Louisiana-Pacific Co. (NYSE:LPX) saw a significant decrease in short interest during the month of July. As of July 15th, there was short interest totalling 5,271,900 shares, a decrease of 7.9% from the June 15th total of 5,722,300 shares. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is presently 2.5 days. Approximately 3.9% of the shares of the company are sold short.

Large investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC bought a new stake in Louisiana-Pacific during the first quarter valued at about $45,000. Baker Ellis Asset Management LLC bought a new position in shares of Louisiana-Pacific in the first quarter worth about $134,000. Hollencrest Capital Management bought a new position in shares of Louisiana-Pacific in the first quarter worth about $213,000. Virtu Financial LLC bought a new position in shares of Louisiana-Pacific in the first quarter worth about $215,000. Finally, Quantitative Systematic Strategies LLC bought a new position in shares of Louisiana-Pacific in the first quarter worth about $232,000. 89.45% of the stock is owned by institutional investors and hedge funds.

NYSE:LPX traded up $0.36 during mid-day trading on Tuesday, hitting $26.75. 918,400 shares of the company traded hands, compared to its average volume of 1,992,068. The company has a fifty day moving average of $25.87. Louisiana-Pacific has a one year low of $20.39 and a one year high of $32.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.25 and a current ratio of 3.55. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 9.76, a price-to-earnings-growth ratio of 4.55 and a beta of 1.44.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.03). Louisiana-Pacific had a net margin of 12.16% and a return on equity of 19.63%. The company had revenue of $582.00 million for the quarter, compared to the consensus estimate of $601.49 million. During the same period in the prior year, the firm posted $0.63 EPS. The business’s revenue for the quarter was down 15.8% on a year-over-year basis. As a group, equities research analysts expect that Louisiana-Pacific will post 1.17 EPS for the current fiscal year.

A number of research firms recently commented on LPX. BMO Capital Markets reiterated a “hold” rating and set a $9.50 price objective on shares of Vicon Industries in a research report on Friday, June 14th. Bank of America lowered Genesee & Wyoming from a “neutral” rating to an “underperform” rating and set a $88.65 price target for the company. in a report on Tuesday, April 30th. Zacks Investment Research lowered Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price target for the company in a report on Friday, April 5th. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $28.96.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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