BW Gestao de Investimentos Ltda. Acquires Shares of 350,000 Louisiana-Pacific Corporation (LPX)

BW Gestao de Investimentos Ltda. acquired a new stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 350,000 shares of the construction company’s stock, valued at approximately $8,439,000. Louisiana-Pacific Corporation makes up 2.3% of BW Gestao de Investimentos Ltda.’s investment portfolio, making the stock its 9th biggest holding. BW Gestao de Investimentos Ltda. owned 0.24% of Louisiana-Pacific Corporation at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LPX. UBS Asset Management Americas Inc. increased its stake in Louisiana-Pacific Corporation by 127.5% during the 1st quarter. UBS Asset Management Americas Inc. now owns 182,099 shares of the construction company’s stock valued at $4,520,000 after purchasing an additional 102,065 shares in the last quarter. State of Tennessee Treasury Department bought a new stake in Louisiana-Pacific Corporation during the 1st quarter valued at about $496,000. JPMorgan Chase & Co. increased its stake in Louisiana-Pacific Corporation by 94.8% during the 1st quarter. JPMorgan Chase & Co. now owns 344,282 shares of the construction company’s stock valued at $8,545,000 after purchasing an additional 167,507 shares in the last quarter. Prudential Financial Inc. increased its stake in Louisiana-Pacific Corporation by 117.2% during the 1st quarter. Prudential Financial Inc. now owns 200,880 shares of the construction company’s stock valued at $4,986,000 after purchasing an additional 108,380 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Louisiana-Pacific Corporation by 34.5% during the 1st quarter. Alliancebernstein L.P. now owns 342,607 shares of the construction company’s stock valued at $8,504,000 after purchasing an additional 87,940 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.

A number of analysts have weighed in on the stock. Royal Bank Of Canada raised their price objective on shares of Louisiana-Pacific Corporation and gave the company an “outperform” rating in a research note on Tuesday, September 26th. BMO Capital Markets lowered shares of Louisiana-Pacific Corporation from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Longbow Research restated a “neutral” rating on shares of Louisiana-Pacific Corporation in a research note on Tuesday. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Zacks Investment Research lowered shares of Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 21st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Louisiana-Pacific Corporation currently has a consensus rating of “Hold” and an average target price of $28.40.

Louisiana-Pacific Corporation (NYSE:LPX) traded up 0.694% during trading on Thursday, hitting $28.295. 490,037 shares of the company were exchanged. The stock has a market capitalization of $4.10 billion, a PE ratio of 16.113 and a beta of 1.31. The firm’s 50 day moving average price is $26.89 and its 200-day moving average price is $25.07. Louisiana-Pacific Corporation has a 1-year low of $17.08 and a 1-year high of $29.44.

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 the Thomson Reuters’ 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 business had revenue of $694.00 million during the quarter, compared to analyst estimates of $700.73 million. During the same quarter last year, the company posted $0.28 EPS. Louisiana-Pacific Corporation’s quarterly revenue was up 19.2% compared to the same quarter last year. Equities analysts predict that Louisiana-Pacific Corporation will post $2.13 EPS for the current year.

In related news, SVP Michael Sims sold 5,871 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Rebecca Anne Barckley sold 5,128 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total transaction of $138,456.00. Following the completion of the transaction, the insider now owns 7,305 shares in the company, valued at approximately $197,235. 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 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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Institutional Ownership by Quarter for Louisiana-Pacific Corporation (NYSE:LPX)

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