BlackRock Inc. decreased its stake in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,376,370 shares of the construction company’s stock after selling 104,990 shares during the period. BlackRock Inc. owned about 11.31% of Louisiana-Pacific Corporation worth $394,835,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Advisors Preferred LLC boosted its position in shares of 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 buying an additional 4,139 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of 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 buying an additional 539 shares during the last quarter. US Bancorp DE boosted its position in shares of 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 buying an additional 400 shares during the last quarter. Creative Planning boosted its position in shares of Louisiana-Pacific Corporation by 1.9% during the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after buying an additional 147 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its position in shares of Louisiana-Pacific Corporation by 78.0% during the second quarter. Riverhead Capital Management LLC now owns 8,187 shares of the construction company’s stock valued at $197,000 after buying an additional 3,587 shares during the last quarter. 91.10% of the stock is currently owned by institutional investors.

Shares of Louisiana-Pacific Corporation (NYSE LPX) opened at 28.55 on Thursday. The company’s 50-day moving average price is $25.11 and its 200-day moving average price is $24.59. Louisiana-Pacific Corporation has a one year low of $17.08 and a one year high of $29.44. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 16.26 and a beta of 1.27.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.03). Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $700.73 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. On average, equities research analysts predict that Louisiana-Pacific Corporation will post $2.09 earnings per share for the current year.

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

Several brokerages recently issued reports on LPX. Royal Bank Of Canada reaffirmed a “buy” rating and set a $37.00 target price on shares of Louisiana-Pacific Corporation in a research report on Monday. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Thursday, August 3rd. BMO Capital Markets reiterated a “hold” rating and set a $22.00 price target on shares of Louisiana-Pacific Corporation in a report on Thursday, July 27th. Finally, BidaskClub lowered Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. Louisiana-Pacific Corporation has a consensus rating of “Hold” and an average price target of $28.00.

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

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