Louisiana-Pacific (NYSE:LPX) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Louisiana-Pacific (NYSE:LPX) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group lowered their price target on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a report on Monday, October 12th. DA Davidson restated a “buy” rating and set a $99.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. Barclays decreased their price objective on shares of Louisiana-Pacific from $88.00 to $86.00 and set an “overweight” rating for the company in a research report on Wednesday. TD lifted their target price on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Bank of America lowered their target price on shares of Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Eleven research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $88.27.

Louisiana-Pacific Trading Down 1.9%

Shares of NYSE LPX opened at $75.53 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.75 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $68.88 and a two-hundred day simple moving average of $75.01. The firm has a market cap of $5.28 billion, a PE ratio of 77.07, a price-to-earnings-growth ratio of 6.34 and a beta of 1.67. Louisiana-Pacific has a twelve month low of $62.18 and a twelve month high of $100.34.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.18. Louisiana-Pacific had a net margin of 2.72% and a return on equity of 4.84%. The firm had revenue of $691.00 million for the quarter, compared to the consensus estimate of $671.27 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post 1.15 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Shareholders of record on Friday, November 20th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Friday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 122.45%.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in Louisiana-Pacific during the second quarter valued at about $506,638,000. Berkshire Hathaway Inc acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at about $445,593,000. Bank of New York Mellon Corp bought a new position in shares of Louisiana-Pacific in the second quarter worth about $43,845,000. Maple Rock Capital Partners Inc. increased its stake in shares of Louisiana-Pacific by 36.8% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock worth $119,709,000 after purchasing an additional 409,300 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Louisiana-Pacific by 615.1% during the 2nd quarter. Van ECK Associates Corp now owns 464,995 shares of the building manufacturing company’s stock worth $36,577,000 after purchasing an additional 399,969 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.