Duality Advisers LP Purchases New Position in Louisiana-Pacific Co. (NYSE:LPX)

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Duality Advisers LP acquired a new position in shares of Louisiana-Pacific Co. (NYSE:LPX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 62,050 shares of the building manufacturing company’s stock, valued at approximately $1,592,000.

Several other institutional investors also recently modified their holdings of the company. Fifth Third Bancorp grew its holdings in shares of Louisiana-Pacific by 16.3% during the first quarter. Fifth Third Bancorp now owns 3,674 shares of the building manufacturing company’s stock worth $63,000 after purchasing an additional 514 shares in the last quarter. State of Alaska Department of Revenue grew its stake in Louisiana-Pacific by 4.9% in the 1st quarter. State of Alaska Department of Revenue now owns 20,256 shares of the building manufacturing company’s stock worth $347,000 after buying an additional 953 shares in the last quarter. NorthCoast Asset Management LLC increased its holdings in shares of Louisiana-Pacific by 3.0% in the 1st quarter. NorthCoast Asset Management LLC now owns 46,040 shares of the building manufacturing company’s stock worth $791,000 after buying an additional 1,329 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Louisiana-Pacific by 13.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,781 shares of the building manufacturing company’s stock worth $302,000 after buying an additional 1,399 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in shares of Louisiana-Pacific by 2.0% during the 1st quarter. Federated Hermes Inc. now owns 97,991 shares of the building manufacturing company’s stock valued at $1,683,000 after buying an additional 1,955 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts recently commented on LPX shares. Scotiabank increased their target price on Louisiana-Pacific from $24.00 to $27.00 and gave the company a “sector perform” rating in a research note on Thursday, July 9th. Zacks Investment Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Tuesday, July 7th. BMO Capital Markets dropped their target price on Louisiana-Pacific from $38.00 to $34.00 and set an “outperform” rating for the company in a research report on Wednesday, May 6th. TD Securities lowered Louisiana-Pacific from a “buy” rating to a “hold” rating and upped their target price for the stock from $23.00 to $26.00 in a research note on Friday, June 19th. They noted that the move was a valuation call. Finally, DA Davidson decreased their price target on shares of Louisiana-Pacific from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $29.14.

Shares of LPX stock opened at $31.67 on Friday. The stock has a market capitalization of $3.55 billion, a PE ratio of 3,170.17 and a beta of 1.71. Louisiana-Pacific Co. has a 1-year low of $12.97 and a 1-year high of $34.35. The business has a 50-day moving average of $26.58 and a 200 day moving average of $24.83. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.56 and a quick ratio of 3.23.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, May 5th. The building manufacturing company reported $0.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.04. Louisiana-Pacific had a return on equity of 5.91% and a net margin of 0.04%. The firm had revenue of $585.00 million during the quarter, compared to the consensus estimate of $581.98 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business’s revenue was up .5% on a year-over-year basis. Analysts anticipate that Louisiana-Pacific Co. will post 0.9 EPS for the current year.

In other news, Director Stephen E. Macadam purchased 5,000 shares of the stock in a transaction that occurred on Thursday, May 7th. The stock was bought at an average cost of $21.90 per share, for a total transaction of $109,500.00. 0.40% of the stock is owned by insiders.

Louisiana-Pacific Company Profile

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

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