Gotham Asset Management LLC boosted its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 6.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 640,087 shares of the construction company’s stock after buying an additional 36,332 shares during the period. Gotham Asset Management LLC owned about 0.44% of Louisiana-Pacific Corporation worth $15,887,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Louisiana-Pacific Corporation by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock valued at $409,068,000 after buying an additional 16,415,153 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Louisiana-Pacific Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock valued at $327,572,000 after buying an additional 1,835,706 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Louisiana-Pacific Corporation by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,698,756 shares of the construction company’s stock valued at $116,621,000 after buying an additional 86,021 shares in the last quarter. State Street Corp raised its position in shares of Louisiana-Pacific Corporation by 2.6% in the first quarter. State Street Corp now owns 4,447,534 shares of the construction company’s stock valued at $110,384,000 after buying an additional 113,961 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Louisiana-Pacific Corporation by 10.5% in the first quarter. Bank of New York Mellon Corp now owns 3,205,437 shares of the construction company’s stock valued at $79,558,000 after buying an additional 305,393 shares in the last quarter. Hedge funds and other institutional investors own 93.56% of the company’s stock.

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

Louisiana-Pacific Corporation (NYSE:LPX) traded up 0.91% during midday trading on Monday, reaching $24.36. The company’s stock had a trading volume of 2,667,704 shares. Louisiana-Pacific Corporation has a 52 week low of $15.74 and a 52 week high of $26.92. The firm has a market cap of $3.53 billion, a P/E ratio of 18.22 and a beta of 1.40. The firm has a 50 day moving average price of $23.62 and a 200-day moving average price of $22.60.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings results on Friday, May 5th. The construction company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. The company had revenue of $611 million for the quarter, compared to analyst estimates of $607.21 million. Louisiana-Pacific Corporation had a net margin of 8.31% and a return on equity of 14.34%. Louisiana-Pacific Corporation’s revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, analysts forecast that Louisiana-Pacific Corporation will post $1.68 earnings per share for the current fiscal year.

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Several equities analysts recently issued reports on LPX shares. Vertical Research lowered Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Zacks Investment Research lowered Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Royal Bank Of Canada restated a “buy” rating and set a $32.00 price target on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. BidaskClub upgraded Louisiana-Pacific Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Finally, ValuEngine upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the stock. Louisiana-Pacific Corporation has a consensus rating of “Hold” and an average target price of $26.40.

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.

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