BidaskClub lowered shares of Louisiana-Pacific Corporation (NYSE:LPX) from a buy rating to a hold rating in a research note issued to investors on Thursday.

Several other research analysts have also recently commented on LPX. BMO Capital Markets reiterated a hold rating and set a $22.00 price target on shares of Louisiana-Pacific Corporation in a report on Thursday. Zacks Investment Research downgraded shares of Louisiana-Pacific Corporation from a strong-buy rating to a hold rating in a research report on Friday, July 21st. Royal Bank Of Canada restated a buy rating and set a $32.00 price objective on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 23rd. TD Securities restated a hold rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 9th. Finally, Buckingham Research downgraded shares of Louisiana-Pacific Corporation from a buy rating to a neutral rating and set a $27.00 price objective for the company. in a research report on Wednesday, April 12th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. Louisiana-Pacific Corporation has a consensus rating of Hold and a consensus price target of $27.00.

Louisiana-Pacific Corporation (NYSE:LPX) traded up 0.156% during midday trading on Thursday, reaching $25.089. 1,965,093 shares of the company were exchanged. Louisiana-Pacific Corporation has a 52 week low of $17.08 and a 52 week high of $26.93. The firm has a 50-day moving average price of $24.64 and a 200-day moving average price of $23.61. The company has a market capitalization of $3.63 billion, a PE ratio of 18.765 and a beta of 1.33.

Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings data on Friday, May 5th. The construction company reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. The firm had revenue of $611 million during the quarter, compared to analysts’ expectations of $607.21 million. Louisiana-Pacific Corporation had a net margin of 8.31% and a return on equity of 14.34%. The business’s quarterly revenue was up 21.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share. Equities research analysts anticipate that Louisiana-Pacific Corporation will post $1.70 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in LPX. BlackRock Inc. increased its position in shares of Louisiana-Pacific Corporation by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock worth $409,068,000 after buying an additional 16,415,153 shares during the last quarter. Iridian Asset Management LLC CT purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $70,106,000. Vanguard Group Inc. increased its position in shares of Louisiana-Pacific Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock worth $327,572,000 after buying an additional 1,835,706 shares during the last quarter. MARSHALL WACE ASIA Ltd purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $28,202,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Louisiana-Pacific Corporation during the first quarter worth approximately $28,202,000. Institutional investors own 94.31% of the company’s stock.

About Louisiana-Pacific Corporation

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.

Analyst Recommendations for Louisiana-Pacific Corporation (NYSE:LPX)

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