Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been given an average rating of “Hold” by the twelve analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $29.50.
A number of analysts recently commented on the company. Zacks Investment Research lowered Louisiana-Pacific Corporation from a “strong-buy” rating to a “hold” rating in a research report on Friday. Vertical Research raised Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Monday, November 6th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $37.00 target price on shares of Louisiana-Pacific Corporation in a research report on Monday, October 30th. Stephens assumed coverage on Louisiana-Pacific Corporation in a research report on Tuesday, October 24th. They issued an “equal weight” rating and a $30.00 target price for the company. Finally, Longbow Research reaffirmed a “neutral” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, October 10th.
Louisiana-Pacific Corporation (LPX) traded down $0.33 during midday trading on Monday, hitting $26.50. The company had a trading volume of 1,527,900 shares, compared to its average volume of 1,824,659. 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 has a 12 month low of $17.50 and a 12 month high of $29.44. The firm has a market cap of $3,839.15, a P/E ratio of 14.40, a price-to-earnings-growth ratio of 2.56 and a beta of 1.50.
Louisiana-Pacific Corporation (NYSE:LPX) last announced its earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.05). Louisiana-Pacific Corporation had a return on equity of 20.27% and a net margin of 11.72%. The company had revenue of $718.30 million for the quarter, compared to the consensus estimate of $731.47 million. During the same period in the prior year, the business earned $0.32 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. equities research analysts anticipate that Louisiana-Pacific Corporation will post 2.07 EPS for the current year.
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In other news, SVP Michael Sims sold 5,871 shares of the business’s stock in a transaction that occurred 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 transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Rebecca Anne Barckley sold 5,128 shares of the business’s stock in a transaction that occurred 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 transaction, the insider now owns 7,305 shares in the company, valued at approximately $197,235. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Advisors Preferred LLC boosted its stake in shares of Louisiana-Pacific Corporation by 2,723.0% in the 2nd 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 last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Louisiana-Pacific Corporation by 10.5% in the 2nd 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 last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Louisiana-Pacific Corporation by 1.0% in the 2nd 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 last quarter. US Bancorp DE boosted its stake in shares of Louisiana-Pacific Corporation by 6.9% in the 2nd 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 last quarter. Finally, Flinton Capital Management LLC boosted its stake in shares of Louisiana-Pacific Corporation by 76.1% in the 2nd 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 last quarter. Hedge funds and other institutional investors own 93.14% of the company’s stock.
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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