Louisiana-Pacific Corp. (NYSE:LPX) was downgraded by investment analysts at TheStreet from a “buy” rating to a “hold” rating in a report issued on Thursday.
Other research analysts have also issued reports about the company. Dundee Securities upgraded Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st. BMO Capital Markets lowered Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price target for the company. in a research report on Monday, August 8th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Wednesday, June 1st. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Louisiana-Pacific Corp. presently has an average rating of “Buy” and an average target price of $19.25.
Louisiana-Pacific Corp. (NYSE:LPX) opened at 18.83 on Thursday. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 342.36 and a beta of 1.54. Louisiana-Pacific Corp. has a 12 month low of $13.31 and a 12 month high of $20.97. The company’s 50-day moving average price is $19.24 and its 200 day moving average price is $18.28.
Louisiana-Pacific Corp. (NYSE:LPX) last released its quarterly earnings results on Thursday, August 4th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.25 by $0.03. Louisiana-Pacific Corp. had a return on equity of 3.29% and a net margin of 0.39%. The business earned $582 million during the quarter, compared to analyst estimates of $578.30 million. During the same period last year, the business posted ($0.08) earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. Analysts predict that Louisiana-Pacific Corp. will post $0.84 EPS for the current year.
In related news, SVP Neil Sherman sold 13,397 shares of Louisiana-Pacific Corp. stock in a transaction on Monday, August 8th. The stock was sold at an average price of $20.00, for a total value of $267,940.00. Following the completion of the transaction, the senior vice president now directly owns 45,025 shares in the company, valued at $900,500. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.76% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio raised its position in Louisiana-Pacific Corp. by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,878 shares of the company’s stock worth $102,000 after buying an additional 433 shares during the period. Pacad Investment Ltd. acquired a new stake in shares of Louisiana-Pacific Corp. during the second quarter worth about $116,000. Creative Planning increased its stake in shares of Louisiana-Pacific Corp. by 58.8% in the second quarter. Creative Planning now owns 6,814 shares of the company’s stock worth $118,000 after buying an additional 2,522 shares during the period. LS Investment Advisors LLC increased its stake in shares of Louisiana-Pacific Corp. by 75.6% in the second quarter. LS Investment Advisors LLC now owns 8,648 shares of the company’s stock worth $150,000 after buying an additional 3,724 shares during the period. Finally, Stevens Capital Management LP acquired a new stake in shares of Louisiana-Pacific Corp. during the second quarter worth about $182,000.
Louisiana-Pacific Corp. Company Profile
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in 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.
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