State Board of Administration of Florida Retirement System raised its holdings in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 1.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,652 shares of the construction company’s stock after purchasing an additional 1,871 shares during the period. State Board of Administration of Florida Retirement System owned about 0.09% of Louisiana-Pacific Corporation worth $3,376,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LPX. Advisors Preferred LLC increased 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 purchasing an additional 4,139 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew 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 worth $137,000 after acquiring an additional 539 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of 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 worth $140,000 after acquiring an additional 56 shares during the last quarter. US Bancorp DE grew 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 worth $149,000 after acquiring an additional 400 shares during the last quarter. Finally, Flinton Capital Management LLC grew its position in shares of 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 worth $176,000 after acquiring an additional 3,152 shares during the last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.

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In related news, insider Rebecca Anne Barckley sold 5,128 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total value of $138,456.00. Following the transaction, the insider now owns 7,305 shares in the company, valued at $197,235. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Michael Sims sold 5,871 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total value of $158,869.26. Following the completion of the transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The disclosure for this sale can be found here. 1.48% of the stock is owned by corporate insiders.

Shares of Louisiana-Pacific Corporation (LPX) opened at $26.16 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.31 and a current ratio of 5.25. Louisiana-Pacific Corporation has a 52 week low of $18.60 and a 52 week high of $29.44. The company has a market cap of $3,855.08, a PE ratio of 14.46, a price-to-earnings-growth ratio of 2.58 and a beta of 1.50.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.05). The business had revenue of $718.30 million during the quarter, compared to analyst estimates of $731.47 million. Louisiana-Pacific Corporation had a net margin of 11.72% and a return on equity of 20.27%. Louisiana-Pacific Corporation’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. equities research analysts predict that Louisiana-Pacific Corporation will post 2.07 EPS for the current fiscal year.

Several equities analysts have recently commented on LPX shares. Royal Bank Of Canada restated a “buy” rating and set a $37.00 price target on shares of Louisiana-Pacific Corporation in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research report on Thursday, August 3rd. Vertical Research upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Stephens started coverage on shares of Louisiana-Pacific Corporation in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price target for the company. Finally, BidaskClub lowered shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Louisiana-Pacific Corporation has an average rating of “Hold” and a consensus target price of $29.67.

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

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