Shares of Louisiana-Pacific Corporation (NYSE:LPX) gapped down prior to trading on Monday . The stock had previously closed at $28.05, but opened at $27.37. Louisiana-Pacific Corporation shares last traded at $26.72, with a volume of 3,741,357 shares changing hands.

A number of analysts have issued reports on LPX shares. Zacks Investment Research downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific Corporation in a report on Tuesday, May 23rd. ValuEngine raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $22.00 price objective on shares of Louisiana-Pacific Corporation in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $27.00.

The stock has a market capitalization of $3.87 billion, a P/E ratio of 15.214 and a beta of 1.27. The firm has a 50 day moving average price of $24.80 and a 200 day moving average price of $24.45.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.03). The firm had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. Louisiana-Pacific Corporation’s revenue was up 19.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 EPS. On average, analysts forecast that Louisiana-Pacific Corporation will post $1.98 earnings per share for the current year.

A number of large investors have recently modified their holdings of LPX. Advisors Preferred LLC grew its stake in Louisiana-Pacific Corporation by 2,723.0% during the second 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. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Louisiana-Pacific Corporation by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock valued at $137,000 after acquiring an additional 539 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Louisiana-Pacific Corporation by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after acquiring an additional 56 shares in the last quarter. US Bancorp DE grew its stake in Louisiana-Pacific Corporation by 6.9% during the second 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. Finally, Flinton Capital Management LLC grew its stake in Louisiana-Pacific Corporation by 76.1% during the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock valued at $176,000 after acquiring an additional 3,152 shares in the last quarter. 91.12% of the stock is owned by institutional investors.

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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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