Strs Ohio Has $1.29 Million Position in Louisiana-Pacific Corporation (LPX)
Strs Ohio boosted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 178.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,700 shares of the construction company’s stock after buying an additional 34,400 shares during the period. Strs Ohio’s holdings in Louisiana-Pacific Corporation were worth $1,294,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Louisiana-Pacific Corporation by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock worth $149,000 after buying an additional 400 shares in the last quarter. Creative Planning raised its stake in Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock worth $187,000 after buying an additional 147 shares in the last quarter. Acrospire Investment Management LLC raised its stake in 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 worth $192,000 after buying an additional 60 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in Louisiana-Pacific Corporation during the second quarter worth $210,000. Finally, Breton Hill Capital Ltd. purchased a new stake in Louisiana-Pacific Corporation during the first quarter worth $221,000. Institutional investors and hedge funds own 94.99% of the company’s stock.
Shares of Louisiana-Pacific Corporation (LPX) opened at 24.08 on Friday. The stock has a 50 day moving average of $24.70 and a 200-day moving average of $23.94. Louisiana-Pacific Corporation has a 52 week low of $17.08 and a 52 week high of $26.93. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.71 and a beta of 1.34.
Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly 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. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The business had revenue of $694 million during the quarter, compared to analyst estimates of $700.73 million. During the same quarter last year, the company posted $0.28 EPS. Louisiana-Pacific Corporation’s quarterly revenue was up 19.2% compared to the same quarter last year. On average, analysts anticipate that Louisiana-Pacific Corporation will post $1.90 EPS for the current year.
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A number of analysts have weighed in on LPX shares. ValuEngine upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Royal Bank Of Canada restated a “buy” rating and set a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Tuesday, July 11th. Finally, BMO Capital Markets restated a “hold” rating and set a $22.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Thursday, July 27th. One investment 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. The stock currently has an average rating of “Hold” and a consensus target price 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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