Alpha Windward LLC lowered its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 8.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,204 shares of the building manufacturing company’s stock after selling 1,505 shares during the quarter. Alpha Windward LLC’s holdings in Louisiana-Pacific were worth $510,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. 6 Meridian increased its stake in shares of Louisiana-Pacific by 1.9% in the fourth quarter. 6 Meridian now owns 24,237 shares of the building manufacturing company’s stock worth $719,000 after acquiring an additional 446 shares during the period. Patten & Patten Inc. TN increased its stake in shares of Louisiana-Pacific by 4.5% in the fourth quarter. Patten & Patten Inc. TN now owns 111,655 shares of the building manufacturing company’s stock worth $3,313,000 after acquiring an additional 4,775 shares during the period. Millennium Management LLC increased its stake in shares of Louisiana-Pacific by 715.9% in the third quarter. Millennium Management LLC now owns 4,322,397 shares of the building manufacturing company’s stock worth $106,244,000 after acquiring an additional 3,792,636 shares during the period. Owl Creek Asset Management L.P. increased its stake in shares of Louisiana-Pacific by 2.5% in the third quarter. Owl Creek Asset Management L.P. now owns 2,090,040 shares of the building manufacturing company’s stock worth $51,373,000 after acquiring an additional 51,700 shares during the period. Finally, Public Employees Retirement System of Ohio increased its stake in shares of Louisiana-Pacific by 9.1% in the third quarter. Public Employees Retirement System of Ohio now owns 6,909 shares of the building manufacturing company’s stock worth $170,000 after acquiring an additional 574 shares during the period. Hedge funds and other institutional investors own 96.65% of the company’s stock.

NYSE LPX traded up $0.04 during mid-day trading on Tuesday, reaching $31.11. 28,788 shares of the stock were exchanged, compared to its average volume of 1,230,022. The business’s 50 day moving average is $29.58 and its 200-day moving average is $26.73. Louisiana-Pacific Co. has a 1 year low of $21.82 and a 1 year high of $31.23. The company has a market capitalization of $3.65 billion, a P/E ratio of 11.35 and a beta of 1.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.52.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, November 5th. The building manufacturing company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.10). Louisiana-Pacific had a return on equity of 4.93% and a net margin of 2.67%. The firm had revenue of $603.00 million for the quarter, compared to analysts’ expectations of $606.71 million. During the same period last year, the company posted $0.83 earnings per share. The business’s quarterly revenue was down 18.2% on a year-over-year basis. Equities analysts predict that Louisiana-Pacific Co. will post 0.42 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. TheStreet lowered shares of Louisiana-Pacific from a “b” rating to a “c+” rating in a research note on Wednesday, November 6th. Bank of America raised shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific to $35.00 and gave the stock a “top pick” rating in a report on Wednesday, November 6th. Longbow Research downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Wednesday, October 2nd. Finally, TD Securities increased their price target on shares of Louisiana-Pacific from $26.00 to $31.00 and gave the stock a “hold” rating in a report on Friday, November 1st. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $30.82.

In other Louisiana-Pacific news, Director Gary Cook sold 10,000 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $29.95, for a total transaction of $299,500.00. Following the transaction, the director now directly owns 44,462 shares of the company’s stock, valued at $1,331,636.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO William Bradley Southern acquired 3,745 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of $29.36 per share, for a total transaction of $109,953.20. Following the completion of the acquisition, the chief executive officer now owns 252,431 shares of the company’s stock, valued at $7,411,374.16. The disclosure for this purchase can be found here. Corporate insiders own 0.40% of the company’s stock.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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

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