New York State Common Retirement Fund Sells 38,253 Shares of Louisiana-Pacific Co. (LPX)

New York State Common Retirement Fund lessened its holdings in Louisiana-Pacific Co. (NYSE:LPX) by 7.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 477,498 shares of the construction company’s stock after selling 38,253 shares during the period. New York State Common Retirement Fund owned approximately 0.33% of Louisiana-Pacific worth $12,931,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. raised its position in Louisiana-Pacific by 9.9% in the second quarter. Vanguard Group Inc. now owns 14,500,326 shares of the construction company’s stock worth $349,603,000 after purchasing an additional 1,302,444 shares in the last quarter. Iridian Asset Management LLC CT raised its position in Louisiana-Pacific by 71.6% in the second 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. Dimensional Fund Advisors LP raised its position in Louisiana-Pacific by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 4,793,951 shares of the construction company’s stock worth $115,583,000 after purchasing an additional 95,195 shares in the last quarter. State Street Corp raised its position in Louisiana-Pacific by 4.5% in the second quarter. State Street Corp now owns 4,649,675 shares of the construction company’s stock worth $112,109,000 after purchasing an additional 202,141 shares in the last quarter. Finally, Northern Trust Corp raised its position in Louisiana-Pacific by 2.6% in the second quarter. Northern Trust Corp now owns 2,407,968 shares of the construction company’s stock worth $58,056,000 after purchasing an additional 61,222 shares in the last quarter. 93.08% of the stock is owned by hedge funds and other institutional investors.

Shares of Louisiana-Pacific Co. (LPX) opened at $26.95 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.31 and a current ratio of 5.25. The firm has a market cap of $3,863.05, a PE ratio of 14.49, a price-to-earnings-growth ratio of 2.56 and a beta of 1.51. Louisiana-Pacific Co. has a 52 week low of $18.69 and a 52 week high of $29.44.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). The firm had revenue of $718.30 million for the quarter, compared to the consensus estimate of $731.47 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. Louisiana-Pacific’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 earnings per share. sell-side analysts predict that Louisiana-Pacific Co. will post 2.08 EPS for the current fiscal year.

Several research firms recently issued reports on LPX. Zacks Investment Research lowered shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 10th. Vertical Research raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price objective on shares of Louisiana-Pacific in a research note on Monday, October 30th. Stephens assumed coverage on shares of Louisiana-Pacific in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price objective on the stock. Finally, Longbow Research reaffirmed a “neutral” rating on shares of Louisiana-Pacific in a research note on Tuesday, October 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.67.

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About Louisiana-Pacific

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

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