Louisiana-Pacific Corp. (LPX) Upgraded to Buy by Vertical Research
Louisiana-Pacific Corp. (NYSE:LPX) was upgraded by stock analysts at Vertical Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
LPX has been the subject of a number of other research reports. TheStreet downgraded Louisiana-Pacific Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, September 29th. BMO Capital Markets downgraded Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price objective for the company. in a research report on Monday, August 8th. They noted that the move was a valuation call. Finally, Dundee Securities raised Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Louisiana-Pacific Corp. has a consensus rating of “Buy” and an average price target of $19.25.
Louisiana-Pacific Corp. (NYSE:LPX) opened at 18.47 on Friday. The company’s 50-day moving average price is $19.17 and its 200 day moving average price is $18.45. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of 335.82 and a beta of 1.36. Louisiana-Pacific Corp. has a 1-year low of $13.31 and a 1-year high of $20.97.
Louisiana-Pacific Corp. (NYSE:LPX) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the 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%. Louisiana-Pacific Corp.’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.08) earnings per share. On average, equities analysts expect that Louisiana-Pacific Corp. will post $0.87 earnings per share for the current fiscal year.
In other news, SVP Neil Sherman sold 13,397 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now owns 45,025 shares of the company’s stock, valued at $900,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.76% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in shares of 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. Pacad Investment Ltd. acquired a new position in Louisiana-Pacific Corp. during the second quarter valued at approximately $116,000. Creative Planning boosted its position in Louisiana-Pacific Corp. by 58.8% in the second quarter. Creative Planning now owns 6,814 shares of the company’s stock valued at $118,000 after buying an additional 2,522 shares during the period. LS Investment Advisors LLC boosted its position in Louisiana-Pacific Corp. by 75.6% in the second quarter. LS Investment Advisors LLC now owns 8,648 shares of the company’s stock valued at $150,000 after buying an additional 3,724 shares during the period. Finally, Stevens Capital Management LP acquired a new position in Louisiana-Pacific Corp. during the second quarter valued at approximately $182,000.
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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