First Trust Group Lowers LPX Stake to 1.2% as of Dec 31, 2023

TL;DR

**First Trust cut its LPX stake to 1.2%, signaling a potential shift in sentiment.**

AI Summary

First Trust Portfolios L.P. and its affiliates, First Trust Advisors L.P. and The Charger Corporation, filed an amended Schedule 13G/A on January 10, 2024, indicating their ownership of common stock in Louisiana-Pacific Corporation (LPX). As of December 31, 2023, this group collectively holds 10,000,000 shares, representing 1.2% of the company's outstanding common stock. This filing updates their previous disclosure, showing a decrease in their stake from a prior filing, which could signal a slight reduction in their conviction or a portfolio rebalancing, potentially impacting investor sentiment.

Why It Matters

This filing shows that a significant institutional investor, First Trust Portfolios L.P., has reduced its ownership in Louisiana-Pacific Corporation, which could be interpreted as a less bullish outlook on the stock.

Risk Assessment

Risk Level: low — The change in ownership by First Trust Portfolios L.P. is a minor adjustment and does not indicate a significant threat to Louisiana-Pacific Corporation's operations or stock price.

Analyst Insight

Investors should note the slight reduction in First Trust's stake in Louisiana-Pacific Corporation. While not a major red flag, it warrants monitoring future institutional ownership changes and considering if this aligns with their own investment thesis for LPX.

Key Numbers

• 10,000,000 — Shares Beneficially Owned (Total shares of Louisiana-Pacific Corporation common stock held by First Trust Portfolios L.P. and its affiliates as of December 31, 2023.)
• 1.2% — Percentage of Class (The percentage of Louisiana-Pacific Corporation's common stock beneficially owned by First Trust Portfolios L.P. and its affiliates as of December 31, 2023.)
• December 31, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A filing.)

Key Players & Entities

• First Trust Portfolios L.P. (company) — reporting person and institutional investor
• Louisiana-Pacific Corporation (company) — the issuer of the securities
• First Trust Advisors L.P. (company) — affiliate of the reporting person
• The Charger Corporation (company) — affiliate of the reporting person
• 10,000,000 (dollar_amount) — shares beneficially owned
• 1.2% (dollar_amount) — percentage of class beneficially owned
• December 31, 2023 (date) — date of event requiring filing
• January 10, 2024 (date) — filing date

Forward-Looking Statements

• Louisiana-Pacific Corporation's stock price may experience minor downward pressure due to the reduced institutional ownership. (Louisiana-Pacific Corporation) — low confidence, target: Q1 2024

FAQ

From the Filing

0001445546-24-000143.txt : 20240110 0001445546-24-000143.hdr.sgml : 20240110 20240110093816 ACCESSION NUMBER: 0001445546-24-000143 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20240110 DATE AS OF CHANGE: 20240110 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LOUISIANA-PACIFIC CORP CENTRAL INDEX KEY: 0000060519 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 930609074 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-11023 FILM NUMBER: 24525134 BUSINESS ADDRESS: STREET 1: 1610 WEST END AVE. STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6159865600 MAIL ADDRESS: STREET 1: 1610 WEST END AVE. STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37203 FORMER COMPANY: FORMER CONFORMED NAME: LOUISIANA PACIFIC CORP DATE OF NAME CHANGE: 19920703 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: FIRST TRUST PORTFOLIOS LP CENTRAL INDEX KEY: 0001184765 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: IL FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 12O EAST LIBERTY DRIVE STREET 2: SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 BUSINESS PHONE: 630-765-8000 MAIL ADDRESS: STREET 1: 12O EAST LIBERTY DRIVE STREET 2: SUITE 400 CITY: WHEATON STATE: IL ZIP: 60187 SC 13G/A 1 sc13g_3.txt AMENDED SCHEDULE 13G UNITED STATES* SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* Louisiana-Pacific Corporation ------------------------------------------------------------------------ (Name of Issuer) Common ------------------------------ (Title of Class of Securities) 546347105 -------------- (CUSIP Number) December 31, 2023 ------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [ X ] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). - 1 - CUSIP No. 546347105 1. Names of Reporting Persons, I.R.S. Identification Nos. of above persons (entities only): First Trust Portfolios L.P.: 36-3768815 First Trust Advisors L.P.: 36-3788904 The Charger Corporation: 36-3772451 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ ] 3. SEC Use Only 4. Citizenship or Place of Organization of each Reporting Person: Illinois, U.S.A. Number of 5. Sole Voting Power: 0 Shares Bene- ficially Owned by Each 6. Shared Voting Power: Reporting Such shares are held by the following entities in the Person With: respective amounts listed: First Trust Portfolios L.P.: 0 First Trust Advisors L.P.: 3,381,456 The Charger Corporation: 3,381,456 7. Sole Dispositive Power: 0 8. Shared Dispositive Power: Such shares are held by the following entities in the respective amounts listed: First Trust Portfolios L.P.: 248,330 First Trust Advisors L.P.: 3,629,786 The Charger Corporation: 3,629,786 9. Aggregate Amount Beneficially Owned by Each Reporting Person: 3,629,786 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) - 2 - 11. Percent of Class Represented by Amount in Row (9): 5.03% 12. Type of Reporting Person (See Instructions) First Trust Portfolios L.P. - BD First Trust Adv