ClariVest Asset Management LLC boosted its position in Louisiana-Pacific Corporation (NYSE:LPX) by 7.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 480,801 shares of the construction company’s stock after buying an additional 32,261 shares during the period. ClariVest Asset Management LLC’s holdings in Louisiana-Pacific Corporation were worth $11,591,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased 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 worth $409,068,000 after buying an additional 16,415,153 shares during the last quarter. Vanguard Group Inc. increased 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 worth $327,572,000 after buying an additional 1,835,706 shares during the last quarter. Dimensional Fund Advisors LP increased its position 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 worth $116,621,000 after buying an additional 86,021 shares during the last quarter. State Street Corp increased its position 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 worth $110,384,000 after buying an additional 113,961 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 worth $79,558,000 after buying an additional 305,393 shares during the last quarter. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Louisiana-Pacific Corporation (NYSE:LPX) opened at 24.08 on Friday. The stock has a market cap of $3.49 billion, a P/E 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. The firm’s 50-day moving average is $24.70 and its 200 day moving average is $23.94.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.03. The firm had revenue of $694 million during the quarter, compared to analyst estimates of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same period last year, the business earned $0.28 EPS. Analysts forecast that Louisiana-Pacific Corporation will post $1.90 earnings per share for the current fiscal year.

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A number of research analysts have recently issued reports on LPX shares. Zacks Investment Research downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. ValuEngine raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. Finally, DA Davidson downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $27.00.

About Louisiana-Pacific Corporation

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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Institutional Ownership by Quarter for Louisiana-Pacific Corporation (NYSE:LPX)

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