Sterling Capital Management LLC Sells 36,445 Shares of Louisiana-Pacific Corporation $LPX

Sterling Capital Management LLC reduced its position in Louisiana-Pacific Corporation (NYSE:LPX) by 95.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,838 shares of the building manufacturing company’s stock after selling 36,445 shares during the period. Sterling Capital Management LLC’s holdings in Louisiana-Pacific were worth $119,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LPX. Western Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter worth $25,000. Parallel Advisors LLC grew its position in shares of Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares during the period. Root Financial Partners LLC increased its stake in Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after purchasing an additional 277 shares during the last quarter. Whittier Trust Co. increased its stake in Louisiana-Pacific by 138.1% in the first quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 290 shares during the last quarter. Finally, Meeder Asset Management Inc. increased its stake in Louisiana-Pacific by 1,505.4% in the first quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company’s stock valued at $43,000 after purchasing an additional 557 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on LPX shares. Bank of America decreased their price target on Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Barclays lowered their price target on Louisiana-Pacific from $92.00 to $88.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. TD upped their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Oppenheimer cut their price objective on shares of Louisiana-Pacific from $107.00 to $104.00 and set an “outperform” rating on the stock in a report on Monday, October 26th. Finally, Weiss Ratings raised shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $89.25.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $73.46 on Monday. The business’s fifty day moving average price is $68.48 and its 200 day moving average price is $75.42. Louisiana-Pacific Corporation has a twelve month low of $62.18 and a twelve month high of $100.34. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.14 billion, a P/E ratio of 92.99, a PEG ratio of 5.70 and a beta of 1.63.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The firm had revenue of $664.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The business’s revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 earnings per share. As a group, research analysts anticipate that Louisiana-Pacific Corporation will post 1.13 earnings per share for the current year.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.