Royce & Associates LP Has $15.55 Million Position in Louisiana-Pacific Co. (LPX)
Royce & Associates LP lifted its position in Louisiana-Pacific Co. (NYSE:LPX) by 5.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 574,061 shares of the construction company’s stock after purchasing an additional 31,309 shares during the quarter. Royce & Associates LP owned about 0.40% of Louisiana-Pacific worth $15,546,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in LPX. Capstone Asset Management Co. grew its holdings in shares of Louisiana-Pacific by 2.1% in the second quarter. Capstone Asset Management Co. now owns 9,538 shares of the construction company’s stock valued at $230,000 after purchasing an additional 200 shares during the period. Aperio Group LLC boosted its stake in Louisiana-Pacific by 15.5% during the second quarter. Aperio Group LLC now owns 51,184 shares of the construction company’s stock worth $1,234,000 after buying an additional 6,880 shares during the period. US Bancorp DE boosted its stake in Louisiana-Pacific by 6.9% during the second 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. Russell Investments Group Ltd. boosted its stake in Louisiana-Pacific by 307.6% during the second quarter. Russell Investments Group Ltd. now owns 427,878 shares of the construction company’s stock worth $10,317,000 after buying an additional 322,904 shares during the period. Finally, Great West Life Assurance Co. Can boosted its stake in Louisiana-Pacific by 30.9% during the second quarter. Great West Life Assurance Co. Can now owns 111,038 shares of the construction company’s stock worth $2,675,000 after buying an additional 26,211 shares during the period. 93.14% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on LPX shares. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 target price on shares of Louisiana-Pacific in a research note on Monday, September 25th. Vertical Research raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Stephens started coverage on shares of Louisiana-Pacific in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 target price for the company. Zacks Investment Research lowered shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Longbow Research reaffirmed a “neutral” rating on shares of Louisiana-Pacific in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $29.67.
Shares of Louisiana-Pacific Co. (NYSE LPX) traded down $0.23 on Tuesday, hitting $26.84. 1,248,900 shares of the stock traded hands, compared to its average volume of 1,808,558. The firm has a market capitalization of $3,921.73, a PE ratio of 14.71, a PEG ratio of 2.60 and a beta of 1.51. Louisiana-Pacific Co. has a 1-year low of $18.69 and a 1-year high of $29.44. 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 (NYSE:LPX) last issued its quarterly earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The business had revenue of $718.30 million for the quarter, compared to analyst estimates of $731.47 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. equities research analysts forecast that Louisiana-Pacific Co. will post 2.08 EPS for the current year.
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.
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