Capstone Asset Management Co. increased its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 2.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,538 shares of the construction company’s stock after buying an additional 200 shares during the period. Capstone Asset Management Co.’s holdings in Louisiana-Pacific Corporation were worth $230,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. raised its position 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. Iridian Asset Management LLC CT bought a new position in shares of Louisiana-Pacific Corporation during the first quarter valued at approximately $70,106,000. Vanguard Group Inc. raised its position 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. MARSHALL WACE ASIA Ltd bought a new position in shares of Louisiana-Pacific Corporation during the first quarter valued at approximately $28,202,000. Finally, Marshall Wace North America L.P. bought a new position in shares of Louisiana-Pacific Corporation during the first quarter valued at approximately $28,202,000. 93.94% of the stock is owned by hedge funds and other institutional investors.
Louisiana-Pacific Corporation (NYSE:LPX) traded up 1.52% during trading on Friday, reaching $24.08. 2,082,900 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $24.68 and a 200-day moving average of $24.10. The stock has a market capitalization of $3.49 billion, a PE ratio of 13.71 and a beta of 1.34. Louisiana-Pacific Corporation has a 52 week low of $17.08 and a 52 week high of $26.93.
Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $694 million during the quarter, compared to analyst estimates of $700.73 million. During the same period last year, the company earned $0.28 earnings per share. The business’s revenue for the quarter was up 19.2% compared to the same quarter last year. 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 subject of several research analyst reports. Zacks Investment Research lowered shares of Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 21st. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. ValuEngine raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. DA Davidson lowered shares of Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. Finally, TD Securities reaffirmed a “hold” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Louisiana-Pacific Corporation currently 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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