Deutsche Bank AG boosted its stake in Louisiana-Pacific Co. (NYSE:LPX – Get Rating) by 3,148.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 483,676 shares of the building manufacturing company’s stock after buying an additional 468,785 shares during the period. Deutsche Bank AG owned 0.59% of Louisiana-Pacific worth $25,350,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of LPX. Financial Management Professionals Inc. lifted its holdings in Louisiana-Pacific by 2,900.0% in the second quarter. Financial Management Professionals Inc. now owns 480 shares of the building manufacturing company’s stock worth $25,000 after buying an additional 464 shares during the period. Zions Bancorporation N.A. bought a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $25,000. Total Clarity Wealth Management Inc. bought a new position in shares of Louisiana-Pacific during the second quarter valued at approximately $52,000. CNB Bank bought a new position in shares of Louisiana-Pacific during the second quarter valued at approximately $66,000. Finally, Covestor Ltd increased its stake in shares of Louisiana-Pacific by 35.2% during the first quarter. Covestor Ltd now owns 1,720 shares of the building manufacturing company’s stock valued at $107,000 after purchasing an additional 448 shares in the last quarter. 91.07% of the stock is currently owned by hedge funds and other institutional investors.
Louisiana-Pacific Price Performance
Shares of LPX opened at $63.42 on Friday. The company has a market capitalization of $4.55 billion, a P/E ratio of 4.07 and a beta of 1.61. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.25. The firm has a 50 day moving average of $55.65 and a 200 day moving average of $58.71. Louisiana-Pacific Co. has a twelve month low of $48.20 and a twelve month high of $79.77.
Louisiana-Pacific Announces Dividend
Wall Street Analysts Forecast Growth
A number of brokerages have weighed in on LPX. DA Davidson raised their target price on shares of Louisiana-Pacific to $70.00 in a research note on Monday, August 15th. Bank of America downgraded shares of Louisiana-Pacific from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $64.00 to $56.00 in a research note on Tuesday, September 20th. StockNews.com began coverage on shares of Louisiana-Pacific in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, TD Securities decreased their target price on shares of Louisiana-Pacific from $70.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, November 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $66.50.
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
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