Rothschild Investment Corp IL trimmed its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 4.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,625 shares of the building manufacturing company’s stock after selling 1,075 shares during the quarter. Rothschild Investment Corp IL’s holdings in Louisiana-Pacific were worth $630,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in LPX. First Trust Advisors LP boosted its stake in Louisiana-Pacific by 1,090.7% during the 1st quarter. First Trust Advisors LP now owns 739,656 shares of the building manufacturing company’s stock worth $18,033,000 after purchasing an additional 677,534 shares during the last quarter. Cerebellum GP LLC boosted its stake in Louisiana-Pacific by 6.2% during the 1st quarter. Cerebellum GP LLC now owns 12,704 shares of the building manufacturing company’s stock worth $310,000 after purchasing an additional 743 shares during the last quarter. FMR LLC boosted its stake in Louisiana-Pacific by 256.3% during the 1st quarter. FMR LLC now owns 459,499 shares of the building manufacturing company’s stock worth $11,203,000 after purchasing an additional 330,547 shares during the last quarter. Patten & Patten Inc. TN boosted its stake in Louisiana-Pacific by 21.5% during the 2nd quarter. Patten & Patten Inc. TN now owns 100,305 shares of the building manufacturing company’s stock worth $2,630,000 after purchasing an additional 17,750 shares during the last quarter. Finally, Unigestion Holding SA acquired a new stake in Louisiana-Pacific during the 2nd quarter worth $2,189,000. 97.25% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have issued reports on LPX shares. ValuEngine cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Thursday. TD Securities reduced their price target on Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating on the stock in a report on Wednesday, August 7th. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $26.00 to $28.00 in a report on Friday, June 14th. Zacks Investment Research upgraded Louisiana-Pacific from a “sell” rating to a “hold” rating and set a $27.00 price target on the stock in a report on Friday, August 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $30.00 price target on shares of Louisiana-Pacific in a report on Thursday, August 8th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Louisiana-Pacific has a consensus rating of “Buy” and an average price target of $28.84.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Tuesday, August 6th. The building manufacturing company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.14). Louisiana-Pacific had a return on equity of 11.70% and a net margin of 7.41%. The company had revenue of $588.00 million for the quarter, compared to analysts’ expectations of $641.63 million. During the same quarter in the prior year, the firm earned $1.11 EPS. The firm’s revenue was down 27.5% on a year-over-year basis. Research analysts expect that Louisiana-Pacific Co. will post 0.7 EPS for the current year.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.
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