Louisiana-Pacific (NYSE:LPX) Stock Gets Price Target Trim from Barclays

Louisiana-Pacific (NYSE:LPX) had its price target lowered by Barclays from $88.00 to $86.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has an overweight rating on the building manufacturing company’s stock.

Other equities research analysts also recently issued research reports about the company. Oppenheimer decreased their price objective on Louisiana-Pacific from $107.00 to $104.00 and set an “outperform” rating for the company in a report on Monday, October 26th. Wolfe Research started coverage on Louisiana-Pacific in a report on Thursday, September 10th. They issued an “outperform” rating and a $90.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a research report on Monday, October 12th. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Finally, Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Monday, October 5th. Eleven analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $88.27.

Louisiana-Pacific Stock Down 1.9%

Louisiana-Pacific stock traded down $1.44 during midday trading on Wednesday, reaching $75.53. The stock had a trading volume of 1,228,196 shares, compared to its average volume of 1,264,805. Louisiana-Pacific has a 12 month low of $62.18 and a 12 month high of $100.34. The company has a market capitalization of $5.28 billion, a P/E ratio of 77.07, a PEG ratio of 5.88 and a beta of 1.67. The company has a fifty day moving average price of $68.88 and a two-hundred day moving average price of $75.01. 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 posted its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. The business had revenue of $691.00 million for the quarter, compared to the consensus estimate of $671.27 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.36 EPS. As a group, equities analysts expect that Louisiana-Pacific will post 1.15 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 20th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio is presently 122.45%.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently made changes to their positions in LPX. Western Wealth Management LLC purchased a new position in Louisiana-Pacific during the first quarter worth about $25,000. Parallel Advisors LLC increased its stake in Louisiana-Pacific by 204.0% in the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after buying an additional 255 shares during the last quarter. Root Financial Partners LLC lifted its position in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares in the last quarter. Whittier Trust Co. lifted its position in shares of Louisiana-Pacific by 138.1% during the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 290 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in shares of Louisiana-Pacific by 1,505.4% during the 1st quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company’s stock worth $43,000 after buying an additional 557 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About Louisiana-Pacific

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.