Louisiana-Pacific Corporation (LPX) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its position in shares of Louisiana-Pacific Corporation (NYSE:LPX) by 5.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 297,400 shares of the construction company’s stock after purchasing an additional 14,100 shares during the period. California Public Employees Retirement System owned about 0.21% of Louisiana-Pacific Corporation worth $7,170,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of Louisiana-Pacific Corporation by 72.7% during the second quarter. JPMorgan Chase & Co. now owns 594,495 shares of the construction company’s stock worth $14,334,000 after purchasing an additional 250,213 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Louisiana-Pacific Corporation by 16.9% during the second quarter. Federated Investors Inc. PA now owns 154,320 shares of the construction company’s stock worth $3,721,000 after purchasing an additional 22,326 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Louisiana-Pacific Corporation by 32.2% during the second quarter. SG Americas Securities LLC now owns 73,316 shares of the construction company’s stock worth $1,768,000 after purchasing an additional 17,859 shares in the last quarter. IndexIQ Advisors LLC increased its position in shares of Louisiana-Pacific Corporation by 42.6% during the second quarter. IndexIQ Advisors LLC now owns 76,835 shares of the construction company’s stock worth $1,852,000 after purchasing an additional 22,940 shares in the last quarter. Finally, Arizona State Retirement System increased its position in shares of Louisiana-Pacific Corporation by 1.7% during the second quarter. Arizona State Retirement System now owns 61,000 shares of the construction company’s stock worth $1,471,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 91.10% of the company’s stock.

Louisiana-Pacific Corporation (LPX) opened at 28.28 on Friday. The company has a 50-day moving average price of $27.03 and a 200 day moving average price of $25.09. The firm has a market cap of $4.09 billion, a PE ratio of 16.10 and a beta of 1.31. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $29.44.

Louisiana-Pacific Corporation (NYSE:LPX) last released its quarterly earnings data on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.03). The business had revenue of $694.00 million for the quarter, compared to analyst estimates of $700.73 million. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. Louisiana-Pacific Corporation’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.28 EPS. Equities research analysts anticipate that Louisiana-Pacific Corporation will post $2.13 EPS for the current year.

A number of analysts have recently commented on LPX shares. BidaskClub upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “buy” rating and issued a $37.00 price target on shares of Louisiana-Pacific Corporation in a research report on Monday, September 25th. BMO Capital Markets restated a “hold” rating and issued a $22.00 price target on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Finally, Longbow Research restated a “neutral” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $28.40.

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In other Louisiana-Pacific Corporation news, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The shares were sold at an average price of $27.00, for a total value of $138,456.00. Following the sale, the insider now owns 7,305 shares in the company, valued at $197,235. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total transaction of $158,869.26. Following the completion of the sale, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The disclosure for this sale can be found here. 1.48% of the stock is owned by corporate insiders.

Louisiana-Pacific Corporation 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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