Skandinaviska Enskilda Banken AB publ Reduces Stake in Louisiana-Pacific Corporation $LPX

Skandinaviska Enskilda Banken AB publ decreased its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 45.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 171,941 shares of the building manufacturing company’s stock after selling 143,938 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.25% of Louisiana-Pacific worth $14,785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Ceredex Value Advisors LLC raised its holdings in Louisiana-Pacific by 57.2% during the second quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock worth $10,671,000 after purchasing an additional 45,175 shares in the last quarter. Norges Bank purchased a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $72,299,000. Northwestern Mutual Wealth Management Co. raised its stake in Louisiana-Pacific by 644.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,132 shares of the building manufacturing company’s stock worth $97,000 after acquiring an additional 980 shares in the last quarter. Aristides Capital LLC acquired a new stake in Louisiana-Pacific during the 2nd quarter worth $227,000. Finally, Quadrant Capital Group LLC lifted its position in Louisiana-Pacific by 172.0% in the second quarter. Quadrant Capital Group LLC now owns 6,085 shares of the building manufacturing company’s stock valued at $523,000 after acquiring an additional 3,848 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Up 0.6%

Louisiana-Pacific stock opened at $82.01 on Friday. The stock has a 50 day moving average of $84.99 and a two-hundred day moving average of $89.62. Louisiana-Pacific Corporation has a twelve month low of $73.42 and a twelve month high of $121.61. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 19.34 and a beta of 1.80. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company had revenue of $663.00 million during the quarter, compared to analyst estimates of $670.26 million. During the same period in the previous year, the firm posted $1.22 EPS. The company’s revenue for the quarter was down 8.2% on a year-over-year basis. As a group, research analysts expect that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

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

Analyst Upgrades and Downgrades

LPX has been the topic of a number of research analyst reports. Wall Street Zen cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Royal Bank Of Canada dropped their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Vertical Research assumed coverage on Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and a consensus target price of $106.33.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Stephen E. Macadam purchased 3,200 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the completion of the purchase, the director directly owned 41,149 shares in the company, valued at $3,212,090.94. The trade was a 8.43% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.42% of the stock is currently owned by 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.