Capital Innovations Lowers stake in Louisiana-Pacific Corporation (LPX)

Louisiana-Pacific Corporation (LPX) : Capital Innovations reduced its stake in Louisiana-Pacific Corporation by 4.75% during the most recent quarter end. The investment management company now holds a total of 144,264 shares of Louisiana-Pacific Corporation which is valued at $2.6 Million after selling 7,200 shares in Louisiana-Pacific Corporation , the firm said in a disclosure report filed with the SEC on May 11, 2016.Louisiana-Pacific Corporation makes up approximately 4.53% of Capital Innovations’s portfolio.

Other Hedge Funds, Including , Jefferies Group added LPX to its portfolio by purchasing 60,186 company shares during the most recent quarter which is valued at $1.1 Million. Louisiana-Pacific Corporation makes up approx 0.04% of Jefferies Group’s portfolio.Tiaa Cref Investment Management reduced its stake in LPX by selling 239,725 shares or 3.67% in the most recent quarter. The Hedge Fund company now holds 6,297,093 shares of LPX which is valued at $115.2 Million. Louisiana-Pacific Corporation makes up approx 0.09% of Tiaa Cref Investment Management’s portfolio.Td Asset Management Inc reduced its stake in LPX by selling 2,500 shares or 10.17% in the most recent quarter. The Hedge Fund company now holds 22,080 shares of LPX which is valued at $403,843.Schwab Charles Investment Management Inc boosted its stake in LPX in the latest quarter, The investment management firm added 24,284 additional shares and now holds a total of 586,632 shares of Louisiana-Pacific Corporation which is valued at $10.7 Million. Louisiana-Pacific Corporation makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.

Louisiana-Pacific Corporation closed down -0.08 points or -0.44% at $18.11 with 16,10,933 shares getting traded on Monday. Post opening the session at $18.19, the shares hit an intraday low of $17.94 and an intraday high of $18.45 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Louisiana-Pacific Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.01. The company had revenue of $505.00 million for the quarter, compared to analysts expectations of $512.27 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.

Many Wall Street Analysts have commented on Louisiana-Pacific Corporation. Shares were Upgraded by DA Davidson on Feb 12, 2016 to ” Neutral” and Lowered the Price Target to $ 15 from a previous price target of $16 .

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in new 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. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL) I-Joists laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands and other products services and closed operations.

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