Gamco Investors INC. ET AL Holds Stake in Louisiana-Pacific Corporation (LPX)

Gamco Investors INC. ET AL held its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) during the fourth quarter, Holdings Channel reports. The fund owned 756,600 shares of the company’s stock at the end of the fourth quarter. Gamco Investors INC. ET AL’s holdings in Louisiana-Pacific Corporation were worth $14,322,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elkfork Partners LLC acquired a new position in shares of Louisiana-Pacific Corporation during the fourth quarter valued at $180,000. Federated Investors Inc. PA increased its position in shares of Louisiana-Pacific Corporation by 103.4% in the fourth quarter. Federated Investors Inc. PA now owns 160,225 shares of the company’s stock valued at $3,033,000 after buying an additional 81,463 shares during the period. Turner Investments LLC acquired a new position in shares of Louisiana-Pacific Corporation during the fourth quarter valued at $208,000. Comerica Bank increased its position in shares of Louisiana-Pacific Corporation by 6.6% in the fourth quarter. Comerica Bank now owns 113,771 shares of the company’s stock valued at $2,264,000 after buying an additional 7,009 shares during the period. Finally, First Interstate Bank increased its position in shares of Louisiana-Pacific Corporation by 141.8% in the fourth quarter. First Interstate Bank now owns 10,664 shares of the company’s stock valued at $202,000 after buying an additional 6,254 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

Institutional Ownership by Quarter for Louisiana-Pacific Corporation (NYSE:LPX)

Louisiana-Pacific Corporation (NYSE:LPX) traded down 0.45% during mid-day trading on Friday, reaching $24.57. The company’s stock had a trading volume of 862,230 shares. Louisiana-Pacific Corporation has a one year low of $14.65 and a one year high of $24.70. The stock’s 50 day moving average is $20.24 and its 200 day moving average is $19.46. The firm has a market cap of $3.53 billion, a PE ratio of 23.92 and a beta of 1.14.

Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $550 million for the quarter, compared to analysts’ expectations of $534.56 million. Louisiana-Pacific Corporation had a return on equity of 11.56% and a net margin of 6.71%. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. On average, analysts anticipate that Louisiana-Pacific Corporation will post $1.53 EPS for the current year.

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Several brokerages recently weighed in on LPX. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “strong-buy” rating and set a $26.00 target price on the stock in a research note on Saturday, February 11th. RBC Capital Markets restated a “top pick” rating and set a $26.00 target price (up from $25.00) on shares of Louisiana-Pacific Corporation in a research note on Thursday, February 9th. Royal Bank Of Canada boosted their target price on Louisiana-Pacific Corporation from $25.00 to $26.00 and gave the stock a “top pick” rating in a research note on Thursday, February 9th. DA Davidson upgraded Louisiana-Pacific Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $20.00 to $27.00 in a research note on Thursday, February 9th. Finally, Bank of America Corporation downgraded Louisiana-Pacific Corporation from a “neutral” rating to an “underperform” rating in a research note on Wednesday, December 7th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and three have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $25.00.

In other news, CEO Curtis M. Stevens sold 110,419 shares of the stock in a transaction on Friday, February 10th. The stock was sold at an average price of $22.58, for a total value of $2,493,261.02. Following the sale, the chief executive officer now directly owns 408,827 shares in the company, valued at $9,231,313.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kurt M. Landgraf sold 3,878 shares of the stock in a transaction on Friday, February 10th. The shares were sold at an average price of $22.80, for a total value of $88,418.40. Following the completion of the sale, the director now owns 43,075 shares in the company, valued at $982,110. The disclosure for this sale can be found here. Over the last quarter, insiders sold 141,880 shares of company stock worth $3,205,321. Insiders own 1.76% of the company’s stock.

Louisiana-Pacific Corporation 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.

5 Day Chart for NYSE:LPX

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