Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund purchased 24,853 shares of the construction company’s stock, valued at approximately $673,000.
A number of other institutional investors have also recently bought and sold shares of LPX. Advisors Preferred LLC boosted its holdings in Louisiana-Pacific 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 period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Louisiana-Pacific by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock worth $137,000 after acquiring an additional 539 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Louisiana-Pacific by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after acquiring an additional 56 shares during the last quarter. US Bancorp DE raised its stake in shares of Louisiana-Pacific by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock worth $149,000 after acquiring an additional 400 shares during the last quarter. Finally, Flinton Capital Management LLC raised its stake in shares of Louisiana-Pacific by 76.1% in the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after acquiring an additional 3,152 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.
In other news, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $27.00, for a total value of $138,456.00. Following the sale, the insider now directly owns 7,305 shares in the company, valued at approximately $197,235. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction that occurred 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 sale, the senior vice president now owns 41,523 shares in the company, valued at $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 Co. (NYSE LPX) traded down $0.46 on Tuesday, hitting $26.49. 2,116,100 shares of the stock were exchanged, compared to its average volume of 1,815,836. Louisiana-Pacific Co. has a one year low of $18.69 and a one year high of $29.44. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24. The firm has a market cap of $3,904.34, a P/E ratio of 14.65, a P/E/G ratio of 2.61 and a beta of 1.51.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Louisiana-Pacific had a net margin of 11.72% and a return on equity of 20.27%. The company had revenue of $718.30 million during the quarter, compared to analyst estimates of $731.47 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. equities analysts predict that Louisiana-Pacific Co. will post 2.07 earnings per share for the current fiscal year.
A number of equities analysts have weighed in on LPX shares. Longbow Research reaffirmed a “neutral” rating on shares of Louisiana-Pacific in a research note on Tuesday, October 10th. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Louisiana-Pacific in a research note on Monday, October 30th. BMO Capital Markets downgraded shares of Louisiana-Pacific from a “market perform” rating to an “underperform” rating and increased their price objective for the stock from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Vertical Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $29.67.
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Louisiana-Pacific 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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