Handelsbanken Fonder AB Grows Position in Louisiana-Pacific Co. (NYSE:LPX)

Handelsbanken Fonder AB boosted its holdings in shares of Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 20.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,076 shares of the building manufacturing company's stock after purchasing an additional 2,900 shares during the period. Handelsbanken Fonder AB's holdings in Louisiana-Pacific were worth $1,768,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of Louisiana-Pacific by 25.2% in the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company's stock valued at $340,427,000 after acquiring an additional 638,058 shares in the last quarter. State Street Corp boosted its holdings in shares of Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company's stock valued at $231,529,000 after acquiring an additional 210,113 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company's stock valued at $118,895,000 after acquiring an additional 1,096,804 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Louisiana-Pacific by 32.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company's stock valued at $71,192,000 after acquiring an additional 162,976 shares in the last quarter. Finally, Bamco Inc. NY boosted its holdings in shares of Louisiana-Pacific by 65.7% in the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company's stock valued at $55,500,000 after acquiring an additional 204,828 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

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Louisiana-Pacific Price Performance

LPX traded up $0.16 during midday trading on Friday, reaching $99.67. 707,168 shares of the company's stock were exchanged, compared to its average volume of 689,971. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market capitalization of $6.95 billion, a PE ratio of 16.95, a P/E/G ratio of 1.24 and a beta of 1.95. The business's 50-day moving average price is $109.48 and its 200 day moving average price is $106.66. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 earnings per share. As a group, equities analysts anticipate that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a dividend of $0.28 per share. The ex-dividend date is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's payout ratio is presently 19.05%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LPX. TD Securities lowered their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. DA Davidson lowered their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. StockNews.com cut shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Loop Capital reduced their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. Finally, Truist Financial raised their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $111.50.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares of the company's stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.26% of the stock is currently 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.