Worth Venture Partners LLC Buys Shares of 11,235 Louisiana-Pacific Corporation (LPX)

Worth Venture Partners LLC bought a new position in Louisiana-Pacific Corporation (NYSE:LPX) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 11,235 shares of the construction company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Alps Advisors Inc. boosted its position in shares of Louisiana-Pacific Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock valued at $489,000 after acquiring an additional 52 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Louisiana-Pacific Corporation by 0.5% during the 2nd quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock valued at $278,000 after acquiring an additional 54 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in shares of Louisiana-Pacific Corporation by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after acquiring an additional 56 shares during the last quarter. Creative Planning boosted its position in shares of Louisiana-Pacific Corporation by 1.9% during the 2nd quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after acquiring an additional 147 shares during the last quarter. Finally, Affinity Wealth Management boosted its position in shares of Louisiana-Pacific Corporation by 1.9% during the 2nd quarter. Affinity Wealth Management now owns 9,653 shares of the construction company’s stock valued at $233,000 after acquiring an additional 183 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.

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

Shares of Louisiana-Pacific Corporation (LPX) traded up $0.29 during midday trading on Tuesday, hitting $26.79. The company had a trading volume of 1,507,200 shares, compared to its average volume of 1,823,210. The stock has a market cap of $3,839.15, a PE ratio of 14.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.50. The company has a current ratio of 5.25, a quick ratio of 4.31 and a debt-to-equity ratio of 0.24. Louisiana-Pacific Corporation has a 52 week low of $18.05 and a 52 week high of $29.44.

Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The firm had revenue of $718.30 million for the quarter, compared to analysts’ expectations of $731.47 million. Louisiana-Pacific Corporation had a net margin of 11.72% and a return on equity of 20.27%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. sell-side analysts anticipate that Louisiana-Pacific Corporation will post 2.07 earnings per share for the current fiscal year.

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A number of analysts have recently issued reports on LPX shares. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price target on shares of Louisiana-Pacific Corporation in a research report on Monday, September 25th. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, August 3rd. Vertical Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. 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 target for the company. Finally, BidaskClub downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.67.

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, 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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