Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Louisiana-Pacific Corporation (NYSE:LPX) by 10.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,691 shares of the construction company’s stock after purchasing an additional 539 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Louisiana-Pacific Corporation were worth $137,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Advisors Preferred LLC grew its position in shares of Louisiana-Pacific Corporation by 2,723.0% in the second quarter. Advisors Preferred LLC now owns 4,291 shares of the construction company’s stock valued at $103,000 after purchasing an additional 4,139 shares during the last quarter. US Bancorp DE grew its position in shares of Louisiana-Pacific Corporation by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock valued at $149,000 after purchasing an additional 400 shares during the last quarter. Creative Planning grew its position in shares of Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after purchasing an additional 147 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Louisiana-Pacific Corporation in the second quarter valued at approximately $210,000. Finally, Bowling Portfolio Management LLC acquired a new stake in shares of Louisiana-Pacific Corporation in the second quarter valued at approximately $211,000. Institutional investors and hedge funds own 91.10% of the company’s stock.

Shares of Louisiana-Pacific Corporation (LPX) opened at 27.84 on Thursday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of 15.85 and a beta of 1.27. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $27.97. The company’s 50-day moving average is $25.11 and its 200-day moving average is $24.59.

Louisiana-Pacific Corporation (NYSE:LPX) last released its earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.03). The firm had revenue of $694.00 million during 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 business’s revenue was up 19.2% on a year-over-year basis. During the same period last year, the business earned $0.28 earnings per share. On average, equities research analysts forecast that Louisiana-Pacific Corporation will post $2.01 earnings per share for the current fiscal year.

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

Several analysts have recently commented on LPX shares. Zacks Investment Research lowered shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, August 5th. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. ValuEngine upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. BMO Capital Markets reiterated a “hold” rating and issued a $22.00 price target on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 price target on shares of Louisiana-Pacific Corporation in a research report on Wednesday, September 6th. 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. Louisiana-Pacific Corporation 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.

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

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