Louisiana-Pacific Corp. (LPX) Upgraded to Buy by Vertical Research
Several other brokerages have also weighed in on LPX. TheStreet raised shares of Louisiana-Pacific Corp. from a hold rating to a buy rating in a research report on Monday, August 8th. Dundee Securities raised shares of Louisiana-Pacific Corp. from a neutral rating to a buy rating in a research report on Thursday, July 21st. Finally, BMO Capital Markets lowered shares of Louisiana-Pacific Corp. from an outperform rating to a market perform rating and set a $20.00 price objective on the stock. in a research report on Monday, August 8th. They noted that the move was a valuation call. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock presently 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% during trading on Friday, reaching $18.97. 408,018 shares of the company traded hands. The stock has a market capitalization of $2.70 billion, a PE ratio of 344.91 and a beta of 1.37. Louisiana-Pacific Corp. has a 12 month low of $13.31 and a 12 month high of $20.97. The company has a 50-day moving average of $19.17 and a 200-day moving average of $18.48.
Louisiana-Pacific Corp. (NYSE:LPX) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The company had revenue of $582 million for the quarter, compared to analyst estimates of $578.30 million. Louisiana-Pacific Corp. had a net margin of 0.39% and a return on equity of 3.29%. The company’s revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.08) earnings per share. Analysts forecast that Louisiana-Pacific Corp. will post $0.87 earnings per share for the current fiscal year.
In other Louisiana-Pacific Corp. news, SVP Neil Sherman sold 13,397 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $20.00, for a total transaction of $267,940.00. Following the sale, the senior vice president now directly 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 available at this link. 1.76% of the stock is currently owned by corporate insiders.
Large investors have recently made changes to their positions in 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 worth $102,000 after buying an additional 433 shares during the last quarter. Pacad Investment Ltd. purchased a new stake in shares of Louisiana-Pacific Corp. during the second quarter worth about $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 worth $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 worth $150,000 after buying an additional 3,724 shares during the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of Louisiana-Pacific Corp. during the second quarter worth about $182,000.
About Louisiana-Pacific Corp.
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.
Receive News & Stock Ratings for Louisiana-Pacific Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific Corp. and related stocks with our FREE daily email newsletter.