Louisiana-Pacific Corporation (LPX) Shares Sold by AHL Partners LLP
AHL Partners LLP lessened its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 4.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,250 shares of the construction company’s stock after selling 6,043 shares during the quarter. AHL Partners LLP owned 0.08% of Louisiana-Pacific Corporation worth $2,900,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Alps Advisors Inc. raised its stake in shares of Louisiana-Pacific Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock valued at $489,000 after purchasing an additional 52 shares during the period. Teacher Retirement System of Texas raised its stake in shares of Louisiana-Pacific Corporation by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock valued at $278,000 after purchasing an additional 54 shares during the period. Creative Planning raised its stake 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 purchasing an additional 147 shares during the period. Affinity Wealth Management raised its stake in shares of Louisiana-Pacific Corporation by 1.9% in the 2nd quarter. Affinity Wealth Management now owns 9,653 shares of the construction company’s stock valued at $233,000 after purchasing an additional 183 shares during the period. Finally, Capstone Asset Management Co. raised its stake in shares of Louisiana-Pacific Corporation by 2.1% in the 2nd quarter. Capstone Asset Management Co. now owns 9,538 shares of the construction company’s stock valued at $230,000 after purchasing an additional 200 shares during the period. 91.10% of the stock is currently owned by institutional investors and hedge funds.
In related news, SVP Michael Sims sold 5,871 shares of the company’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total value of $158,869.26. Following the sale, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rebecca Anne Barckley sold 5,128 shares of the company’s 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 completion of the sale, the insider now 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.
Several research firms have issued reports on LPX. Longbow Research reissued a “neutral” rating on shares of Louisiana-Pacific Corporation in a research note on Tuesday. BMO Capital Markets downgraded Louisiana-Pacific Corporation from a “market perform” rating to an “underperform” rating and lifted their price target for the company from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Royal Bank Of Canada lifted their price target on Louisiana-Pacific Corporation and gave the company an “outperform” rating in a research note on Tuesday, September 26th. Zacks Investment Research downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Finally, BidaskClub downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $28.40.
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Louisiana-Pacific Corporation (NYSE:LPX) opened at 27.99 on Wednesday. The stock has a 50 day moving average price of $26.78 and a 200 day moving average price of $25.05. The company has a market cap of $4.05 billion, a PE ratio of 15.94 and a beta of 1.31. Louisiana-Pacific Corporation has a one year low of $17.08 and a one year high of $29.44.
Louisiana-Pacific Corporation (NYSE:LPX) last posted its earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The business had revenue of $694.00 million during the quarter, compared to analyst estimates of $700.73 million. During the same quarter in the prior year, the company earned $0.28 EPS. The company’s revenue was up 19.2% on a year-over-year basis. On average, equities analysts anticipate that Louisiana-Pacific Corporation will post $2.13 EPS for the current fiscal year.
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.
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