Charles Schwab Investment Management Inc. recently increased its holdings in Louisiana-Pacific Co. (LPX) by 7.7% during the second quarter. The company now owns 2,196,033 shares of the building materials manufacturer’s stock, valued at around $98,993.
LPX has been experiencing strong growth, with its stock price rising by over 50% in the past year. This increase in shares held by Charles Schwab Investment Management Inc. demonstrates confidence in the company’s future prospects.
Louisiana-Pacific Co. is a leading manufacturer of building materials, including lumber, siding, and engineered wood products. The company’s products are used in construction projects across the country, making it a key player in the industry.
Investors are optimistic about LPX’s future performance, as evidenced by the recent increase in shares held by Charles Schwab Investment Management Inc. This vote of confidence from a major investment firm bodes well for Louisiana-Pacific’s continued success in the market.
Overall, Louisiana-Pacific Co. is in a strong position for continued growth and success in the building materials industry.
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