Commonwealth Equity Services Inc grew its position in Louisiana-Pacific Corporation (NYSE:LPX) by 429.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,128 shares of the construction company’s stock after acquiring an additional 55,268 shares during the quarter. Commonwealth Equity Services Inc’s holdings in Louisiana-Pacific Corporation were worth $1,844,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Advisors Preferred LLC lifted its position in shares of Louisiana-Pacific Corporation by 2,723.0% during the 2nd quarter. Advisors Preferred LLC now owns 4,291 shares of the construction company’s stock worth $103,000 after buying an additional 4,139 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Louisiana-Pacific Corporation by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock worth $137,000 after buying an additional 539 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of Louisiana-Pacific Corporation by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares during the period. US Bancorp DE lifted its position in shares of Louisiana-Pacific Corporation by 6.9% during the 2nd quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock worth $149,000 after buying an additional 400 shares during the period. Finally, Flinton Capital Management LLC lifted its position in shares of Louisiana-Pacific Corporation by 76.1% during the 2nd quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after buying an additional 3,152 shares during the period. Institutional investors own 94.35% of the company’s stock.

Louisiana-Pacific Corporation (NYSE LPX) traded down $0.14 during mid-day trading on Friday, reaching $27.11. The company had a trading volume of 815,300 shares, compared to its average volume of 1,816,154. Louisiana-Pacific Corporation has a 12-month low of $18.69 and a 12-month high of $29.44. The firm has a market cap of $3,927.52, a PE ratio of 14.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31.

Louisiana-Pacific Corporation (NYSE:LPX) last released its quarterly earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). Louisiana-Pacific Corporation had a net margin of 11.72% and a return on equity of 20.27%. The business had revenue of $718.30 million for the quarter, compared to analyst estimates of $731.47 million. During the same period in the prior year, the business earned $0.32 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. equities research analysts forecast that Louisiana-Pacific Corporation will post 2.07 earnings per share for the current year.

Several equities analysts recently commented on the company. Royal Bank Of Canada restated a “buy” rating and set a $37.00 target price on shares of Louisiana-Pacific Corporation in a research report on Monday, September 25th. Zacks Investment Research downgraded Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 10th. BMO Capital Markets restated a “hold” rating and set a $22.00 target price on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Vertical Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BidaskClub downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $29.67.

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In related news, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction 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 directly owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $197,235. The disclosure for this sale can be found here. Company insiders own 1.48% of the company’s stock.

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.

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

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