Canada Pension Plan Investment Board boosted its position in Louisiana-Pacific Corporation (NYSE:LPX) by 30.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 521,200 shares of the construction company’s stock after buying an additional 121,600 shares during the period. Canada Pension Plan Investment Board owned approximately 0.36% of Louisiana-Pacific Corporation worth $14,114,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. NJ State Employees Deferred Compensation Plan purchased a new position in Louisiana-Pacific Corporation in the 3rd quarter valued at $271,000. Parametrica Management Ltd purchased a new position in Louisiana-Pacific Corporation in the 3rd quarter valued at $498,000. Crossmark Global Holdings Inc. purchased a new position in Louisiana-Pacific Corporation in the 3rd quarter valued at $292,000. Raymond James Financial Services Advisors Inc. purchased a new position in Louisiana-Pacific Corporation in the 3rd quarter valued at $673,000. Finally, New England Research & Management Inc. purchased a new position in Louisiana-Pacific Corporation in the 3rd quarter valued at $946,000. Hedge funds and other institutional investors own 91.43% of the company’s stock.
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In other news, SVP Michael Sims sold 5,871 shares of Louisiana-Pacific Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total transaction of $158,869.26. Following the completion of the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Rebecca Anne Barckley sold 5,128 shares of Louisiana-Pacific Corporation stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total value of $138,456.00. Following the transaction, the insider now directly owns 7,305 shares of the company’s stock, valued at approximately $197,235. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.
A number of research firms recently weighed in on LPX. Zacks Investment Research lowered shares of Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research report on Friday. Stephens began coverage on shares of Louisiana-Pacific Corporation in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 price objective on the stock. BidaskClub lowered shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and issued a $22.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 target price on shares of Louisiana-Pacific Corporation in a report on Wednesday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $29.67.
Shares of Louisiana-Pacific Corporation (LPX) opened at $26.83 on Friday. Louisiana-Pacific Corporation has a fifty-two week low of $17.50 and a fifty-two week high of $29.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.05. The company has a market capitalization of $3,884.06, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 2.59 and a beta of 1.50.
Louisiana-Pacific Corporation (NYSE:LPX) last released its earnings results on Monday, November 6th. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Louisiana-Pacific Corporation had a net margin of 11.72% and a return on equity of 20.27%. The business had revenue of $718.30 million during the quarter, compared to analyst estimates of $731.47 million. During the same period last year, the business posted $0.32 EPS. Louisiana-Pacific Corporation’s revenue was up 20.4% compared to the same quarter last year. equities research analysts expect that Louisiana-Pacific Corporation will post 2.07 EPS for the current year.
Louisiana-Pacific Corporation 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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