Xact Kapitalforvaltning AB Takes Position in Louisiana-Pacific (LPX)

Xact Kapitalforvaltning AB acquired a new stake in Louisiana-Pacific (NYSE:LPX) during the 4th quarter, Holdings Channel reports. The fund acquired 13,676 shares of the construction company’s stock, valued at approximately $359,000.

A number of other large investors have also modified their holdings of LPX. Macquarie Group Ltd. bought a new stake in Louisiana-Pacific during the 3rd quarter worth about $265,000. Great West Life Assurance Co. Can lifted its position in Louisiana-Pacific by 7.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 119,589 shares of the construction company’s stock worth $3,367,000 after buying an additional 8,551 shares in the last quarter. Legal & General Group Plc lifted its position in Louisiana-Pacific by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 126,430 shares of the construction company’s stock worth $3,423,000 after buying an additional 14,942 shares in the last quarter. Wells Fargo & Company MN lifted its position in Louisiana-Pacific by 88.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,769,279 shares of the construction company’s stock worth $47,912,000 after buying an additional 830,446 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. lifted its position in Louisiana-Pacific by 12.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 871,918 shares of the construction company’s stock worth $23,612,000 after buying an additional 97,556 shares in the last quarter. 94.61% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of LPX stock opened at $29.54 on Monday. The company has a current ratio of 5.03, a quick ratio of 4.07 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $4,281.82, a PE ratio of 12.68, a PEG ratio of 2.18 and a beta of 1.55. Louisiana-Pacific has a 52-week low of $22.07 and a 52-week high of $31.07.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, February 13th. The construction company reported $0.73 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.15. The company had revenue of $710.60 million for the quarter, compared to analysts’ expectations of $654.26 million. Louisiana-Pacific had a net margin of 14.26% and a return on equity of 24.05%. Louisiana-Pacific’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 EPS. equities analysts forecast that Louisiana-Pacific will post 2.71 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th were issued a $0.13 dividend. The ex-dividend date was Friday, February 23rd. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.76%. Louisiana-Pacific’s payout ratio is 22.32%.

Several equities research analysts have commented on the stock. Royal Bank of Canada reissued a “buy” rating and set a $39.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, April 3rd. ValuEngine raised shares of Louisiana-Pacific from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, April 3rd. BMO Capital Markets set a $25.00 price target on shares of Louisiana-Pacific and gave the stock a “sell” rating in a research report on Tuesday, February 13th. Stephens set a $32.00 price target on shares of Louisiana-Pacific and gave the stock a “hold” rating in a research report on Tuesday, February 13th. Finally, Seaport Global Securities assumed coverage on shares of Louisiana-Pacific in a research report on Thursday, March 15th. They set a “buy” rating and a $37.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $31.75.

In other news, EVP Neil Sherman sold 18,885 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.04, for a total value of $567,305.40. Following the sale, the executive vice president now directly owns 62,770 shares of the company’s stock, valued at approximately $1,885,610.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Gary Cook sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $28.58, for a total transaction of $142,900.00. Following the completion of the sale, the director now directly owns 50,026 shares in the company, valued at $1,429,743.08. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by corporate insiders.

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Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as 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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Institutional Ownership by Quarter for Louisiana-Pacific (NYSE:LPX)

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