88. The stock’s 50 day simple moving average is $95.09 and its 200-day simple moving average is $87.13. Louisiana-Pacific Co. has a 1-year low of $49.47 and a 1-year high of $106.57. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. Analysts predict that Louisiana-Pacific Co. will post 5.05 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Louisiana-Pacific Company 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.