Edmond DE Rothschild Holding S.A. decreased its position in Louisiana-Pacific Corporation (NYSE:LPX) by 72.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 323,000 shares of the construction company’s stock after selling 862,000 shares during the period. Edmond DE Rothschild Holding S.A. owned about 0.22% of Louisiana-Pacific Corporation worth $7,788,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of LPX. Capstone Asset Management Co. purchased a new position in Louisiana-Pacific Corporation in the first quarter valued at approximately $232,000. Strs Ohio lifted its stake in 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. lifted its stake in 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. Wells Fargo & Company MN lifted its stake in 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. Finally, Great West Life Assurance Co. Can lifted its stake in Louisiana-Pacific Corporation by 5.2% in the first quarter. Great West Life Assurance Co. Can now owns 84,827 shares of the construction company’s stock valued at $2,103,000 after purchasing an additional 4,225 shares during the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

Louisiana-Pacific Corporation (NYSE:LPX) traded up 0.26% during midday trading on Friday, hitting $26.86. The company’s stock had a trading volume of 2,838,816 shares. The firm has a market cap of $3.89 billion, a P/E ratio of 15.30 and a beta of 1.27. The company’s 50 day moving average price is $24.98 and its 200 day moving average price is $24.53. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $27.75.

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). The business had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $700.73 million. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 EPS. Analysts expect that Louisiana-Pacific Corporation will post $1.98 EPS for the current year.

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LPX has been the topic of several research analyst reports. Zacks Investment Research downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. BidaskClub upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. ValuEngine upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Finally, BMO Capital Markets reiterated a “hold” rating and issued 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 issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $27.00.

In other news, insider Rebecca Anne Barckley sold 5,128 shares of Louisiana-Pacific Corporation stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $27.00, for a total transaction of $138,456.00. Following the transaction, the insider now owns 7,305 shares in the company, valued at approximately $197,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Sims sold 5,871 shares of Louisiana-Pacific Corporation stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total transaction of $158,869.26. Following the transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The disclosure for this sale can be found here. Company insiders own 1.48% of the company’s stock.

Louisiana-Pacific Corporation Company Profile

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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