Legal & General Group Plc boosted its position in shares of Louisiana-Pacific Co. (NYSE:LPX) by 13.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 126,430 shares of the construction company’s stock after purchasing an additional 14,942 shares during the period. Legal & General Group Plc owned 0.09% of Louisiana-Pacific worth $3,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LPX. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Louisiana-Pacific by 10.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock valued at $137,000 after purchasing an additional 539 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in shares of Louisiana-Pacific by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares during the last quarter. US Bancorp DE lifted its position in shares of Louisiana-Pacific by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock worth $149,000 after buying an additional 400 shares during the last quarter. Flinton Capital Management LLC lifted its position in shares of Louisiana-Pacific by 76.1% in the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after buying an additional 3,152 shares during the last quarter. Finally, Riverhead Capital Management LLC lifted its position in shares of Louisiana-Pacific by 78.0% in the second quarter. Riverhead Capital Management LLC now owns 8,187 shares of the construction company’s stock worth $197,000 after buying an additional 3,587 shares during the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Louisiana-Pacific Co. (LPX) opened at $26.38 on Friday. Louisiana-Pacific Co. has a 12-month low of $18.69 and a 12-month high of $29.44. The firm has a market capitalization of $3,850.00, a PE ratio of 12.74, a price-to-earnings-growth ratio of 2.51 and a beta of 1.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 EPS 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 the consensus estimate of $731.47 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 earnings per share. sell-side analysts expect that Louisiana-Pacific Co. will post 2.08 EPS for the current fiscal year.

A number of analysts have weighed in on LPX shares. Royal Bank of Canada reaffirmed a “buy” rating and issued a $37.00 price target on shares of Louisiana-Pacific in a research report on Monday, September 25th. Vertical Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Stephens started coverage on Louisiana-Pacific in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 price target for the company. Zacks Investment Research cut Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, Longbow Research reaffirmed a “neutral” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $29.67.

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Louisiana-Pacific Company 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.

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

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