Mason Street Advisors LLC bought a new position in Louisiana-Pacific Corp. (NYSE:LPX) during the second quarter, Holdings Channel reports. The firm bought 65,554 shares of the company’s stock, valued at approximately $1,137,000.
Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of Louisiana-Pacific Corp. during the fourth quarter worth $14,287,000. Aperio Group LLC raised its position in shares of Louisiana-Pacific Corp. by 7.2% in the first quarter. Aperio Group LLC now owns 119,288 shares of the company’s stock worth $2,042,000 after buying an additional 8,037 shares during the period. Teachers Advisors Inc. raised its position in shares of Louisiana-Pacific Corp. by 5.7% in the first quarter. Teachers Advisors Inc. now owns 9,097,949 shares of the company’s stock worth $155,757,000 after buying an additional 491,226 shares during the period. BlackRock Inc. raised its position in shares of Louisiana-Pacific Corp. by 8.3% in the first quarter. BlackRock Inc. now owns 55,301 shares of the company’s stock worth $946,000 after buying an additional 4,240 shares during the period. Finally, BlackRock Group LTD raised its position in shares of Louisiana-Pacific Corp. by 31.5% in the first quarter. BlackRock Group LTD now owns 224,702 shares of the company’s stock worth $3,847,000 after buying an additional 53,886 shares during the period.
Shares of Louisiana-Pacific Corp. (NYSE:LPX) opened at 19.26 on Monday. Louisiana-Pacific Corp. has a one year low of $13.31 and a one year high of $20.97. The firm has a 50 day moving average price of $19.39 and a 200-day moving average price of $18.18. The firm has a market cap of $2.74 billion, a P/E ratio of 350.18 and a beta of 1.54.
Louisiana-Pacific Corp. (NYSE:LPX) last announced its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Louisiana-Pacific Corp. had a return on equity of 3.29% and a net margin of 0.39%. The firm had revenue of $582 million for the quarter, compared to the consensus estimate of $578.30 million. During the same quarter in the previous year, the business earned ($0.08) EPS. The company’s revenue was up 18.1% compared to the same quarter last year. Analysts forecast that Louisiana-Pacific Corp. will post $0.84 earnings per share for the current year.
A number of equities analysts have recently weighed in on LPX shares. Zacks Investment Research upgraded Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating and set a $20.00 target price on the stock in a research note on Wednesday, June 1st. Dundee Securities upgraded Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 21st. BMO Capital Markets lowered Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 target price on the stock. in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, TheStreet raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.25.
In other news, SVP Neil Sherman sold 13,397 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $20.00, for a total value of $267,940.00. Following the transaction, the senior vice president now owns 45,025 shares in the company, valued at approximately $900,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.76% of the stock is owned by insiders.
About Louisiana-Pacific Corp.
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: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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