Louisiana-Pacific Corp. (LPX) Stock Rating Lowered by TheStreet
Louisiana-Pacific Corp. (NYSE:LPX) was downgraded by equities research analysts at TheStreet from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
A number of other equities analysts have also recently issued reports on the company. Zacks Investment Research upgraded Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Wednesday, June 1st. Dundee Securities upgraded Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a report on Thursday, July 21st. Finally, BMO Capital Markets cut Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 target price for the company. in a report on Monday, August 8th. They noted that the move was a valuation call. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $19.25.
Louisiana-Pacific Corp. (NYSE:LPX) opened at 18.83 on Thursday. The stock’s 50 day moving average price is $19.24 and its 200 day moving average price is $18.28. Louisiana-Pacific Corp. has a one year low of $13.31 and a one year high of $20.97. The company has a market capitalization of $2.68 billion, a P/E ratio of 342.36 and a beta of 1.54.
Louisiana-Pacific Corp. (NYSE:LPX) last announced its earnings results on Thursday, August 4th. The company reported $0.28 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The firm earned $582 million during the quarter, compared to analysts’ expectations of $578.30 million. Louisiana-Pacific Corp. had a return on equity of 3.29% and a net margin of 0.39%. The company’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.08) EPS. Equities analysts anticipate that Louisiana-Pacific Corp. will post $0.84 EPS for the current fiscal year.
In other news, SVP Neil Sherman sold 13,397 shares of the business’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $20.00, for a total value of $267,940.00. Following the completion of the transaction, the senior vice president now directly owns 45,025 shares of the company’s stock, valued at approximately $900,500. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.76% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Investment Management Company LLC raised its position in Louisiana-Pacific Corp. by 0.5% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 24,817 shares of the company’s stock valued at $431,000 after buying an additional 117 shares during the last quarter. Mason Street Advisors LLC bought a new position in Louisiana-Pacific Corp. during the second quarter valued at approximately $1,137,000. Wolverine Asset Management LLC bought a new position in Louisiana-Pacific Corp. during the second quarter valued at approximately $1,474,000. Royal Bank of Canada raised its position in Louisiana-Pacific Corp. by 25.5% in the second quarter. Royal Bank of Canada now owns 368,457 shares of the company’s stock valued at $6,393,000 after buying an additional 74,982 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its position in Louisiana-Pacific Corp. by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,878 shares of the company’s stock valued at $102,000 after buying an additional 433 shares during the last quarter.
Louisiana-Pacific Corp. 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: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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