MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 34.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,606,707 shares of the construction company’s stock after purchasing an additional 667,019 shares during the period. MERIAN GLOBAL INVESTORS UK Ltd owned approximately 1.83% of Louisiana-Pacific worth $69,051,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LPX. Principal Financial Group Inc. boosted its holdings in Louisiana-Pacific by 2.4% in the 1st quarter. Principal Financial Group Inc. now owns 642,424 shares of the construction company’s stock valued at $18,483,000 after purchasing an additional 15,148 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its holdings in Louisiana-Pacific by 56.3% in the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 29,660 shares of the construction company’s stock valued at $853,000 after purchasing an additional 10,687 shares during the period. UBS Group AG boosted its holdings in Louisiana-Pacific by 76.4% in the 1st quarter. UBS Group AG now owns 254,080 shares of the construction company’s stock valued at $7,310,000 after purchasing an additional 110,044 shares during the period. Bayesian Capital Management LP bought a new stake in Louisiana-Pacific in the 1st quarter valued at about $247,000. Finally, Point72 Asset Management L.P. bought a new stake in Louisiana-Pacific in the 1st quarter valued at about $5,748,000. 92.25% of the stock is owned by hedge funds and other institutional investors.

LPX has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a report on Monday, July 9th. Bank of America raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Monday, July 16th. ValuEngine downgraded shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Wednesday, September 26th. Finally, Longbow Research reaffirmed a “hold” rating on shares of Louisiana-Pacific in a report on Tuesday, October 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $33.25.

In related news, CEO William Bradley Southern sold 12,042 shares of the company’s stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $31.00, for a total transaction of $373,302.00. Following the completion of the transaction, the chief executive officer now directly owns 196,518 shares in the company, valued at approximately $6,092,058. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 7,000 shares of the company’s stock in a transaction that occurred on Thursday, August 16th. The stock was sold at an average price of $29.25, for a total transaction of $204,750.00. Following the transaction, the director now owns 18,115 shares of the company’s stock, valued at $529,863.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,287 shares of company stock valued at $1,180,736. 0.50% of the stock is currently owned by insiders.

Shares of Louisiana-Pacific stock opened at $22.35 on Thursday. Louisiana-Pacific Co. has a 1-year low of $22.30 and a 1-year high of $32.16. The company has a quick ratio of 4.57, a current ratio of 5.68 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.78 billion, a PE ratio of 9.59, a PEG ratio of 1.71 and a beta of 1.43.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, August 7th. The construction company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.10. Louisiana-Pacific had a net margin of 16.85% and a return on equity of 28.21%. The company had revenue of $810.80 million during the quarter, compared to the consensus estimate of $788.55 million. On average, research analysts forecast that Louisiana-Pacific Co. will post 3.1 earnings per share for the current year.

Louisiana-Pacific declared that its board has initiated a share buyback program on Tuesday, August 7th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the construction company to repurchase up to 3.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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

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