Stelliam Investment Management LP raised its stake in Louisiana-Pacific Corporation (NYSE:LPX) by 7.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,065,000 shares of the company’s stock after buying an additional 140,000 shares during the period. Louisiana-Pacific Corporation comprises approximately 1.3% of Stelliam Investment Management LP’s holdings, making the stock its 29th largest position. Stelliam Investment Management LP owned 1.44% of Louisiana-Pacific Corporation worth $39,090,000 as of its most recent filing with the SEC.
Several other institutional investors have also made changes to their positions in the company. Elkfork Partners LLC acquired a new position in shares of Louisiana-Pacific Corporation during the fourth quarter valued at about $180,000. Federated Investors Inc. PA increased its position in Louisiana-Pacific Corporation by 103.4% in the fourth quarter. Federated Investors Inc. PA now owns 160,225 shares of the company’s stock valued at $3,033,000 after buying an additional 81,463 shares during the period. Turner Investments LLC purchased a new position in Louisiana-Pacific Corporation during the fourth quarter valued at $208,000. Comerica Bank increased its position in Louisiana-Pacific Corporation by 6.6% in the fourth quarter. Comerica Bank now owns 113,771 shares of the company’s stock valued at $2,264,000 after buying an additional 7,009 shares during the period. Finally, First Interstate Bank increased its position in Louisiana-Pacific Corporation by 141.8% in the fourth quarter. First Interstate Bank now owns 10,664 shares of the company’s stock valued at $202,000 after buying an additional 6,254 shares during the period. 97.29% of the stock is currently owned by institutional investors.
Shares of Louisiana-Pacific Corporation (NYSE:LPX) traded up 1.51% on Tuesday, reaching $23.60. 2,216,836 shares of the company were exchanged. The stock has a market capitalization of $3.39 billion, a P/E ratio of 22.98 and a beta of 1.14. The stock has a 50 day moving average price of $19.94 and a 200-day moving average price of $19.39. Louisiana-Pacific Corporation has a 12 month low of $14.65 and a 12 month high of $23.73.
Louisiana-Pacific Corporation (NYSE:LPX) last released its earnings results on Wednesday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.04. Louisiana-Pacific Corporation had a net margin of 6.71% and a return on equity of 11.56%. The company had revenue of $550 million for the quarter, compared to the consensus estimate of $534.56 million. During the same period in the prior year, the company posted $0.01 EPS. The company’s revenue was up 18.8% compared to the same quarter last year. On average, equities analysts expect that Louisiana-Pacific Corporation will post $1.56 EPS for the current fiscal year.
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LPX has been the topic of several analyst reports. TheStreet raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 24th. Zacks Investment Research downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Bank of America Corporation downgraded shares of Louisiana-Pacific Corporation from a “neutral” rating to an “underperform” rating in a research report on Wednesday, December 7th. RBC Capital Markets reissued a “buy” rating and issued a $25.00 target price on shares of Louisiana-Pacific Corporation in a research report on Friday, January 6th. Finally, DA Davidson raised shares of Louisiana-Pacific Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $20.00 to $27.00 in a research report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and three have issued a strong buy rating to the stock. Louisiana-Pacific Corporation presently has an average rating of “Buy” and an average target price of $25.00.
In other Louisiana-Pacific Corporation news, Director Daniel K. Frierson sold 10,276 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $23.50, for a total transaction of $241,486.00. Following the transaction, the director now directly owns 24,239 shares in the company, valued at approximately $569,616.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kurt M. Landgraf sold 3,878 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $22.80, for a total transaction of $88,418.40. Following the transaction, the director now owns 43,075 shares in the company, valued at $982,110. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,195 shares of company stock worth $3,041,872. Corporate insiders own 1.76% of the company’s stock.
About Louisiana-Pacific Corporation
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: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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