Louisiana-Pacific Corp. (NYSE:LPX) shares hit 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 analysts recently issued reports on the company. Zacks Investment Research upgraded Louisiana-Pacific Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Vertical Research downgraded Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, March 17th. Finally, Vertical Group downgraded 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’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.44.

The firm’s market capitalization is $2.74 billion. The firm’s 50-day moving average is $17.70 and its 200 day moving average is $16.88.

Louisiana-Pacific Corp. (NYSE:LPX) last posted its earnings results on Monday, May 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.75. The firm earned $504.60 million during the quarter, compared to analyst estimates of $513.81 million. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.13) earnings per share. Analysts anticipate that Louisiana-Pacific Corp. will post $0.66 earnings per share for the current fiscal year.

In related news, Director Colin D. Watson sold 14,845 shares of the firm’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $18.58, for a total value of $275,820.10. Following the transaction, the director now directly owns 19,562 shares in the company, valued at approximately $363,461.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Brian Eugene Luoma sold 10,792 shares of the firm’s stock in a transaction on Wednesday, May 11th. The shares were sold at an average price of $18.53, for a total transaction of $199,975.76. Following the completion of the transaction, the senior vice president now owns 74,534 shares in the company, valued at $1,381,115.02. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently bought and sold shares of LPX. Sei Investments Co. raised 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. Comerica Bank raised its position in Louisiana-Pacific Corp. by 1.5% in the fourth quarter. Comerica Bank now owns 108,838 shares of the company’s stock worth $1,801,000 after buying an additional 1,655 shares during the last quarter. Morgan Stanley raised its position in Louisiana-Pacific Corp. by 14.4% in the fourth quarter. Morgan Stanley now owns 166,691 shares of the company’s stock worth $3,002,000 after buying an additional 20,928 shares during the last quarter. South Dakota Investment Council raised its position in Louisiana-Pacific Corp. by 16.8% in the fourth quarter. South Dakota Investment Council now owns 167,200 shares of the company’s stock worth $3,011,000 after buying an additional 24,000 shares during the last quarter. Finally, Retirement Systems of Alabama raised 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.

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.

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