Parametrica Management Ltd trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 17.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 15,188 shares of the construction company’s stock after selling 3,204 shares during the quarter. Parametrica Management Ltd’s holdings in Louisiana-Pacific were worth $399,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in Louisiana-Pacific by 12.4% in the third quarter. Bank of New York Mellon Corp now owns 3,412,507 shares of the construction company’s stock worth $92,410,000 after purchasing an additional 375,243 shares during the period. NJ State Employees Deferred Compensation Plan acquired a new stake in Louisiana-Pacific in the third quarter worth approximately $271,000. Green Square Capital LLC acquired a new stake in Louisiana-Pacific in the second quarter worth approximately $350,000. Vident Investment Advisory LLC acquired a new stake in Louisiana-Pacific in the third quarter worth approximately $2,760,000. Finally, Macquarie Group Ltd. acquired a new stake in Louisiana-Pacific in the third quarter worth approximately $265,000. Hedge funds and other institutional investors own 93.58% of the company’s stock.

A number of equities research analysts have weighed in on LPX shares. Zacks Investment Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 target price for the company in a research report on Tuesday, January 9th. Stephens started coverage on Louisiana-Pacific in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 target price for the company. Longbow Research restated a “neutral” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 10th. Royal Bank of Canada restated a “buy” rating and issued a $37.00 target price on shares of Louisiana-Pacific in a research report on Monday, October 30th. Finally, Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $29.50.

Shares of Louisiana-Pacific Co. (LPX) opened at $28.75 on Friday. Louisiana-Pacific Co. has a 52-week low of $19.24 and a 52-week high of $31.07. The company has a market capitalization of $4,262.18, a price-to-earnings ratio of 13.89, a PEG ratio of 2.96 and a beta of 1.62. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.31 and a current ratio of 5.25.

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Louisiana-Pacific 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 (NYSE:LPX)

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