Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Louisiana-Pacific Co. (NYSE:LPX) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 183,139 shares of the construction company’s stock, valued at approximately $4,958,000. Cornerstone Capital Management Holdings LLC. owned 0.13% of Louisiana-Pacific as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of Louisiana-Pacific by 72.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 594,495 shares of the construction company’s stock valued at $14,334,000 after purchasing an additional 250,213 shares during the last quarter. Federated Investors Inc. PA lifted its stake in shares of Louisiana-Pacific by 16.9% in the 2nd quarter. Federated Investors Inc. PA now owns 154,320 shares of the construction company’s stock valued at $3,721,000 after purchasing an additional 22,326 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Louisiana-Pacific by 32.2% in the 2nd quarter. SG Americas Securities LLC now owns 73,316 shares of the construction company’s stock valued at $1,768,000 after purchasing an additional 17,859 shares during the last quarter. IndexIQ Advisors LLC lifted its stake in shares of Louisiana-Pacific by 42.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 76,835 shares of the construction company’s stock valued at $1,852,000 after purchasing an additional 22,940 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan bought a new position in Louisiana-Pacific in the 3rd quarter worth $271,000. 93.14% of the stock is owned by institutional investors and hedge funds.
Shares of Louisiana-Pacific Co. (NYSE LPX) traded up $0.15 on Friday, reaching $26.67. 3,735,097 shares of the company traded hands, compared to its average volume of 1,487,084. The company has a market cap of $3,842.04, a P/E ratio of 14.41, a PEG ratio of 2.55 and a beta of 1.51. Louisiana-Pacific Co. has a 12-month low of $18.69 and a 12-month high of $29.44. The company has a quick ratio of 4.31, a current ratio of 5.25 and a debt-to-equity ratio of 0.24.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.05). Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The company had revenue of $718.30 million for the quarter, compared to the consensus estimate of $731.47 million. During the same quarter in the previous year, the firm posted $0.32 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. equities research analysts forecast that Louisiana-Pacific Co. will post 2.08 EPS for the current year.
LPX has been the topic of several recent analyst reports. Longbow Research reiterated a “neutral” rating on shares of Louisiana-Pacific in a report on Tuesday, October 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $37.00 target price on shares of Louisiana-Pacific in a report on Monday, October 30th. BMO Capital Markets downgraded shares of Louisiana-Pacific from a “market perform” rating to an “underperform” rating and lifted their target price for the stock from $22.00 to $24.00 in a report on Friday, September 29th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Vertical Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Monday, November 6th. 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 stock. The company has an average rating of “Hold” and a consensus price target of $29.67.
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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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