Latest Stocks: Pictet Asset Management Ltd. Acquires Shares of 270,654 Louisiana-Pacific Co. (LPX)

Latest Stocks: Pictet Asset Management Ltd. Acquires Shares of 270,654 Louisiana-Pacific Co. (LPX)

Pictet Asset Management Ltd. purchased a new stake in Louisiana-Pacific Co. (NYSE:LPX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 270,654 shares of the construction company’s stock, valued at approximately $6,718,000. Pictet Asset Management Ltd. owned 0.19% of Louisiana-Pacific as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Fortaleza Asset Management Inc. increased its stake in shares of Louisiana-Pacific by 8.2% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after buying an additional 520 shares during the period. First Midwest Bank Trust Division increased its position in Louisiana-Pacific by 3.1% in the first quarter. First Midwest Bank Trust Division now owns 17,992 shares of the construction company’s stock worth $447,000 after buying an additional 536 shares during the last quarter. NS Partners Ltd increased its position in Louisiana-Pacific by 0.3% in the third quarter. NS Partners Ltd now owns 210,325 shares of the construction company’s stock worth $3,960,000 after buying an additional 621 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Louisiana-Pacific by 1.4% in the first quarter. Oregon Public Employees Retirement Fund now owns 50,198 shares of the construction company’s stock worth $1,246,000 after buying an additional 700 shares during the last quarter. Finally, Capstone Investment Advisors LLC increased its position in Louisiana-Pacific by 4.8% in the fourth quarter. Capstone Investment Advisors LLC now owns 19,799 shares of the construction company’s stock worth $374,000 after buying an additional 900 shares during the last quarter. Institutional investors own 97.29% of the company’s stock.

Shares of Louisiana-Pacific Co. (NYSE:LPX) opened at 22.77 on Tuesday. Louisiana-Pacific Co. has a 52-week low of $15.74 and a 52-week high of $26.92. The firm’s 50-day moving average price is $24.26 and its 200-day moving average price is $22.41. The firm has a market capitalization of $3.30 billion, a PE ratio of 17.03 and a beta of 1.14.

A number of research firms have recently commented on LPX. ValuEngine upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 25th. Royal Bank of Canada reiterated a “buy” rating and issued a $32.00 price objective on shares of Louisiana-Pacific in a report on Tuesday, May 23rd. Zacks Investment Research downgraded Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 10th. TD Securities restated a “hold” rating on shares of Louisiana-Pacific in a research note on Tuesday, May 9th. Finally, DA Davidson downgraded Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Monday, May 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. Louisiana-Pacific presently has a consensus rating of “Hold” and an average price target of $26.40. About Louisiana-Pacific

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