Louisiana-Pacific (NYSE:LPX) Sets New 12-Month Low – Time to Sell?

Louisiana-Pacific Corporation (NYSE:LPX) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $66.09 and last traded at $66.3940, with a volume of 619407 shares traded. The stock had previously closed at $68.17.

Analyst Ratings Changes

A number of brokerages recently issued reports on LPX. The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the company a “sell” rating in a research note on Thursday, August 6th. Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Truist Financial decreased their price target on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. DA Davidson reissued a “buy” rating and set a $99.00 price target on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. Finally, Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Eleven investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $94.00.

Louisiana-Pacific Stock Performance

The stock’s 50-day moving average is $73.58 and its 200-day moving average is $74.64. The firm has a market capitalization of $4.65 billion, a price-to-earnings ratio of 84.20, a PEG ratio of 9.65 and a beta of 1.59. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The company had revenue of $664.00 million during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s quarterly revenue was down 12.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. On average, analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Louisiana-Pacific’s dividend payout ratio (DPR) is 151.90%.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of LPX. Western Wealth Management LLC bought a new position in Louisiana-Pacific in the first quarter valued at about $25,000. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific during the second quarter worth about $26,000. Parallel Advisors LLC grew its holdings in shares of Louisiana-Pacific by 204.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after purchasing an additional 255 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Louisiana-Pacific in the fourth quarter valued at approximately $29,000. Finally, Root Financial Partners LLC raised its holdings in Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after buying an additional 277 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.