Louisiana-Pacific Corp. (NYSE:LPX)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $19.24 and last traded at $19.17, with a volume of 798,602 shares traded. The stock had previously closed at $18.85.

Several research firms have recently issued reports on LPX. Zacks Investment Research raised Louisiana-Pacific Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Vertical Research lowered Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, March 17th. Finally, Vertical Group lowered Louisiana-Pacific Corp. to a “hold” rating in a research report on Thursday, March 17th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Louisiana-Pacific Corp. has a consensus rating of “Buy” and an average target price of $18.44.

The company has a 50 day moving average of $17.63 and a 200-day moving average of $16.85. The firm’s market capitalization is $2.75 billion.

Louisiana-Pacific Corp. (NYSE:LPX) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.75. During the same period last year, the company earned ($0.13) EPS. The business earned $504.60 million during the quarter, compared to the consensus estimate of $513.81 million. The business’s revenue was up 7.1% compared to the same quarter last year. Analysts predict that Louisiana-Pacific Corp. will post $0.66 earnings per share for the current fiscal year.

In other news, Director Colin D. Watson sold 4,717 shares of the stock in a transaction on Friday, June 10th. The stock was sold at an average price of $17.88, for a total transaction of $84,339.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Curtis M. Stevens sold 116,100 shares of the stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $18.49, for a total value of $2,146,689.00. Following the transaction, the chief executive officer now directly owns 359,418 shares in the company, valued at approximately $6,645,638.82. The disclosure for this sale can be found here.

Several institutional investors have recently bought and sold shares of the company. Retirement Systems of Alabama increased its position in Louisiana-Pacific Corp. by 1.5% in the fourth quarter. Retirement Systems of Alabama now owns 183,567 shares of the company’s stock worth $3,306,000 after buying an additional 2,628 shares during the last quarter. California State Teachers Retirement System increased its position in Louisiana-Pacific Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 264,004 shares of the company’s stock worth $4,755,000 after buying an additional 4,036 shares during the last quarter. Sei Investments Co. increased its position in Louisiana-Pacific Corp. by 12.5% in the fourth quarter. Sei Investments Co. now owns 72,060 shares of the company’s stock worth $1,299,000 after buying an additional 7,979 shares during the last quarter. Rhumbline Advisers increased its position in Louisiana-Pacific Corp. by 3.7% in the fourth quarter. Rhumbline Advisers now owns 281,085 shares of the company’s stock worth $5,062,000 after buying an additional 10,090 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in Louisiana-Pacific Corp. by 8.4% in the fourth quarter. California Public Employees Retirement System now owns 386,900 shares of the company’s stock worth $6,968,000 after buying an additional 30,100 shares during the last quarter.

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: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.