Macquarie Group Ltd. Invests $265,000 in Louisiana-Pacific Co. (LPX) Stock
Macquarie Group Ltd. bought a new position in Louisiana-Pacific Co. (NYSE:LPX) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 9,800 shares of the construction company’s stock, valued at approximately $265,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HAP Trading LLC raised its holdings in Louisiana-Pacific by 57.0% in the third quarter. HAP Trading LLC now owns 22,342 shares of the construction company’s stock worth $605,000 after purchasing an additional 8,108 shares during the period. Ameriprise Financial Inc. raised its holdings in Louisiana-Pacific by 9.1% in the third quarter. Ameriprise Financial Inc. now owns 1,098,173 shares of the construction company’s stock worth $29,738,000 after purchasing an additional 91,268 shares during the period. Sowell Financial Services LLC acquired a new stake in Louisiana-Pacific in the third quarter worth $342,000. ClariVest Asset Management LLC raised its holdings in Louisiana-Pacific by 3.5% in the third quarter. ClariVest Asset Management LLC now owns 497,526 shares of the construction company’s stock worth $13,475,000 after purchasing an additional 16,725 shares during the period. Finally, Commonwealth Equity Services Inc raised its holdings in Louisiana-Pacific by 429.8% in the third quarter. Commonwealth Equity Services Inc now owns 68,128 shares of the construction company’s stock worth $1,844,000 after purchasing an additional 55,268 shares during the period. Institutional investors own 93.08% of the company’s stock.
Shares of Louisiana-Pacific Co. (NYSE LPX) opened at $26.95 on Tuesday. Louisiana-Pacific Co. has a twelve month low of $18.69 and a twelve month high of $29.44. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24. The company has a market cap of $3,863.05, a price-to-earnings ratio of 14.49, a P/E/G ratio of 2.56 and a beta of 1.51.
Several equities research analysts have weighed in on the stock. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific and gave the stock an “outperform” rating in a report on Tuesday, September 26th. BMO Capital Markets lowered shares of Louisiana-Pacific from a “market perform” rating to an “underperform” rating and increased their target price for the stock from $22.00 to $24.00 in a report on Friday, September 29th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $33.00 target price on the stock in a report on Wednesday, October 18th. Longbow Research reiterated a “neutral” rating on shares of Louisiana-Pacific in a report on Tuesday, October 10th. Finally, Stephens assumed coverage on shares of Louisiana-Pacific in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus price target of $29.67.
WARNING: “Macquarie Group Ltd. Invests $265,000 in Louisiana-Pacific Co. (LPX) Stock” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States & international copyright & trademark laws. The original version of this piece can be accessed at https://www.watchlistnews.com/macquarie-group-ltd-invests-265000-in-louisiana-pacific-co-lpx-stock/1772525.html.
Louisiana-Pacific 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.
Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.