Strs Ohio Sells 11,241 Shares of Louisiana-Pacific Corporation $LPX

Strs Ohio lessened its position in Louisiana-Pacific Corporation (NYSE:LPX) by 88.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,506 shares of the building manufacturing company’s stock after selling 11,241 shares during the period. Strs Ohio’s holdings in Louisiana-Pacific were worth $134,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the business. Millennium Management LLC raised its position in Louisiana-Pacific by 128.6% in the 1st quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock valued at $16,259,000 after purchasing an additional 99,455 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Louisiana-Pacific in the 1st quarter worth $273,000. Goldman Sachs Group Inc. grew its position in shares of Louisiana-Pacific by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock worth $25,274,000 after buying an additional 18,413 shares during the period. Empowered Funds LLC grew its holdings in Louisiana-Pacific by 207.1% during the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after purchasing an additional 19,029 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Louisiana-Pacific by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after buying an additional 29,846 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LPX has been the topic of several recent analyst reports. DA Davidson reiterated a “buy” rating and set a $117.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, January 28th. Vertical Research initiated coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating for the company. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Weiss Ratings restated a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Finally, Royal Bank Of Canada lowered their price target on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.57.

Louisiana-Pacific Trading Up 5.2%

Shares of Louisiana-Pacific stock opened at $89.14 on Wednesday. The firm’s 50-day moving average price is $85.75 and its two-hundred day moving average price is $88.17. The company has a market capitalization of $6.21 billion, a price-to-earnings ratio of 28.85 and a beta of 1.81. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. Louisiana-Pacific Corporation has a 12-month low of $73.42 and a 12-month high of $119.91.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The firm had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. During the same quarter in the prior year, the firm earned $1.22 earnings per share. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. On average, analysts forecast that Louisiana-Pacific Corporation will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 14,166 shares of the company’s stock in a transaction dated Thursday, January 15th. The stock was sold at an average price of $93.08, for a total value of $1,318,571.28. Following the completion of the transaction, the chief executive officer owned 489,215 shares of the company’s stock, valued at $45,536,132.20. This represents a 2.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Stephen E. Macadam acquired 3,200 shares of the stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $78.06 per share, with a total value of $249,792.00. Following the purchase, the director directly owned 41,149 shares of the company’s stock, valued at $3,212,090.94. This trade represents a 8.43% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold a total of 113,344 shares of company stock worth $10,170,949 over the last ninety days. 1.42% of the stock is currently owned by insiders.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.