Louisiana-Pacific Corporation (NYSE:LPX) SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total transaction of $158,869.26. Following the completion of the transaction, the senior vice president now owns 41,523 shares in the company, valued at $1,123,612.38. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Shares of Louisiana-Pacific Corporation (LPX) traded up 0.45% during mid-day trading on Thursday, reaching $26.82. 734,051 shares of the company’s stock were exchanged. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 15.27 and a beta of 1.27. Louisiana-Pacific Corporation has a 52-week low of $17.08 and a 52-week high of $27.75. The stock’s 50-day moving average is $24.84 and its 200-day moving average is $24.47.

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 Zacks’ 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 firm had revenue of $694.00 million for the quarter, compared to analyst estimates of $700.73 million. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Louisiana-Pacific Corporation’s quarterly revenue was up 19.2% on a year-over-year basis. On average, equities analysts expect that Louisiana-Pacific Corporation will post $1.98 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in LPX. Capstone Asset Management Co. acquired a new position in shares of Louisiana-Pacific Corporation in the first quarter valued at $232,000. Strs Ohio increased its holdings in shares of Louisiana-Pacific Corporation by 24.5% in the first quarter. Strs Ohio now owns 19,300 shares of the construction company’s stock valued at $479,000 after purchasing an additional 3,800 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Louisiana-Pacific Corporation by 83.2% in the first quarter. Russell Investments Group Ltd. now owns 104,974 shares of the construction company’s stock valued at $2,605,000 after purchasing an additional 47,666 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in shares of Louisiana-Pacific Corporation by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,198 shares of the construction company’s stock valued at $1,246,000 after purchasing an additional 700 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of Louisiana-Pacific Corporation by 2.0% in the first quarter. Wells Fargo & Company MN now owns 198,304 shares of the construction company’s stock valued at $4,922,000 after purchasing an additional 3,977 shares during the last quarter. Hedge funds and other institutional investors own 91.12% of the company’s stock.

A number of research analysts recently issued reports on LPX shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. ValuEngine raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. BidaskClub raised shares of Louisiana-Pacific Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, July 11th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $22.00 price target on shares of Louisiana-Pacific Corporation in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average 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.

Insider Buying and Selling by Quarter for Louisiana-Pacific Corporation (NYSE:LPX)

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