LPX has been the subject of a number of other research reports. TheStreet cut Louisiana-Pacific Corp. from a buy rating to a hold rating in a report on Thursday, September 29th. BMO Capital Markets cut Louisiana-Pacific Corp. from an outperform rating to a market perform rating and set a $20.00 target price for the company. in a report on Monday, August 8th. They noted that the move was a valuation call. Dundee Securities raised Louisiana-Pacific Corp. from a neutral rating to a buy rating in a report on Thursday, July 21st. Finally, Vertical Research raised Louisiana-Pacific Corp. from a hold rating to a buy rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and a consensus target price of $19.25.
Shares of Louisiana-Pacific Corp. (NYSE:LPX) traded down 0.21% during mid-day trading on Friday, reaching $18.97. The company’s stock had a trading volume of 408,018 shares. The company has a 50-day moving average price of $19.17 and a 200 day moving average price of $18.48. Louisiana-Pacific Corp. has a 52-week low of $13.31 and a 52-week high of $20.97. The company has a market cap of $2.70 billion, a PE ratio of 344.91 and a beta of 1.37.
Louisiana-Pacific Corp. (NYSE:LPX) last announced its earnings results on Thursday, August 4th. The company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $578.30 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. Equities analysts expect that Louisiana-Pacific Corp. will post $0.87 earnings per share for the current year.
In related news, SVP Neil Sherman sold 13,397 shares of the stock in a transaction that occurred 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.76% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of 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 valued at $102,000 after buying an additional 433 shares during the last quarter. Pacad Investment Ltd. acquired a new position in shares of Louisiana-Pacific Corp. during the second quarter valued at $116,000. Creative Planning raised its position 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 valued at $118,000 after buying an additional 2,522 shares during the last quarter. LS Investment Advisors LLC raised its position 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 valued at $150,000 after buying an additional 3,724 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in shares of Louisiana-Pacific Corp. during the second quarter valued at $182,000.
About Louisiana-Pacific Corp.
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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