Scopus Asset Management L.P. Acquires 236,900 Shares of Louisiana-Pacific Corporation (LPX)

Scopus Asset Management L.P. raised its position in Louisiana-Pacific Corporation (NYSE:LPX) by 118.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,900 shares of the construction company’s stock after buying an additional 236,900 shares during the period. Scopus Asset Management L.P. owned about 0.30% of Louisiana-Pacific Corporation worth $10,844,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of LPX. Acrospire Investment Management LLC increased its stake in Louisiana-Pacific Corporation 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 period. Northwestern Mutual Investment Management Company LLC increased its stake in Louisiana-Pacific Corporation by 1.5% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 24,871 shares of the construction company’s stock worth $617,000 after buying an additional 360 shares during the period. Fortaleza Asset Management Inc. increased its stake in Louisiana-Pacific Corporation 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 period. First Midwest Bank Trust Division increased its stake in Louisiana-Pacific Corporation by 3.1% in the first quarter. First Midwest Bank Trust Division now owns 17,992 shares of the construction company’s stock worth $447,000 after buying an additional 536 shares during the period. Finally, Municipal Employees Retirement System of Michigan increased its stake in Louisiana-Pacific Corporation by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 65,910 shares of the construction company’s stock worth $1,636,000 after buying an additional 560 shares during the period. 93.56% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Louisiana-Pacific Corporation (NYSE:LPX)

Shares of Louisiana-Pacific Corporation (NYSE LPX) traded up 0.21% on Friday, reaching $24.14. 1,638,084 shares of the company were exchanged. The company’s 50-day moving average price is $23.69 and its 200 day moving average price is $22.57. Louisiana-Pacific Corporation has a 12 month low of $15.74 and a 12 month high of $26.92. The company has a market cap of $3.49 billion, a price-to-earnings ratio of 18.06 and a beta of 1.40.

Louisiana-Pacific Corporation (NYSE:LPX) last released its earnings results on Friday, May 5th. The construction company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.02. Louisiana-Pacific Corporation had a net margin of 8.31% and a return on equity of 14.34%. The company had revenue of $611 million for the quarter, compared to the consensus estimate of $607.21 million. During the same quarter in the previous year, the company earned $0.07 EPS. Louisiana-Pacific Corporation’s quarterly revenue was up 21.0% compared to the same quarter last year. On average, equities research analysts expect that Louisiana-Pacific Corporation will post $1.68 EPS for the current year.

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A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Louisiana-Pacific Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised 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 reissued a “buy” rating and set a $32.00 price target on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. Buckingham Research downgraded shares of Louisiana-Pacific Corporation 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. Finally, Vertical Research downgraded shares of Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $26.40.

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, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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