Mutual of America Capital Management LLC reduced its stake in shares of Louisiana-Pacific Corp. (NYSE:LPX) by 1.4% during the third quarter, Holdings Channel reports. The fund owned 106,326 shares of the company’s stock after selling 1,538 shares during the period. Mutual of America Capital Management LLC owned approximately 0.07% of Louisiana-Pacific Corp. worth $2,002,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of LPX. Strs Ohio raised its stake in Louisiana-Pacific Corp. by 0.6% in the third quarter. Strs Ohio now owns 16,600 shares of the company’s stock valued at $312,000 after buying an additional 100 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its stake in Louisiana-Pacific Corp. by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 24,817 shares of the company’s stock valued at $431,000 after buying an additional 117 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in Louisiana-Pacific Corp. by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,878 shares of the company’s stock valued at $102,000 after buying an additional 433 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in Louisiana-Pacific Corp. by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 122,460 shares of the company’s stock valued at $2,125,000 after buying an additional 600 shares during the last quarter. Finally, State Treasurer State of Michigan raised its stake in Louisiana-Pacific Corp. by 1.1% in the second quarter. State Treasurer State of Michigan now owns 57,699 shares of the company’s stock valued at $1,001,000 after buying an additional 600 shares during the last quarter. 97.22% of the stock is currently owned by institutional investors.

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

Louisiana-Pacific Corp. (NYSE:LPX) traded down 1.58% on Wednesday, hitting $19.34. 1,229,317 shares of the company traded hands. The stock has a market cap of $2.75 billion, a PE ratio of 27.95 and a beta of 1.10. Louisiana-Pacific Corp. has a 12 month low of $13.31 and a 12 month high of $20.97. The stock’s 50-day moving average is $18.58 and its 200 day moving average is $18.71.

Louisiana-Pacific Corp. (NYSE:LPX) last announced its quarterly earnings results on Monday, October 31st. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by $0.04. Louisiana-Pacific Corp. had a return on equity of 9.09% and a net margin of 4.66%. The company had revenue of $596 million for the quarter, compared to analyst estimates of $603.10 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. Louisiana-Pacific Corp.’s revenue was up 28.3% compared to the same quarter last year. Equities research analysts expect that Louisiana-Pacific Corp. will post $1.01 earnings per share for the current fiscal year.

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Several research firms have commented on LPX. BMO Capital Markets lowered shares of Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a report on Monday, August 8th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Vertical Group upgraded shares of Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. TheStreet upgraded shares of Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Finally, Vertical Research upgraded shares of Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.33.

About Louisiana-Pacific Corp.

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

5 Day Chart for NYSE:LPX

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