Louisiana-Pacific Corporation (NYSE:LPX) insider Rebecca Anne Barckley sold 5,128 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total transaction of $138,456.00. Following the completion of the transaction, the insider now owns 7,305 shares in the company, valued at approximately $197,235. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Louisiana-Pacific Corporation (LPX) opened at 26.86 on Friday. Louisiana-Pacific Corporation has a 12-month low of $17.08 and a 12-month high of $27.75. The stock has a market capitalization of $3.89 billion, a PE ratio of 15.30 and a beta of 1.27. The stock’s 50 day moving average is $24.98 and its 200 day moving average is $24.53.
Louisiana-Pacific Corporation (NYSE:LPX) last released its earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). The company had revenue of $694.00 million during 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%. The firm’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Equities analysts anticipate that Louisiana-Pacific Corporation will post $1.98 EPS for the current fiscal year.
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LPX has been the topic of several analyst reports. ValuEngine upgraded shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, May 25th. Royal Bank Of Canada reiterated a “buy” rating and issued a $32.00 target price on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday, August 3rd. Finally, BMO Capital Markets reissued a “hold” rating and set a $22.00 price objective on shares of Louisiana-Pacific Corporation in a report on Thursday, July 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. Louisiana-Pacific Corporation presently has a consensus rating of “Hold” and a consensus target price of $27.00.
A number of hedge funds have recently added to or reduced their stakes in LPX. BlackRock Inc. boosted its stake in Louisiana-Pacific Corporation by 24,793.7% in the 1st quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock worth $409,068,000 after purchasing an additional 16,415,153 shares in the last quarter. Iridian Asset Management LLC CT boosted its stake in Louisiana-Pacific Corporation by 71.6% in the 2nd quarter. Iridian Asset Management LLC CT now owns 4,846,075 shares of the construction company’s stock worth $116,839,000 after purchasing an additional 2,021,510 shares in the last quarter. Vanguard Group Inc. boosted its stake in Louisiana-Pacific Corporation by 16.2% in the 1st quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock worth $327,572,000 after purchasing an additional 1,835,706 shares in the last quarter. AJO LP acquired a new stake in Louisiana-Pacific Corporation in the 2nd quarter worth approximately $43,821,000. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in Louisiana-Pacific Corporation in the 1st quarter worth approximately $28,202,000. Institutional investors own 91.12% of the company’s stock.
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.
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