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Louisiana-Pacific Co. is owned by Allspring Global Investments Holdings LLC, which has a $12.93 million stake (NYSE:LPX)

Louisiana-Pacific Co. is owned by Allspring Global Investments Holdings LLC, which has a $12.93 million stake (NYSE:LPX)

Allspring Global Investments Interests LLC saw a decline of 3.8% in the value of its holdings in Louisiana-Pacific Co. (NYSE: LPX) during the third quarter, as reported in the most recent disclosure that the company made with the Securities and Exchange Commission (SEC). The institutional investor was left with 252,523 shares of the company’s stock after selling 10,041 shares of the building manufacturing company’s stock during the time frame in question. According to the most recent filing that Allspring Global Investments Holdings LLC made with the SEC, the company held 0.34% of Louisiana-Pacific, which had a value of $12,926,000 at the time the holding was made.

Several institutional investors and other hedge funds recently altered the proportion of the company’s stock they owned in response to recent market events. During the first three months of the fiscal year, Zions Bancorporation National Association made a new investment of Louisiana-Pacific shares by allocating a total of $25,000. During the second quarter, Financial Management Professionals Inc. increased the quantity of Louisiana-Pacific stock owned by 2,900.0%. Financial Management Professionals, Inc. now has a total of 480 shares in the building manufacturing company due to the purchase of 464 additional shares during the period. The value of all 480 shares of stock in the company is a sum that equals $25,000 in total. During the second quarter of this year, Atlas Capital Advisors LLC made an investment in Louisiana-Pacific consisting of $42,000 in total capital. During the second quarter of the financial year, Total Clarity Wealth Management Inc. invested in Louisiana-Pacific stock with a value of 52 thousand dollars. Last but not least, CNB Bank added an additional $66,000 worth of stock in Louisiana-Pacific to its existing holdings during the second quarter. The vast majority of the stock is owned by hedge funds and other institutional investors (99.23%).

Recently, the topic of LPX has been the focus of various research articles written by various authors. While keeping their price objective at $72.00, TD Securities changed their recommendation on Louisiana-Pacific from “buy” to “hold.” The findings of a study were published in a paper that was made available for public consumption on December 19. DA Davidson shifted their recommendation for purchasing shares of Louisiana-Pacific from “buy” to “neutral” in a report made public on Thursday. Again, the report was made available to the public. In addition, the price target they had established for the company was lowered from $69.00 to $63,000. Bank of America lowered its rating for Louisiana-Pacific from “neutral” to “underperform” in a report made public on September 20. In addition, Bank of America lowered its price target for the company from $64.00 to $56.00. Finally, on October 12, coverage of Louisiana-Pacific began on The website’s initial recommendation for the company was for its shareholders to maintain their “hold” position in the firm’s shares. The stock has been recommended to sell by one of the analysts, while the other five suggested that investors keep holding onto the shares. According to Bloomberg, the company has been given a recommendation of “Hold” across the board, and the average price at which its stock is expected to be targeted is $62.60.

NYSE LPX began trading at $63.86 on Friday. The moving average of the company’s stock price over the past 50 days is $61.38, and the moving average over the last 200 days is $57.96. The company’s PE ratio is currently at 4.10, and its beta level is at 1.62. The company’s market capitalization is currently $4.58 billion. The debt to equity ratio is currently at 0.25, the quick ratio to the current ratio is currently at 1.54, and the current ratio to the quick ratio is currently at 2.33. Louisiana-Pacific Co.’s lowest price in the past year is 48.20 dollars, while its all-time high is 78.97 dollars.

On November 1 of this year, Louisiana-Pacific (NYSE: LPX) released its most recent quarterly earnings report. The manufacturer of building materials announced that their earnings per share (EPS) for the quarter came in at $1.72, whi


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