Sterling Capital Management LLC raised its position in Louisiana-Pacific Co. (NYSE:LPX) by 267.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,170 shares of the construction company’s stock after acquiring an additional 96,230 shares during the quarter. Sterling Capital Management LLC owned approximately 0.09% of Louisiana-Pacific worth $3,579,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position 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 valued at $137,000 after purchasing an additional 539 shares during the period. Public Employees Retirement System of Ohio raised its position 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 valued at $140,000 after purchasing an additional 56 shares during the period. US Bancorp DE raised its position 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 valued at $149,000 after purchasing an additional 400 shares during the period. Flinton Capital Management LLC raised its position 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 valued at $176,000 after purchasing an additional 3,152 shares during the period. Finally, Greenwood Capital Associates LLC bought a new position in shares of Louisiana-Pacific in the third quarter valued at about $202,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Royal Bank of Canada reissued a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, September 6th. Stephens assumed coverage on shares of Louisiana-Pacific in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 price objective on the stock. Zacks Investment Research raised shares of Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, October 18th. Vertical Research raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Finally, BMO Capital Markets lowered shares of Louisiana-Pacific from a “market perform” rating to an “underperform” rating and increased their price objective for the company from $22.00 to $24.00 in a research report on Friday, September 29th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.67.

Louisiana-Pacific Co. (NYSE:LPX) traded up $0.15 during trading hours on Friday, reaching $26.67. 3,735,097 shares of the company were exchanged, compared to its average volume of 1,487,084. Louisiana-Pacific Co. has a 1-year low of $18.69 and a 1-year high of $29.44. The company has a market capitalization of $3,842.04, a price-to-earnings ratio of 14.41, a price-to-earnings-growth ratio of 2.55 and a beta of 1.51. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results 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 business had revenue of $718.30 million for the quarter, compared to the consensus estimate of $731.47 million. During the same period in the prior year, the business posted $0.32 earnings per share. Louisiana-Pacific’s revenue was up 20.4% compared to the same quarter last year. analysts anticipate that Louisiana-Pacific Co. will post 2.08 EPS for the current fiscal year.

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About Louisiana-Pacific

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 (NYSE:LPX)

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