Public Employees Retirement System of Ohio reduced its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 2.8% during the first quarter, Holdings Channel reports. The fund owned 5,742 shares of the construction company’s stock after selling 166 shares during the period. Public Employees Retirement System of Ohio’s holdings in Louisiana-Pacific were worth $143,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LPX. BlackRock Inc. increased its stake in Louisiana-Pacific by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock worth $409,068,000 after buying an additional 16,415,153 shares during the last quarter. Iridian Asset Management LLC CT bought a new stake in Louisiana-Pacific during the first quarter worth about $70,106,000. Vanguard Group Inc. increased its stake in Louisiana-Pacific by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock worth $327,572,000 after buying an additional 1,835,706 shares during the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Louisiana-Pacific during the first quarter worth about $28,202,000. Finally, Marshall Wace North America L.P. bought a new stake in Louisiana-Pacific during the first quarter worth about $28,202,000. Hedge funds and other institutional investors own 94.99% of the company’s stock.

Louisiana-Pacific Co. (NYSE:LPX) traded up 0.38% during midday trading on Friday, reaching $24.08. 1,397,629 shares of the company’s stock traded hands. The company’s 50-day moving average price is $24.70 and its 200 day moving average price is $23.94. Louisiana-Pacific Co. has a 52 week low of $17.08 and a 52 week high of $26.93. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.71 and a beta of 1.34.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.03. Louisiana-Pacific had a return on equity of 29.13% and a net margin of 13.37%. The firm had revenue of $694 million during the quarter, compared to analyst estimates of $700.73 million. During the same quarter in the prior year, the company posted $0.28 EPS. The company’s quarterly revenue was up 19.2% on a year-over-year basis. On average, equities research analysts expect that Louisiana-Pacific Co. will post $1.90 earnings per share for the current year.

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LPX has been the subject of a number of recent analyst reports. Royal Bank Of Canada restated a “buy” rating and issued a $26.00 target price on shares of Louisiana-Pacific in a report on Tuesday, April 18th. BidaskClub upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, July 11th. ValuEngine upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Finally, DA Davidson downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Monday, May 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. Louisiana-Pacific presently has a consensus rating of “Hold” and an average price target of $27.00.

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.

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

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