Adage Capital Partners GP L.L.C. cut its stake in shares of Louisiana-Pacific Corp. (NYSE:LPX) by 2.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,571,800 shares of the company’s stock after selling 150,000 shares during the period. Adage Capital Partners GP L.L.C. owned about 3.92% of Louisiana-Pacific Corp. worth $96,671,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LPX. Nisa Investment Advisors LLC increased its stake in Louisiana-Pacific Corp. by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 122,460 shares of the company’s stock valued at $2,125,000 after buying an additional 600 shares during the period. State Treasurer State of Michigan increased its stake in Louisiana-Pacific Corp. by 1.1% in the second quarter. State Treasurer State of Michigan now owns 57,699 shares of the company’s stock valued at $1,001,000 after buying an additional 600 shares during the period. Retirement Systems of Alabama increased its stake in Louisiana-Pacific Corp. by 0.4% in the second quarter. Retirement Systems of Alabama now owns 185,428 shares of the company’s stock valued at $3,217,000 after buying an additional 817 shares during the period. American International Group Inc. increased its stake in Louisiana-Pacific Corp. by 0.3% in the second quarter. American International Group Inc. now owns 356,720 shares of the company’s stock valued at $6,189,000 after buying an additional 959 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its stake in Louisiana-Pacific Corp. by 2.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 47,538 shares of the company’s stock valued at $825,000 after buying an additional 1,161 shares during the period.

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

Louisiana-Pacific Corp. (NYSE:LPX) traded up 2.45% during mid-day trading on Friday, hitting $17.95. The stock had a trading volume of 5,179,882 shares. The firm’s 50-day moving average is $18.43 and its 200 day moving average is $18.55. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 25.94 and a beta of 1.10. Louisiana-Pacific Corp. has a 12 month low of $13.31 and a 12 month high of $20.97.

Louisiana-Pacific Corp. (NYSE:LPX) last issued its quarterly earnings results on Monday, October 31st. The company reported $0.32 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by $0.04. The business had revenue of $596 million for the quarter, compared to analysts’ expectations of $603.10 million. Louisiana-Pacific Corp. had a net margin of 4.66% and a return on equity of 9.09%. The business’s revenue was up 28.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.12) earnings per share. Equities analysts anticipate that Louisiana-Pacific Corp. will post $0.94 EPS for the current fiscal year.

Several research firms recently issued reports on LPX. Dundee Securities upgraded Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research downgraded Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. BMO Capital Markets downgraded Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price target for the company. in a research note on Monday, August 8th. They noted that the move was a valuation call. Vertical Group upgraded Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research note on Friday, October 14th. Finally, TheStreet upgraded Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $18.33.

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.

5 Day Chart for NYSE:LPX

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