First Quadrant L P CA acquired a new position in Louisiana-Pacific Corporation (NYSE:LPX) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,605 shares of the construction company’s stock, valued at approximately $473,000.
A number of other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its position in shares of Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock worth $187,000 after buying an additional 147 shares during the period. Acrospire Investment Management LLC increased its position in shares of Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock worth $192,000 after buying an additional 60 shares during the period. Breton Hill Capital Ltd. bought a new position in shares of Louisiana-Pacific Corporation during the first quarter worth $221,000. World Asset Management Inc purchased a new stake in shares of Louisiana-Pacific Corporation during the first quarter worth about $222,000. Finally, Capstone Asset Management Co. boosted its stake in shares of Louisiana-Pacific Corporation by 2.1% in the second quarter. Capstone Asset Management Co. now owns 9,538 shares of the construction company’s stock worth $230,000 after buying an additional 200 shares in the last quarter. 94.99% of the stock is currently owned by hedge funds and other institutional investors.
Louisiana-Pacific Corporation (NYSE:LPX) traded down 0.82% during trading on Wednesday, reaching $24.30. The company’s stock had a trading volume of 1,304,025 shares. The company has a market capitalization of $3.52 billion, a P/E ratio of 13.84 and a beta of 1.34. Louisiana-Pacific Corporation has a 12-month low of $17.08 and a 12-month high of $26.92. The firm’s 50-day moving average price is $24.69 and its 200 day moving average price is $23.74.
Louisiana-Pacific Corporation (NYSE:LPX) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by $0.03. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The firm had revenue of $694 million for the quarter, compared to analysts’ expectations of $700.73 million. During the same quarter in the prior year, the business earned $0.28 earnings per share. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts predict that Louisiana-Pacific Corporation will post $1.90 earnings per share for the current fiscal year.
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Several equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, August 3rd. BMO Capital Markets reiterated a “hold” rating and set a $22.00 price target on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. BidaskClub cut shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Royal Bank Of Canada restated a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. Finally, TD Securities restated a “hold” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Louisiana-Pacific Corporation has an average rating of “Hold” and an average target price of $27.00.
Louisiana-Pacific Corporation Company Profile
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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