First Midwest Bank Trust Division increased its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 6.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,063 shares of the construction company’s stock after buying an additional 1,071 shares during the period. First Midwest Bank Trust Division’s holdings in Louisiana-Pacific Corporation were worth $460,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in LPX. US Bancorp DE increased its stake in shares of Louisiana-Pacific Corporation by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock valued at $149,000 after buying an additional 400 shares during the period. Creative Planning increased its stake 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 valued at $187,000 after buying an additional 147 shares during the period. Acrospire Investment Management LLC increased its stake 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 valued at $192,000 after buying an additional 60 shares during the period. Breton Hill Capital Ltd. bought a new stake in shares of Louisiana-Pacific Corporation during the first quarter valued at approximately $221,000. Finally, World Asset Management Inc bought a new stake in shares of Louisiana-Pacific Corporation during the first quarter valued at approximately $222,000. Hedge funds and other institutional investors own 93.94% of the company’s stock.
Louisiana-Pacific Corporation (NYSE LPX) traded up 1.10% during trading on Friday, reaching $23.98. 585,642 shares of the company’s stock were exchanged. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 13.66 and a beta of 1.34. The firm’s 50-day moving average price is $24.68 and its 200-day moving average price is $24.07. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $26.92.
Louisiana-Pacific Corporation (NYSE:LPX) last released its quarterly earnings data 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. The business had revenue of $694 million during the quarter, compared to the consensus estimate of $700.73 million. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The business’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. On average, equities research analysts anticipate that Louisiana-Pacific Corporation will post $1.90 EPS for the current year.
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LPX has been the topic of several research analyst reports. ValuEngine upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $32.00 price target on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, July 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $22.00 price target on shares of Louisiana-Pacific Corporation in a research note on Thursday, July 27th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus 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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