Advisor Group Inc. Has $600,000 Stake in Louisiana-Pacific Corporation (LPX)
Advisor Group Inc. lifted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 135.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,622 shares of the construction company’s stock after buying an additional 15,311 shares during the quarter. Advisor Group Inc.’s holdings in Louisiana-Pacific Corporation were worth $600,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Louisiana-Pacific Corporation by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock valued at $409,068,000 after purchasing an additional 16,415,153 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in Louisiana-Pacific Corporation by 71.6% in the second quarter. Iridian Asset Management LLC CT now owns 4,846,075 shares of the construction company’s stock valued at $116,839,000 after purchasing an additional 2,021,510 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Louisiana-Pacific Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock valued at $327,572,000 after purchasing an additional 1,835,706 shares in the last quarter. AJO LP acquired a new position in Louisiana-Pacific Corporation in the second quarter valued at approximately $43,821,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in Louisiana-Pacific Corporation in the first quarter valued at approximately $28,202,000. 91.10% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on LPX shares. BidaskClub raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. BMO Capital Markets downgraded Louisiana-Pacific Corporation from a “market perform” rating to an “underperform” rating and upped their price target for the company from $22.00 to $24.00 in a report on Friday, September 29th. They noted that the move was a valuation call. Royal Bank Of Canada upped their price target on Louisiana-Pacific Corporation and gave the company an “outperform” rating in a report on Tuesday, September 26th. Finally, Zacks Investment Research raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $28.40.
Louisiana-Pacific Corporation (NYSE LPX) opened at 27.78 on Friday. The firm has a market capitalization of $4.02 billion, a P/E ratio of 15.82 and a beta of 1.31. The company has a 50-day moving average price of $26.43 and a 200-day moving average price of $24.94. Louisiana-Pacific Corporation has a one year low of $17.08 and a one year high of $29.44.
Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business had revenue of $694.00 million for the quarter, compared to analyst estimates of $700.73 million. During the same quarter last year, the business earned $0.28 EPS. Louisiana-Pacific Corporation’s revenue for the quarter was up 19.2% compared to the same quarter last year. On average, equities research analysts anticipate that Louisiana-Pacific Corporation will post $2.13 EPS for the current year.
In other Louisiana-Pacific Corporation news, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The stock was 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 approximately $1,123,612.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 owns 7,305 shares of the company’s stock, valued at approximately $197,235. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.
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Louisiana-Pacific Corporation 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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