Economy

Louisiana-Pacific Corporation (NYSE:LPX) SVP Sells 5871 Shares of Stock

During last 3 month period, -0.82% of total institutional ownership has changed in the company shares. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. Institutional investors and hedge funds own 91.10% of the company's stock. Public Employees Retirement System of OH now owns 5,798 shares of the construction company's stock valued at $140,000 after buying an additional 56 shares in the last quarter. Capstone Asset Management bought a fresh position in stocks of Louisiana-Pacific Corporation during the Q1 valued $232,000. Zacks Investment Research upgraded shares of Louisiana-Pacific Corporation from a "hold" rating to a "buy" rating and set a $27.00 price objective on the stock in a research note on Tuesday, July 11th.

Investors and Traders continue to monitor technical levels of shares of QVC Group (QVCA). Finally, Flinton Capital Management LLC increased its position in shares of Louisiana-Pacific Corporation by 76.1% during the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company's stock valued at $176,000 after buying an additional 3,152 shares during the period.

Louisiana-Pacific Corporation (NYSE LPX) traded down 6.06% during midday trading on Friday, reaching $26.84. Royal Bank Of Canada now has an outperform rating on the construction company's stock. We should also note their 52-Week High and Low: the shares now trade -8.37% away from their high and 57.93% from the low.

Shares are trading at $27.13 which is marginally over $25.11, the stock's 50 day moving average and which is quite a bit higher than the 200 day moving average of $24.59.

Louisiana-Pacific Corporation now has a P/E ratio of 15.48 and the market cap of the company is 3.94B. Magnetar Financial Limited Liability has invested 0.01% in Louisiana-Pacific Corporation (NYSE:LPX). The construction company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.03). It has a Return on Investment (ROI) of 10.60% and a gross margin of 26.30%. The business had revenue of $694.00 million for the quarter, compared to the consensus estimate of $700.73 million. During the same period in the previous year, the firm posted $0.28 EPS. The business's revenue was up 19.2% compared to the same quarter a year ago. As of the latest earnings report the EPS was $1.76 and is projected to be $2.09 for the current year with 144,797,000 shares presently outstanding. Recently, the stock has been noticed trading 5.30% away from the 20-day moving average. BMO Capital Markets reiterated a "hold" recommendation and fixed a $22.00 price objective on the stock of Louisiana-Pacific Corporation in a note on Thurs, Jul 27th. They noted that the move was a valuation call. 1 expert has recommended the share with a sell recommendation, around seven has issued a hold recommendation and four have issued a buy recommendation to The corporation. On Thursday, July 21 the stock rating was upgraded by Dundee Securities to "Buy". Royal Bank Of Canada lifted their target price on shares of Louisiana-Pacific Corporation and gave the stock an "outperform" rating in a report on Tuesday. Analysts assigned mean rating at 3.00 (1.0 = Strong Buy, 5.0 = Sell).

WARNING: "Insider Selling: Louisiana-Pacific Corporation (NYSE:LPX) SVP Sells 5,871 Shares of Stock" was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. The stock was sold at an average price of $27.00, for a total value of $138,456.00. Following the completion of the transaction, the insider now directly owns 7,305 shares in the company, valued at approximately $197,235. The transaction was disclosed in a document filed with the SEC, which is available at this link. If Louisiana-Pacific Corporation (NYSE:LPX) shares can stay above the price resistance around $28.82 a share, that could help propel Louisiana-Pacific Corporation (NYSE:LPX) higher to the next line of resistance at $29.07 a share.

LPX is now overvalued by 8.06% relative to the average 1-year price target of $26.44 taken from a group of Wall Street Analysts. The disclosure for this sale can be found here. The company moved in the past week with shift of 1.04%.

On Friday, Shares of Louisiana-Pacific Corporation (NYSE:LPX) expressed a change of -4.90% and is now trading at $27.17. The Business's products are used in home construction, fix and remodeling, and outdoor structures.



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