Louisiana-Pacific Corporation (LPX) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Louisiana-Pacific Corporation (NYSE:LPX) from a strong-buy rating to a hold rating in a research note released on Friday.

According to Zacks, “Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana-Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding. “

Several other equities research analysts have also weighed in on the company. Vertical Research raised Louisiana-Pacific Corporation from a hold rating to a buy rating in a research note on Monday, November 6th. Royal Bank Of Canada reissued a buy rating and set a $37.00 price objective on shares of Louisiana-Pacific Corporation in a research note on Monday, October 30th. Stephens assumed coverage on Louisiana-Pacific Corporation in a research note on Tuesday, October 24th. They set an equal weight rating and a $30.00 price objective for the company. Longbow Research reissued a neutral rating on shares of Louisiana-Pacific Corporation in a research note on Tuesday, October 10th. Finally, BMO Capital Markets lowered Louisiana-Pacific Corporation from a market perform rating to an underperform rating and raised their price objective for the stock from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Louisiana-Pacific Corporation presently has an average rating of Hold and an average target price of $29.67.

Louisiana-Pacific Corporation (NYSE:LPX) opened at $26.50 on Friday. Louisiana-Pacific Corporation has a 1 year low of $17.50 and a 1 year high of $29.44. The stock has a market capitalization of $3,839.15, a price-to-earnings ratio of 14.40, a PEG ratio of 2.56 and a beta of 1.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.31 and a current ratio of 5.25.

Louisiana-Pacific Corporation (NYSE:LPX) last released its quarterly earnings data on Monday, November 6th. The construction company reported $0.70 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.05). The company had revenue of $718.30 million for the quarter, compared to the consensus estimate of $731.47 million. Louisiana-Pacific Corporation had a return on equity of 20.27% and a net margin of 11.72%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. sell-side analysts predict that Louisiana-Pacific Corporation will post 2.07 earnings per share for the current year.

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In other news, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total value of $138,456.00. Following the completion of the sale, the insider now owns 7,305 shares of the company’s stock, valued at $197,235. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total value of $158,869.26. Following the completion of the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The disclosure for this sale can be found here. Company insiders own 1.48% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Advisors Preferred LLC boosted its position in shares of Louisiana-Pacific Corporation by 2,723.0% in the second quarter. Advisors Preferred LLC now owns 4,291 shares of the construction company’s stock worth $103,000 after buying an additional 4,139 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Louisiana-Pacific Corporation by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock worth $137,000 after buying an additional 539 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Louisiana-Pacific Corporation by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares during the period. US Bancorp DE boosted its position in shares of Louisiana-Pacific Corporation by 6.9% in the second quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock worth $149,000 after buying an additional 400 shares during the period. Finally, Flinton Capital Management LLC boosted its position in shares of Louisiana-Pacific Corporation by 76.1% in the second quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock worth $176,000 after buying an additional 3,152 shares during the period. 93.14% of the stock is owned by institutional investors and hedge funds.

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

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