Trexquant Investment LP decreased its position in Louisiana-Pacific Corporation (NYSE:LPX) by 24.5% during the second quarter, Holdings Channel reports. The institutional investor owned 13,253 shares of the construction company’s stock after selling 4,296 shares during the period. Trexquant Investment LP’s holdings in Louisiana-Pacific Corporation were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of LPX. BlackRock Inc. boosted its stake in 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 worth $409,068,000 after buying an additional 16,415,153 shares in the last quarter. Iridian Asset Management LLC CT bought a new stake in Louisiana-Pacific Corporation during the first quarter worth approximately $70,106,000. Vanguard Group Inc. boosted its stake in 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 worth $327,572,000 after buying an additional 1,835,706 shares in the last quarter. MARSHALL WACE ASIA Ltd bought a new stake in Louisiana-Pacific Corporation during the first quarter worth approximately $28,202,000. Finally, Marshall Wace North America L.P. bought a new stake in Louisiana-Pacific Corporation during the first quarter worth approximately $28,202,000. Hedge funds and other institutional investors own 93.94% of the company’s stock.

Shares of Louisiana-Pacific Corporation (LPX) opened at 23.72 on Friday. The firm has a 50-day moving average price of $24.68 and a 200-day moving average price of $24.07. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 13.51 and a beta of 1.34. Louisiana-Pacific Corporation has a 52 week low of $17.08 and a 52 week high of $26.92.

Louisiana-Pacific Corporation (NYSE:LPX) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by $0.03. The business had revenue of $694 million for the quarter, compared to analyst estimates of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 earnings per share. On average, equities analysts expect that Louisiana-Pacific Corporation will post $1.90 earnings per share for the current fiscal year.

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LPX has been the topic of a number of research analyst reports. Zacks Investment Research lowered Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 21st. BidaskClub raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. ValuEngine raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. DA Davidson lowered Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. Finally, TD Securities reissued a “hold” rating on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. Louisiana-Pacific Corporation presently has an average rating of “Hold” and a consensus price target 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.

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

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