Louisiana-Pacific (NYSE:LPX) Hits New 52-Week Low – Here’s Why

Louisiana-Pacific Corporation (NYSE:LPX)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $75.61 and last traded at $75.4350, with a volume of 466799 shares. The stock had previously closed at $77.87.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on LPX shares. TD Securities cut their price target on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada dropped their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. DA Davidson restated a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Finally, Wall Street Zen downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Sunday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and an average price target of $106.33.

Louisiana-Pacific Price Performance

The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 17.78 and a beta of 1.80. The stock’s fifty day moving average price is $88.23 and its 200-day moving average price is $90.43.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. Louisiana-Pacific’s revenue for the quarter was down 8.2% compared to the same quarter last year. During the same period last year, the firm earned $1.22 earnings per share. Equities research analysts predict that Louisiana-Pacific Corporation will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 21st. Stockholders of record on Friday, November 14th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio is 36.25%.

Insider Activity at Louisiana-Pacific

In related news, Director Stephen E. Macadam acquired 3,200 shares of the stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $78.06 per share, with a total value of $249,792.00. Following the completion of the transaction, the director owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Chung Wu Investment Group LLC acquired a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $26,000. North Ridge Wealth Advisors Inc. acquired a new position in Louisiana-Pacific during the second quarter valued at approximately $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Louisiana-Pacific during the second quarter valued at approximately $34,000. RMG Wealth Management LLC bought a new position in shares of Louisiana-Pacific in the second quarter valued at approximately $44,000. Finally, Versant Capital Management Inc lifted its stake in shares of Louisiana-Pacific by 34.3% in the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after buying an additional 127 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.