Schwab Charles Investment Management Inc. increased its position in Louisiana-Pacific Corporation (NYSE:LPX) by 7.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 744,555 shares of the construction company’s stock after buying an additional 49,921 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.51% of Louisiana-Pacific Corporation worth $18,480,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allianz Asset Management AG purchased a new position in Louisiana-Pacific Corporation during the fourth quarter valued at about $1,081,000. Patten & Patten Inc. TN boosted its position in Louisiana-Pacific Corporation by 7.7% in the first quarter. Patten & Patten Inc. TN now owns 40,875 shares of the construction company’s stock worth $1,015,000 after buying an additional 2,925 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Louisiana-Pacific Corporation by 10.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 24,520 shares of the construction company’s stock worth $464,000 after buying an additional 2,260 shares during the last quarter. Impala Asset Management LLC acquired a new position in Louisiana-Pacific Corporation during the first quarter worth about $6,855,000. Finally, Suntrust Banks Inc. acquired a new position in Louisiana-Pacific Corporation during the first quarter worth about $1,364,000. 94.31% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Corporation (LPX) traded up 0.37% during mid-day trading on Friday, reaching $24.48. The company had a trading volume of 2,157,188 shares. The firm has a 50-day moving average of $24.69 and a 200 day moving average of $23.74. Louisiana-Pacific Corporation has a 1-year low of $17.08 and a 1-year high of $26.92. The company has a market capitalization of $3.54 billion, a PE ratio of 13.94 and a beta of 1.34.

Louisiana-Pacific Corporation (NYSE:LPX) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The firm had revenue of $694 million for the quarter, compared to analysts’ expectations of $700.73 million. During the same quarter last year, the firm posted $0.28 earnings per share. Louisiana-Pacific Corporation’s quarterly revenue was up 19.2% on a year-over-year basis. On average, analysts predict that Louisiana-Pacific Corporation will post $1.78 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Schwab Charles Investment Management Inc. Has $18.48 Million Position in Louisiana-Pacific Corporation (LPX)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/08/04/schwab-charles-investment-management-inc-raises-position-in-louisiana-pacific-corporation-lpx-updated-updated-updated.html.

A number of equities analysts recently issued reports on the company. TD Securities reiterated a “hold” rating on shares of Louisiana-Pacific Corporation in a report on Tuesday, May 9th. Royal Bank Of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Louisiana-Pacific Corporation in a report on Tuesday, April 18th. BMO Capital Markets restated a “hold” rating and set a $22.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Thursday, July 27th. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Thursday. Finally, BidaskClub upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $27.00.

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)

Receive News & Stock Ratings for Louisiana-Pacific Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific Corporation and related stocks with our FREE daily email newsletter.