Louisiana-Pacific Corporation (LPX) Shares Sold by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. lowered its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 17.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 148,681 shares of the construction company’s stock after selling 31,380 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned 0.10% of Louisiana-Pacific Corporation worth $3,585,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Alps Advisors Inc. increased its position in shares of Louisiana-Pacific Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock worth $489,000 after purchasing an additional 52 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Louisiana-Pacific Corporation by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock worth $278,000 after purchasing an additional 54 shares during the last quarter. Creative Planning increased its position in shares of Louisiana-Pacific Corporation by 1.9% in the 2nd quarter. Creative Planning now owns 7,773 shares of the construction company’s stock worth $187,000 after purchasing an additional 147 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Louisiana-Pacific Corporation by 2.1% in the 2nd quarter. Capstone Asset Management Co. now owns 9,538 shares of the construction company’s stock worth $230,000 after purchasing an additional 200 shares during the last quarter. Finally, World Asset Management Inc increased its position in shares of Louisiana-Pacific Corporation by 2.3% in the 2nd quarter. World Asset Management Inc now owns 9,147 shares of the construction company’s stock worth $221,000 after purchasing an additional 203 shares during the last quarter. 91.12% of the stock is owned by institutional investors.

LPX has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 target price on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. ValuEngine raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $22.00 target price on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $27.00.

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In other Louisiana-Pacific Corporation news, SVP Michael Sims sold 5,871 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total value of $158,869.26. Following the completion of the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.48% of the stock is owned by corporate insiders.

Shares of Louisiana-Pacific Corporation (NYSE:LPX) opened at 26.70 on Thursday. The company has a market cap of $3.87 billion, a P/E ratio of 15.21 and a beta of 1.27. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $27.75. The company’s 50 day moving average is $24.84 and its 200-day moving average is $24.47.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The company had revenue of $694.00 million during the quarter, compared to the consensus estimate of $700.73 million. During the same period last year, the company earned $0.28 earnings per share. Louisiana-Pacific Corporation’s revenue for the quarter was up 19.2% on a year-over-year basis. Analysts expect that Louisiana-Pacific Corporation will post $1.98 EPS for the current fiscal year.

About Louisiana-Pacific Corporation

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.

Institutional Ownership by Quarter for Louisiana-Pacific Corporation (NYSE:LPX)

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