Shares of Louisiana-Pacific Corporation (NYSE:LPX) fell 3.3% during mid-day trading on Monday . The stock traded as low as $26.77 and last traded at $27.97. 1,437,058 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 1,811,840 shares. The stock had previously closed at $27.08.

Several analysts have recently commented on LPX shares. Royal Bank Of Canada increased their price target on shares of Louisiana-Pacific Corporation and gave the company an “outperform” rating in a research report on Tuesday, September 26th. BMO Capital Markets downgraded Louisiana-Pacific Corporation from a “market perform” rating to an “underperform” rating and lifted their price objective for the stock from $22.00 to $24.00 in a research report on Friday, September 29th. They noted that the move was a valuation call. BidaskClub upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, July 13th. Finally, Zacks Investment Research lowered Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.40.

The company has a 50 day moving average price of $26.21 and a 200 day moving average price of $24.90. The stock has a market capitalization of $4.01 billion, a price-to-earnings ratio of 15.79 and a beta of 1.31.

Louisiana-Pacific Corporation (NYSE:LPX) last released its quarterly earnings data 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 company had revenue of $694.00 million for the quarter, compared to the consensus estimate 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 revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Analysts predict that Louisiana-Pacific Corporation will post $2.13 EPS for the current year.

In related news, SVP Michael Sims sold 5,871 shares of Louisiana-Pacific Corporation stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total value of $158,869.26. Following the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $138,456.00. Following the completion of the transaction, the insider now directly owns 7,305 shares in the company, valued at approximately $197,235. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Louisiana-Pacific Corporation by 24,793.7% during the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock valued at $409,068,000 after buying an additional 16,415,153 shares in the last quarter. Iridian Asset Management LLC CT boosted its holdings in shares of Louisiana-Pacific Corporation by 71.6% in the second quarter. Iridian Asset Management LLC CT now owns 4,846,075 shares of the construction company’s stock worth $116,839,000 after buying an additional 2,021,510 shares during the period. Vanguard Group Inc. boosted its holdings in shares of 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 during the period. AJO LP acquired a new position in shares of Louisiana-Pacific Corporation in the second quarter worth about $43,821,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Louisiana-Pacific Corporation in the first quarter worth about $28,202,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

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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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