Dorsey Wright & Associates purchased a new position in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 93,487 shares of the construction company’s stock, valued at approximately $2,254,000. Dorsey Wright & Associates owned about 0.06% of Louisiana-Pacific Corporation at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Advisors Preferred LLC boosted its stake 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 acquiring an additional 4,139 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake 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 acquiring an additional 539 shares during the last quarter. US Bancorp DE boosted its stake 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 acquiring an additional 400 shares during the last quarter. Creative Planning boosted its stake in shares of Louisiana-Pacific Corporation by 1.9% during the 2nd quarter. Creative Planning now owns 7,773 shares of the construction company’s stock worth $187,000 after acquiring an additional 147 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its stake in shares of Louisiana-Pacific Corporation by 78.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,187 shares of the construction company’s stock worth $197,000 after acquiring an additional 3,587 shares during the last quarter. Institutional investors and hedge funds own 91.12% of the company’s stock.

Shares of Louisiana-Pacific Corporation (NYSE LPX) traded down 1.40% during mid-day trading on Wednesday, reaching $26.68. 394,026 shares of the company’s stock traded hands. The company has a market cap of $3.86 billion, a P/E ratio of 15.19 and a beta of 1.27. Louisiana-Pacific Corporation has a 12-month low of $17.08 and a 12-month high of $27.75. The company’s 50 day moving average is $24.79 and its 200 day moving average is $24.45.

Louisiana-Pacific Corporation (NYSE:LPX) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.03). The company had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.28 earnings per share. On average, analysts predict that Louisiana-Pacific Corporation will post $1.98 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This report was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another publication, it was illegally stolen and republished in violation of international copyright & trademark law. The correct version of this report can be viewed at https://www.watchlistnews.com/dorsey-wright-associates-purchases-new-position-in-louisiana-pacific-corporation-lpx/1559425.html.

Several research analysts have recently weighed in on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $32.00 price target on shares of Louisiana-Pacific Corporation in a research note on Wednesday, September 6th. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. BMO Capital Markets restated a “hold” rating and set a $22.00 target price on shares of Louisiana-Pacific Corporation in a research note on Thursday, July 27th. Finally, Zacks Investment Research cut shares of Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Louisiana-Pacific Corporation currently has a consensus rating of “Hold” and an average target price of $27.00.

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.

Want to see what other hedge funds are holding LPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Louisiana-Pacific Corporation (NYSE:LPX).

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

Receive News & Ratings for Louisiana-Pacific Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.