Todays Report: Today, Quantitative Investment Management LLC Buys 34,400 Shares of Louisiana-Pacific Corp. (LPX)

Today, Quantitative Investment Management LLC Buys 34,400  Shares of Louisiana-Pacific Corp. (LPX)

Quantitative Investment Management LLC bought a new position in shares of Louisiana-Pacific Corp. (NYSE:LPX) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm bought 34,400 shares of the company’s stock, valued at approximately $647,000.

Several other hedge funds have also recently made changes to their positions in LPX. Geode Capital Management LLC boosted its stake in shares of Louisiana-Pacific Corp. by 6.8% in the first quarter. Geode Capital Management LLC now owns 908,239 shares of the company’s stock worth $15,548,000 after buying an additional 58,043 shares during the period. Metropolitan Life Insurance Co. NY boosted its stake in shares of Louisiana-Pacific Corp. by 1.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 225,517 shares of the company’s stock worth $3,861,000 after buying an additional 3,787 shares during the period. BNP Paribas Arbitrage SA boosted its stake in shares of Louisiana-Pacific Corp. by 59,977.6% in the second quarter. BNP Paribas Arbitrage SA now owns 64,283 shares of the company’s stock worth $1,115,000 after buying an additional 64,176 shares during the period. Creative Planning boosted its stake in shares of Louisiana-Pacific Corp. by 58.8% in the second quarter. Creative Planning now owns 6,814 shares of the company’s stock worth $118,000 after buying an additional 2,522 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of Louisiana-Pacific Corp. by 0.5% in the second quarter. Nisa Investment Advisors LLC now owns 122,460 shares of the company’s stock worth $2,125,000 after buying an additional 600 shares during the period. 99.59% of the stock is owned by hedge funds and other institutional investors.

Shares of Louisiana-Pacific Corp. (NYSE:LPX) opened at 19.68 on Friday. Louisiana-Pacific Corp. has a 1-year low of $13.31 and a 1-year high of $20.97. The stock has a market capitalization of $2.80 billion, a P/E ratio of 28.44 and a beta of 1.10. The firm’s 50-day moving average price is $18.53 and its 200 day moving average price is $18.69.

Louisiana-Pacific Corp. (NYSE:LPX) last announced its earnings results on Monday, October 31st. The company reported $0.32 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $596 million for the quarter, compared to analysts’ expectations of $603.10 million. During the same period in the previous year, the firm posted ($0.12) earnings per share. The firm’s revenue was up 28.3% compared to the same quarter last year. Analysts expect that Louisiana-Pacific Corp. will post $1.01 EPS for the current fiscal year.

A number of analysts recently issued reports on LPX shares. BMO Capital Markets cut Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a research report on Monday, August 8th. They noted that the move was a valuation call. TheStreet raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Vertical Research raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research note on Friday, October 14th. Vertical Group raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research note on Friday, October 14th. Finally, Zacks Investment Research downgraded Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Louisiana-Pacific Corp. has a consensus rating of “Buy” and an average target price 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.

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