Louisiana-Pacific Co. (LPX) Downgraded to “Neutral” at DA Davidson

Louisiana-Pacific Co. (NYSE:LPX) was downgraded by equities research analysts at DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, May 8th.

Other research analysts also recently issued research reports about the stock. Buckingham Research downgraded shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $27.00 price target on the stock. in a report on Wednesday, April 12th. They noted that the move was a valuation call. Vertical Research downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Royal Bank of Canada restated a “buy” rating and set a $26.00 price target on shares of Louisiana-Pacific in a report on Tuesday, April 18th. Finally, Zacks Investment Research downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.20.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Friday, May 5th. The construction company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The business had revenue of $611 million for the quarter, compared to the consensus estimate of $607.21 million. Louisiana-Pacific had a net margin of 6.71% and a return on equity of 11.56%. Louisiana-Pacific’s revenue for the quarter was up 21.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 EPS.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Chicago Equity Partners LLC increased its position in shares of Louisiana-Pacific by 49.2% in the third quarter. Chicago Equity Partners LLC now owns 177,900 shares of the construction company’s stock valued at $3,350,000 after buying an additional 58,685 shares during the period. Quantbot Technologies LP purchased a new position in shares of Louisiana-Pacific during the third quarter valued at approximately $713,000. US Bancorp DE increased its position in shares of Louisiana-Pacific by 57.2% in the third quarter. US Bancorp DE now owns 5,769 shares of the construction company’s stock valued at $109,000 after buying an additional 2,100 shares during the period. Prudential Financial Inc. increased its position in shares of Louisiana-Pacific by 2.9% in the third quarter. Prudential Financial Inc. now owns 94,040 shares of the construction company’s stock valued at $1,771,000 after buying an additional 2,630 shares during the period. Finally, BlackRock Inc. increased its position in shares of Louisiana-Pacific by 5.7% in the third quarter. BlackRock Inc. now owns 65,784 shares of the construction company’s stock valued at $1,239,000 after buying an additional 3,551 shares during the period. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About Louisiana-Pacific

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, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

12 Month Chart for NYSE:LPX

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