Raymond James Financial Services Advisors Inc. purchased a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,853 shares of the construction company’s stock, valued at approximately $673,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LPX. Advisors Preferred LLC grew its stake in shares of Louisiana-Pacific by 2,723.0% during 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. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Louisiana-Pacific by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock valued at $137,000 after purchasing an additional 539 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Louisiana-Pacific by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after purchasing an additional 56 shares during the last quarter. US Bancorp DE grew its stake in shares of Louisiana-Pacific by 6.9% during 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. Finally, Flinton Capital Management LLC grew its stake in shares of Louisiana-Pacific by 76.1% during the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock valued at $176,000 after purchasing an additional 3,152 shares during the last quarter. 93.14% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on LPX. Royal Bank of Canada reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Louisiana-Pacific in a research note on Monday, September 25th. Zacks Investment Research cut shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. Vertical Research raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. BMO Capital Markets cut shares of Louisiana-Pacific from a “market perform” rating to an “underperform” rating and raised their price objective for the company from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Finally, Longbow Research reaffirmed a “neutral” rating on shares of Louisiana-Pacific in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $29.67.
Shares of Louisiana-Pacific Co. (LPX) traded up $0.33 during trading hours on Thursday, hitting $26.85. 1,024,600 shares of the company were exchanged, compared to its average volume of 1,804,868. Louisiana-Pacific Co. has a fifty-two week low of $18.69 and a fifty-two week 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 capitalization of $3,890.00, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 2.55 and a beta of 1.51.
Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The company had revenue of $718.30 million for the quarter, compared to analyst estimates of $731.47 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. equities analysts predict that Louisiana-Pacific Co. will post 2.08 earnings per share for the current year.
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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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