TD Asset Management Inc. increased its position in Louisiana-Pacific Co. (NYSE:LPX) by 8.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,580 shares of the construction company’s stock after buying an additional 2,300 shares during the period. TD Asset Management Inc.’s holdings in Louisiana-Pacific were worth $734,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Fortaleza Asset Management Inc. increased its position in Louisiana-Pacific by 8.2% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,890 shares of the construction company’s stock worth $130,000 after buying an additional 520 shares during the last quarter. Elkfork Partners LLC bought a new position in Louisiana-Pacific during the fourth quarter worth about $180,000. Acrospire Investment Management LLC increased its position in Louisiana-Pacific by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock worth $192,000 after buying an additional 60 shares during the last quarter. Turner Investments LLC bought a new position in Louisiana-Pacific during the fourth quarter worth about $208,000. Finally, Breton Hill Capital Ltd. bought a new position in Louisiana-Pacific during the first quarter worth about $221,000. 97.29% of the stock is owned by institutional investors.
Shares of Louisiana-Pacific Co. (NYSE:LPX) opened at 23.04 on Friday. The stock has a market cap of $3.33 billion, a PE ratio of 17.23 and a beta of 1.14. The stock’s 50 day moving average is $24.14 and its 200-day moving average is $22.43. Louisiana-Pacific Co. has a 12-month low of $15.74 and a 12-month high of $26.92.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Friday, May 5th. The construction company reported $0.33 EPS for the quarter, topping the consensus estimate of $0.31 by $0.02. The firm had revenue of $611 million during the quarter, compared to analyst estimates of $607.21 million. Louisiana-Pacific had a net margin of 6.71% and a return on equity of 11.56%. Louisiana-Pacific’s revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 EPS. Equities analysts expect that Louisiana-Pacific Co. will post $1.68 EPS for the current year.
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A number of equities analysts recently issued reports on the stock. TD Securities reissued a “hold” rating on shares of Louisiana-Pacific in a research note on Tuesday, May 9th. Royal Bank of Canada reissued a “buy” rating and issued a $26.00 price target on shares of Louisiana-Pacific in a research note on Tuesday, April 18th. Zacks Investment Research raised shares of Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $26.00 price target for the company in a research note on Saturday, February 11th. DA Davidson raised shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and increased their price target for the stock from $20.00 to $27.00 in a research note on Thursday, February 9th. Finally, Buckingham Research downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Wednesday, April 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Louisiana-Pacific presently has a consensus rating of “Hold” and an average price target of $26.40.
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.
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