Handelsinvest Investeringsforvaltning Has $219,000 Stake in Louisiana-Pacific Co. (NYSE:LPX)

Handelsinvest Investeringsforvaltning trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPXFree Report) by 34.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,608 shares of the building manufacturing company’s stock after selling 1,354 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Louisiana-Pacific were worth $219,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. State of Michigan Retirement System lifted its holdings in Louisiana-Pacific by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 15,758 shares of the building manufacturing company’s stock worth $1,322,000 after purchasing an additional 400 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Louisiana-Pacific by 48,193.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock valued at $13,616,000 after acquiring an additional 161,931 shares in the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new position in Louisiana-Pacific in the 1st quarter valued at $200,000. First Hawaiian Bank raised its holdings in Louisiana-Pacific by 22.0% in the 1st quarter. First Hawaiian Bank now owns 10,481 shares of the building manufacturing company’s stock valued at $879,000 after acquiring an additional 1,890 shares in the last quarter. Finally, Moody National Bank Trust Division raised its holdings in Louisiana-Pacific by 20.9% in the 1st quarter. Moody National Bank Trust Division now owns 7,812 shares of the building manufacturing company’s stock valued at $656,000 after acquiring an additional 1,350 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on LPX shares. BMO Capital Markets lifted their price objective on Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. The Goldman Sachs Group cut Louisiana-Pacific from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $89.00 to $81.00 in a report on Monday, June 17th. DA Davidson lifted their price objective on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. Loop Capital initiated coverage on Louisiana-Pacific in a research note on Friday, May 3rd. They issued a “hold” rating and a $82.00 price target on the stock. Finally, Seaport Res Ptn lowered Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $87.11.

View Our Latest Research Report on Louisiana-Pacific

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.53% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Trading Up 1.5 %

Shares of LPX stock opened at $83.12 on Thursday. The firm has a market capitalization of $5.96 billion, a P/E ratio of 22.84, a P/E/G ratio of 10.63 and a beta of 1.89. Louisiana-Pacific Co. has a twelve month low of $49.47 and a twelve month high of $95.70. The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $86.02 and its 200 day simple moving average is $77.41.

Louisiana-Pacific (NYSE:LPXGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.40. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. Louisiana-Pacific’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 EPS. As a group, sell-side analysts predict that Louisiana-Pacific Co. will post 5.79 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.26 per share. The ex-dividend date was Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a yield of 1.25%. Louisiana-Pacific’s dividend payout ratio is currently 28.57%.

Louisiana-Pacific Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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