Federated Investors Inc. PA lifted its position in Louisiana-Pacific Corporation (NYSE:LPX) by 16.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,320 shares of the construction company’s stock after acquiring an additional 22,326 shares during the quarter. Federated Investors Inc. PA owned approximately 0.11% of Louisiana-Pacific Corporation worth $3,721,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Advisors Preferred LLC lifted its position in shares of Louisiana-Pacific Corporation by 2,723.0% in the 2nd quarter. Advisors Preferred LLC now owns 4,291 shares of the construction company’s stock valued at $103,000 after acquiring an additional 4,139 shares in the last quarter. US Bancorp DE lifted its position in shares of Louisiana-Pacific Corporation by 6.9% in the 2nd quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock valued at $149,000 after acquiring an additional 400 shares in the last quarter. Creative Planning lifted its position in shares of Louisiana-Pacific Corporation by 1.9% in 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 in the last quarter. Acrospire Investment Management LLC lifted its position in shares of Louisiana-Pacific Corporation by 0.8% in the 1st quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock valued at $192,000 after acquiring an additional 60 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Louisiana-Pacific Corporation in the 2nd quarter valued at approximately $210,000. Institutional investors and hedge funds own 91.12% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Louisiana-Pacific Corporation (LPX) Shares Bought by Federated Investors Inc. PA” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.thecerbatgem.com/2017/09/04/louisiana-pacific-corporation-lpx-shares-bought-by-federated-investors-inc-pa.html.

Shares of Louisiana-Pacific Corporation (NYSE:LPX) opened at 25.92 on Monday. The firm has a 50-day moving average of $24.64 and a 200-day moving average of $24.36. The stock has a market cap of $3.75 billion, a P/E ratio of 14.76 and a beta of 1.27. 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 issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.61 by $0.03. The firm 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 revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, equities analysts expect that Louisiana-Pacific Corporation will post $1.90 EPS for the current fiscal year.

Several brokerages recently commented on LPX. TD Securities restated a “hold” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 9th. BMO Capital Markets restated a “hold” rating and issued a $22.00 price target on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Zacks Investment Research upgraded shares of 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. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, DA Davidson downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $27.00.

Louisiana-Pacific Corporation 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.

Want to see what other hedge funds are holding LPX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Louisiana-Pacific Corporation (NYSE:LPX).

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.