Louisiana-Pacific Corporation (LPX) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 307.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 427,878 shares of the construction company’s stock after buying an additional 322,904 shares during the period. Russell Investments Group Ltd. owned 0.30% of Louisiana-Pacific Corporation worth $10,317,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. increased its stake in shares of Louisiana-Pacific Corporation by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock valued at $409,068,000 after buying an additional 16,415,153 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Louisiana-Pacific Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock valued at $327,572,000 after buying an additional 1,835,706 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Louisiana-Pacific Corporation by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,698,756 shares of the construction company’s stock valued at $116,621,000 after buying an additional 86,021 shares during the last quarter. State Street Corp increased its stake in shares of Louisiana-Pacific Corporation by 2.6% in the first quarter. State Street Corp now owns 4,447,534 shares of the construction company’s stock valued at $110,384,000 after buying an additional 113,961 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Louisiana-Pacific Corporation by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 3,205,437 shares of the construction company’s stock valued at $79,558,000 after buying an additional 305,393 shares during the last quarter. 93.94% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Corporation (NYSE LPX) traded up 0.16% during trading on Tuesday, reaching $24.43. The company’s stock had a trading volume of 307,093 shares. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $26.92. The company has a market cap of $3.54 billion, a P/E ratio of 13.91 and a beta of 1.34. The stock’s 50-day moving average is $24.70 and its 200 day moving average is $24.03.

Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the consensus estimate 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 million for the quarter, compared to analyst estimates of $700.73 million. During the same quarter in the prior year, the company posted $0.28 EPS. Louisiana-Pacific Corporation’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, equities analysts forecast that Louisiana-Pacific Corporation will post $1.90 EPS for the current fiscal year.

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Several analysts recently commented on LPX shares. Zacks Investment Research downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 target price on shares of Louisiana-Pacific Corporation in a report on Tuesday, May 23rd. ValuEngine upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Finally, DA Davidson cut Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target 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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