Fox Run Management L.l.c. adds Louisiana-Pacific Corporation (LPX) to its portfolio

Louisiana-Pacific Corporation (LPX) : Fox Run Management L.l.c. added new position in Louisiana-Pacific Corporation during the most recent quarter end. The investment management firm now holds 38,000 shares of Louisiana-Pacific Corporation which is valued at $700,720 , the company said in a statement filed on Oct 12, 2016 with the SEC.Louisiana-Pacific Corporation makes up approximately 0.42% of Fox Run Management L.l.c.’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in LPX in the latest quarter, The investment management firm added 456 additional shares and now holds a total of 44,676 shares of Louisiana-Pacific Corporation which is valued at $823,825.Oregon Public Employees Retirement Fund boosted its stake in LPX in the latest quarter, The investment management firm added 1,960 additional shares and now holds a total of 49,498 shares of Louisiana-Pacific Corporation which is valued at $932,047. Louisiana-Pacific Corporation makes up approx 0.02% of Oregon Public Employees Retirement Fund’s portfolio.First Mercantile Trust Co reduced its stake in LPX by selling 2,756 shares or 10.11% in the most recent quarter. The Hedge Fund company now holds 24,513 shares of LPX which is valued at $460,109. Louisiana-Pacific Corporation makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in LPX by selling 38,824 shares or 60.4% in the most recent quarter. The Hedge Fund company now holds 25,459 shares of LPX which is valued at $474,810.

Louisiana-Pacific Corporation closed down -0.39 points or -2.07% at $18.44 with 11,18,698 shares getting traded on Tuesday. Post opening the session at $18.75, the shares hit an intraday low of $18.4 and an intraday high of $18.75 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Louisiana-Pacific Corporation reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.26. The company had revenue of $582.40 million for the quarter, compared to analysts expectations of $582.79 million. The company’s revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.08 EPS.

Many Wall Street Analysts have commented on Louisiana-Pacific Corporation. Louisiana-Pacific Corporation was Upgraded by Dundee to ” Buy” on Jul 21, 2016.

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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