Louisiana-Pacific Corp. (LPX) Upgraded to “Buy” at Vertical Group
A number of other research analysts have also weighed in on LPX. TheStreet raised Louisiana-Pacific Corp. from a hold rating to a buy rating in a report on Monday, August 8th. Vertical Research raised Louisiana-Pacific Corp. from a hold rating to a buy rating in a report on Friday. BMO Capital Markets lowered 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. Finally, Dundee Securities raised Louisiana-Pacific Corp. from a neutral rating to a buy rating in a report on Thursday, July 21st. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Louisiana-Pacific Corp. has a consensus rating of Buy and a consensus price target of $19.25.
Shares of Louisiana-Pacific Corp. (NYSE:LPX) traded down 0.21% on Friday, reaching $18.97. 408,018 shares of the company were exchanged. Louisiana-Pacific Corp. has a 12-month low of $13.31 and a 12-month high of $20.97. The firm has a market capitalization of $2.70 billion, a PE ratio of 344.91 and a beta of 1.37. The stock’s 50-day moving average is $19.17 and its 200 day moving average is $18.48.
Louisiana-Pacific Corp. (NYSE:LPX) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.03. Louisiana-Pacific Corp. had a return on equity of 3.29% and a net margin of 0.39%. The business had revenue of $582 million for the quarter, compared to analysts’ expectations of $578.30 million. During the same period in the previous year, the business posted ($0.08) EPS. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, analysts forecast that Louisiana-Pacific Corp. will post $0.87 EPS for the current year.
In other Louisiana-Pacific Corp. news, SVP Neil Sherman sold 13,397 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now owns 45,025 shares in the company, valued at $900,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.76% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in LPX. 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. bought a new stake in shares of Louisiana-Pacific Corp. during the second quarter valued at $116,000. Creative Planning increased its stake in shares of 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 last quarter. LS Investment Advisors LLC increased its stake in shares of 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 last quarter. Finally, Stevens Capital Management LP bought a new stake in shares of Louisiana-Pacific Corp. during the second quarter valued at $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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