Louisiana-Pacific Corporation (NYSE:LPX) Stake Raised by New York State Teachers Retirement System

New York State Teachers Retirement System boosted its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 0.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 272,845 shares of the construction company’s stock after buying an additional 100 shares during the period. New York State Teachers Retirement System owned 0.19% of Louisiana-Pacific Corporation worth $6,772,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its position in shares of Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock valued at $192,000 after buying an additional 60 shares during the period. Breton Hill Capital Ltd. purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter valued at about $221,000. World Asset Management Inc purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter valued at about $222,000. Capstone Asset Management Co. purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter valued at about $232,000. Finally, Affinity Wealth Management purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter valued at about $235,000. Hedge funds and other institutional investors own 93.45% of the company’s stock.

Louisiana-Pacific Corporation (NYSE:LPX) traded down 0.52% during midday trading on Friday, reaching $25.05. The company’s stock had a trading volume of 1,555,543 shares. The firm has a market capitalization of $3.63 billion, a PE ratio of 18.74 and a beta of 1.33. The firm has a 50 day moving average price of $24.63 and a 200 day moving average price of $23.61. Louisiana-Pacific Corporation has a 1-year low of $17.08 and a 1-year high of $26.92.

Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings results on Friday, May 5th. The construction company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $611 million for the quarter, compared to analyst estimates of $607.21 million. Louisiana-Pacific Corporation had a return on equity of 14.34% and a net margin of 8.31%. Louisiana-Pacific Corporation’s quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.07 EPS. On average, analysts predict that Louisiana-Pacific Corporation will post $1.70 EPS for the current year.

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LPX has been the topic of several research analyst reports. Royal Bank Of Canada restated a “buy” rating and set a $26.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Tuesday, April 18th. BidaskClub upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. ValuEngine upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Tuesday, July 11th. Finally, Vertical Research cut Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $27.00.

Louisiana-Pacific Corporation 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 Corporation (NYSE:LPX)

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