Louisiana-Pacific Co. (LPX) Receives Consensus Recommendation of “Hold” from Brokerages
Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned an average rating of “Hold” from the eleven analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $29.50.
A number of equities analysts have weighed in on LPX shares. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price objective on shares of Louisiana-Pacific in a research note on Monday, September 25th. Vertical Research upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Stephens started coverage on Louisiana-Pacific in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price objective for the company. Zacks Investment Research lowered Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Longbow Research reiterated a “neutral” rating on shares of Louisiana-Pacific in a research note on Tuesday, October 10th.
In related news, insider Rebecca Anne Barckley sold 5,128 shares of Louisiana-Pacific stock in a transaction dated 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 sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Michael Sims sold 5,871 shares of Louisiana-Pacific stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total value of $158,869.26. Following the completion of the transaction, the senior vice president now 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. 1.48% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in Louisiana-Pacific by 72.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 594,495 shares of the construction company’s stock worth $14,334,000 after buying an additional 250,213 shares during the last quarter. Federated Investors Inc. PA boosted its holdings in Louisiana-Pacific by 16.9% in the 2nd quarter. Federated Investors Inc. PA now owns 154,320 shares of the construction company’s stock worth $3,721,000 after buying an additional 22,326 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Louisiana-Pacific by 32.2% in the 2nd quarter. SG Americas Securities LLC now owns 73,316 shares of the construction company’s stock worth $1,768,000 after buying an additional 17,859 shares during the last quarter. IndexIQ Advisors LLC boosted its holdings in Louisiana-Pacific by 42.6% in the 2nd quarter. IndexIQ Advisors LLC now owns 76,835 shares of the construction company’s stock worth $1,852,000 after buying an additional 22,940 shares during the last quarter. Finally, NJ State Employees Deferred Compensation Plan acquired a new stake in Louisiana-Pacific in the 3rd quarter worth about $271,000. Hedge funds and other institutional investors own 93.14% of the company’s stock.
Louisiana-Pacific (LPX) traded up $0.20 during midday trading on Friday, hitting $27.07. The company’s stock had a trading volume of 1,039,300 shares, compared to its average volume of 1,810,919. The stock has a market cap of $3,821.76, a price-to-earnings ratio of 14.34, a P/E/G ratio of 2.53 and a beta of 1.51. Louisiana-Pacific has a twelve month low of $18.69 and a twelve month high of $29.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 5.25 and a quick ratio of 4.31.
Louisiana-Pacific (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 Zacks’ consensus estimate of $0.75 by ($0.05). The company had revenue of $718.30 million for the quarter, compared to analysts’ expectations of $731.47 million. Louisiana-Pacific had a net margin of 11.72% and a return on equity of 20.27%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.32 EPS. sell-side analysts expect that Louisiana-Pacific will post 2.08 earnings per share for the current year.
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Louisiana-Pacific 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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