Handelsinvest Investeringsforvaltning Lowers Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Handelsinvest Investeringsforvaltning lowered its stake in Louisiana-Pacific Co. (NYSE:LPX) by 34.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,608 shares of the building manufacturing company’s stock after selling 1,354 shares during the quarter. Handelsinvest Investeringsforvaltning’s holdings in Louisiana-Pacific were worth $219,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Arlington Trust Co LLC purchased a new stake in Louisiana-Pacific in the 4th quarter worth $1,062,000. Price T Rowe Associates Inc. MD lifted its stake in Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after purchasing an additional 712,671 shares in the last quarter. Teza Capital Management LLC purchased a new stake in Louisiana-Pacific in the 3rd quarter worth $288,000. Jacobs Levy Equity Management Inc. lifted its stake in Louisiana-Pacific by 21.2% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 503,348 shares of the building manufacturing company’s stock worth $27,820,000 after purchasing an additional 88,147 shares in the last quarter. Finally, Vest Financial LLC lifted its stake in Louisiana-Pacific by 26.2% in the 4th quarter. Vest Financial LLC now owns 198,516 shares of the building manufacturing company’s stock worth $14,061,000 after purchasing an additional 41,169 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $83.12 on Thursday. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 10.63 and a beta of 1.89. Louisiana-Pacific Co. has a 12 month low of $49.47 and a 12 month high of $95.70. The firm’s 50-day moving average is $86.02 and its 200 day moving average is $77.41. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.13 by $0.40. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm’s revenue was up 24.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.34 EPS. Research analysts predict that Louisiana-Pacific Co. will post 5.79 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a $0.26 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

LPX has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a report on Thursday, May 9th. TD Securities boosted their target price on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a report on Thursday, May 9th. The Goldman Sachs Group downgraded shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and reduced their target price for the stock from $89.00 to $81.00 in a report on Monday, June 17th. Finally, DA Davidson boosted their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $87.11.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the transaction, the director now directly owns 23,501 shares in the company, valued at approximately $2,095,819.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.53% of the company’s stock.

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.