Handelsbanken Fonder AB Purchases 2,900 Shares of Louisiana-Pacific Co. (NYSE:LPX)

Handelsbanken Fonder AB increased its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 20.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,076 shares of the building manufacturing company’s stock after buying an additional 2,900 shares during the period. Handelsbanken Fonder AB’s holdings in Louisiana-Pacific were worth $1,768,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Hanseatic Management Services Inc. raised its stake in Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Louisiana-Pacific by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock worth $1,802,000 after buying an additional 100 shares during the last quarter. CIBC Asset Management Inc raised its stake in Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock worth $228,000 after buying an additional 114 shares during the last quarter. Stratos Wealth Partners LTD. raised its stake in Louisiana-Pacific by 5.6% during the fourth quarter. Stratos Wealth Partners LTD. now owns 2,340 shares of the building manufacturing company’s stock worth $242,000 after buying an additional 124 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in Louisiana-Pacific by 7.1% during the fourth quarter. Sanctuary Advisors LLC now owns 1,862 shares of the building manufacturing company’s stock worth $193,000 after buying an additional 124 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.26% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on LPX shares. TD Securities reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Truist Financial raised their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, BMO Capital Markets raised their price target 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $111.50.

Louisiana-Pacific Stock Up 3.3 %

Shares of NYSE LPX opened at $100.91 on Wednesday. The stock has a market capitalization of $7.03 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.24 and a beta of 1.95. The company has a 50-day moving average price of $109.73 and a 200-day moving average price of $106.71. Louisiana-Pacific Co. has a 1 year low of $69.94 and a 1 year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The firm 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 business’s revenue was up 3.5% on a year-over-year basis. During the same period last year, the company earned $0.71 earnings per share. On average, equities research analysts forecast that Louisiana-Pacific Co. will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.11%. Louisiana-Pacific’s payout ratio is 19.05%.

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.