Stifel Financial Corp continued to hold its position in Louisiana-Pacific Corporation (NYSE:LPX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,777 shares of the construction company’s stock at the close of the 2nd quarter. Stifel Financial Corp’s holdings in Louisiana-Pacific Corporation were worth $236,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. Iridian Asset Management LLC CT boosted its position in Louisiana-Pacific Corporation by 71.6% during the second quarter. Iridian Asset Management LLC CT now owns 4,846,075 shares of the construction company’s stock valued at $116,839,000 after purchasing an additional 2,021,510 shares during the last quarter. AJO LP acquired a new stake in Louisiana-Pacific Corporation during the second quarter valued at $43,821,000. Vanguard Group Inc. boosted its position in Louisiana-Pacific Corporation by 9.9% during the second quarter. Vanguard Group Inc. now owns 14,500,326 shares of the construction company’s stock valued at $349,603,000 after purchasing an additional 1,302,444 shares during the last quarter. Acadian Asset Management LLC boosted its position in Louisiana-Pacific Corporation by 750.6% during the second quarter. Acadian Asset Management LLC now owns 888,291 shares of the construction company’s stock valued at $21,418,000 after purchasing an additional 783,858 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Louisiana-Pacific Corporation by 373.4% during the second quarter. Wells Fargo & Company MN now owns 938,833 shares of the construction company’s stock valued at $22,635,000 after purchasing an additional 740,529 shares during the last quarter. 91.43% of the stock is owned by hedge funds and other institutional investors.

In other Louisiana-Pacific Corporation news, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total transaction of $158,869.26. Following the transaction, the senior vice president now directly owns 41,523 shares in the company, valued at $1,123,612.38. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $27.00, for a total value of $138,456.00. Following the transaction, the insider now owns 7,305 shares in the company, valued at $197,235. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.

Louisiana-Pacific Corporation (NYSE LPX) opened at $27.29 on Monday. Louisiana-Pacific Corporation has a 1-year low of $17.41 and a 1-year high of $29.44. The company has a current ratio of 5.01, a quick ratio of 4.05 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3,951.52, a PE ratio of 18.69, a price-to-earnings-growth ratio of 2.48 and a beta of 1.50.

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A number of analysts recently issued reports on LPX shares. Zacks Investment Research raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Thursday, August 3rd. BidaskClub raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Royal Bank Of Canada reissued a “buy” rating and set a $37.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Monday, September 25th. Stephens started coverage on Louisiana-Pacific Corporation in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price objective for the company. Finally, BMO Capital Markets reissued a “hold” rating and set a $22.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Louisiana-Pacific Corporation currently has a consensus rating of “Hold” and a consensus target price of $29.67.

About Louisiana-Pacific Corporation

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 Corporation (NYSE:LPX)

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