Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 12,100 shares of the building manufacturing company’s stock, valued at approximately $317,000.
A number of other institutional investors have also recently made changes to their positions in LPX. Victory Capital Management Inc. purchased a new position in Louisiana-Pacific during the 1st quarter worth $34,631,000. First Trust Advisors LP increased its holdings in shares of Louisiana-Pacific by 1,090.7% in the 1st quarter. First Trust Advisors LP now owns 739,656 shares of the building manufacturing company’s stock valued at $18,033,000 after purchasing an additional 677,534 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Louisiana-Pacific by 70.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,575,074 shares of the building manufacturing company’s stock valued at $38,400,000 after purchasing an additional 652,912 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Louisiana-Pacific by 302.8% in the 1st quarter. Royce & Associates LP now owns 811,000 shares of the building manufacturing company’s stock valued at $19,772,000 after purchasing an additional 609,672 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Louisiana-Pacific by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,008,078 shares of the building manufacturing company’s stock valued at $111,278,000 after purchasing an additional 390,428 shares in the last quarter. Institutional investors own 89.45% of the company’s stock.
NYSE:LPX remained flat at $$23.32 during mid-day trading on Friday. 1,728,407 shares of the company’s stock traded hands, compared to its average volume of 1,837,397. The company has a current ratio of 3.62, a quick ratio of 2.34 and a debt-to-equity ratio of 0.28. The business has a 50-day simple moving average of $24.06 and a 200 day simple moving average of $24.68. Louisiana-Pacific Co. has a 52-week low of $20.39 and a 52-week high of $32.16. The stock has a market capitalization of $2.88 billion, a P/E ratio of 18.51 and a beta of 1.43.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.135 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.54 annualized dividend and a yield of 2.32%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.71%.
A number of equities analysts have recently issued reports on LPX shares. Royal Bank of Canada reiterated a “buy” rating and issued a $30.00 price target on shares of Louisiana-Pacific in a report on Thursday, August 8th. Longbow Research upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 price target for the company in a report on Monday, May 20th. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price target for the company in a report on Friday, August 2nd. TD Securities cut their price target on shares of Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating for the company in a report on Wednesday, August 7th. Finally, ValuEngine upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, August 31st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $28.84.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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