Traders bought shares of Louisiana-Pacific Co. (NYSE:LPX) on weakness during trading hours on Wednesday. $18.92 million flowed into the stock on the tick-up and $12.57 million flowed out of the stock on the tick-down, for a money net flow of $6.35 million into the stock. Of all companies tracked, Louisiana-Pacific had the 29th highest net in-flow for the day. Louisiana-Pacific traded down ($0.38) for the day and closed at $30.07

LPX has been the subject of several analyst reports. Zacks Investment Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Tuesday, January 9th. Vertical Research raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Monday, November 6th. Royal Bank of Canada reaffirmed a “buy” rating and set a $37.00 price objective on shares of Louisiana-Pacific in a research note on Monday, October 30th. Stephens initiated coverage on Louisiana-Pacific in a research note on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price objective for the company. Finally, Bank of America raised Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.71.

The company has a market capitalization of $4,120.20, a P/E ratio of 14.53, a PEG ratio of 2.74 and a beta of 1.62. The company has a quick ratio of 4.31, a current ratio of 5.25 and a debt-to-equity ratio of 0.24.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, February 13th. The construction company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. The business had revenue of $710.60 million during the quarter, compared to the consensus estimate of $654.26 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The company’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 EPS. equities research analysts predict that Louisiana-Pacific Co. will post 2.21 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Monday, February 26th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date is Friday, February 23rd.

Several hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its stake in shares of Louisiana-Pacific by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock worth $140,000 after buying an additional 56 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Louisiana-Pacific by 0.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 55,612 shares of the construction company’s stock worth $1,341,000 after buying an additional 317 shares in the last quarter. WFG Advisors LP raised its stake in shares of Louisiana-Pacific by 12.0% during the 2nd quarter. WFG Advisors LP now owns 13,950 shares of the construction company’s stock worth $336,000 after buying an additional 1,500 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Louisiana-Pacific by 1.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 124,652 shares of the construction company’s stock worth $3,376,000 after buying an additional 1,871 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky increased its stake in Louisiana-Pacific by 2.5% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 81,193 shares of the construction company’s stock valued at $2,132,000 after purchasing an additional 1,952 shares in the last quarter. 92.31% of the stock is owned by institutional investors and hedge funds.

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About Louisiana-Pacific

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, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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