Skandinaviska Enskilda Banken AB publ Grows Position in Louisiana-Pacific Co. (NYSE:LPX)

Skandinaviska Enskilda Banken AB publ increased its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 52.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,738 shares of the building manufacturing company's stock after acquiring an additional 79,038 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.33% of Louisiana-Pacific worth $23,865,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Louisiana-Pacific by 36.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company's stock worth $2,261,000 after buying an additional 5,645 shares in the last quarter. Miracle Mile Advisors LLC grew its holdings in shares of Louisiana-Pacific by 269.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock worth $4,318,000 after buying an additional 30,418 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Louisiana-Pacific by 238.1% during the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company's stock worth $2,136,000 after buying an additional 14,001 shares in the last quarter. Truist Financial Corp grew its holdings in shares of Louisiana-Pacific by 47.3% during the fourth quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock worth $1,010,000 after buying an additional 3,129 shares in the last quarter. Finally, Symphony Financial Ltd. Co. purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth $259,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LPX. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Royal Bank of Canada reissued an "outperform" rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research report on Monday, January 6th. TD Securities lowered their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research report on Thursday, February 20th. Finally, DA Davidson lowered their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research report on Thursday, February 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $111.50.

Louisiana-Pacific Trading Down 1.0 %

NYSE LPX traded down $0.97 during trading hours on Tuesday, reaching $92.61. The company had a trading volume of 383,172 shares, compared to its average volume of 737,339. The stock has a 50-day moving average of $107.16 and a 200 day moving average of $106.66. Louisiana-Pacific Co. has a 1-year low of $71.39 and a 1-year high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $6.45 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02.

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

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Louisiana-Pacific's previous quarterly dividend of $0.26. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

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.