UBS Asset Management Americas Inc. increased its position in shares of Louisiana-Pacific Corp. (NYSE:LPX) by 1.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 114,563 shares of the company’s stock after buying an additional 1,368 shares during the period. UBS Asset Management Americas Inc. owned 0.08% of Louisiana-Pacific Corp. worth $1,987,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in LPX. Aperio Group LLC boosted its stake 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 in the last quarter. BlackRock Inc. boosted its stake 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 in the last quarter. BlackRock Group LTD boosted its stake 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 in the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Louisiana-Pacific Corp. by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 4,069,856 shares of the company’s stock worth $69,676,000 after buying an additional 54,970 shares in the last quarter. Finally, Royce & Associates LP boosted its stake in shares of Louisiana-Pacific Corp. by 21.3% in the first quarter. Royce & Associates LP now owns 813,552 shares of the company’s stock worth $13,928,000 after buying an additional 142,600 shares in the last quarter.
Shares of Louisiana-Pacific Corp. (NYSE:LPX) traded up 1.39% on Monday, reaching $19.03. 121,702 shares of the company were exchanged. The company has a 50-day moving average price of $19.21 and a 200 day moving average price of $18.39. Louisiana-Pacific Corp. has a 1-year low of $13.31 and a 1-year high of $20.97. The stock has a market capitalization of $2.71 billion, a PE ratio of 346.00 and a beta of 1.37.
Louisiana-Pacific Corp. (NYSE:LPX) last released its earnings results on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. The company had revenue of $582 million for the quarter, compared to analyst estimates of $578.30 million. Louisiana-Pacific Corp. had a net margin of 0.39% and a return on equity of 3.29%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) EPS. On average, analysts forecast that Louisiana-Pacific Corp. will post $0.87 EPS for the current fiscal year.
LPX has been the subject of a number of recent analyst reports. Dundee Securities upgraded shares of Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st. BMO Capital Markets lowered shares of Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, TheStreet raised shares of Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $19.25.
In other Louisiana-Pacific Corp. news, SVP Neil Sherman sold 13,397 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $20.00, for a total value of $267,940.00. Following the transaction, the senior vice president now directly owns 45,025 shares in the company, valued at approximately $900,500. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.76% of the stock is currently owned by company insiders.
Louisiana-Pacific Corp. 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: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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