BlueMountain Capital Management LLC boosted its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 180.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 185,435 shares of the construction company’s stock after acquiring an additional 119,403 shares during the period. BlueMountain Capital Management LLC owned 0.13% of Louisiana-Pacific Corporation worth $4,471,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Advisors Preferred LLC grew its stake in Louisiana-Pacific Corporation by 2,723.0% during 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. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Louisiana-Pacific Corporation by 10.5% during the 2nd 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. US Bancorp DE grew its stake in Louisiana-Pacific Corporation by 6.9% during 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 grew its stake in Louisiana-Pacific Corporation by 1.9% during 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. Finally, Riverhead Capital Management LLC grew its stake in Louisiana-Pacific Corporation by 78.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 8,187 shares of the construction company’s stock valued at $197,000 after acquiring an additional 3,587 shares in the last quarter. 91.12% of the stock is owned by institutional investors.

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Several brokerages recently issued reports on LPX. Royal Bank Of Canada reaffirmed a “buy” rating and set a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Wednesday, September 6th. BMO Capital Markets reaffirmed 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 raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday, August 3rd. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, ValuEngine raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $27.00.

In other news, SVP Michael Sims sold 5,871 shares of Louisiana-Pacific Corporation stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total transaction of $158,869.26. Following the completion of the sale, the senior vice president now directly owns 41,523 shares in the company, valued at $1,123,612.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Rebecca Anne Barckley sold 5,128 shares of Louisiana-Pacific Corporation stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $27.00, for a total transaction of $138,456.00. Following the sale, the insider now owns 7,305 shares of the company’s stock, valued at $197,235. The disclosure for this sale can be found here. Insiders own 1.48% of the company’s stock.

Louisiana-Pacific Corporation (NYSE:LPX) traded up 0.26% during trading on Friday, reaching $26.86. 2,838,816 shares of the company’s stock traded hands. The firm has a 50 day moving average of $24.98 and a 200 day moving average of $24.53. Louisiana-Pacific Corporation has a 1-year low of $17.08 and a 1-year high of $27.75. The firm has a market capitalization of $3.89 billion, a PE ratio of 15.30 and a beta of 1.27.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 17.13% and a net margin of 10.50%. The business’s quarterly revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Equities analysts forecast that Louisiana-Pacific Corporation will post $1.98 EPS for the current year.

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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