Jefferies Financial Group Initiates Coverage on Louisiana-Pacific (NYSE:LPX)

Analysts at Jefferies Financial Group started coverage on shares of Louisiana-Pacific (NYSE:LPX) in a report released on Tuesday. The brokerage set a “buy” rating and a $93.00 price target on the building manufacturing company’s stock. Jefferies Financial Group’s target price points to a potential upside of 22.72% from the stock’s previous close.

Other research analysts have also issued research reports about the company. DA Davidson reiterated a “buy” rating and issued a $114.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. Oppenheimer dropped their target price on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a report on Thursday, May 7th. BMO Capital Markets raised Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price on the stock in a research report on Thursday, May 7th. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Finally, Truist Financial restated a “buy” rating and set a $93.00 price target (down from $95.00) on shares of Louisiana-Pacific in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $96.78.

Louisiana-Pacific Trading Down 2.3%

LPX stock opened at $75.78 on Tuesday. The firm has a fifty day moving average price of $73.51 and a 200 day moving average price of $79.91. Louisiana-Pacific has a fifty-two week low of $66.12 and a fifty-two week high of $102.86. The firm has a market cap of $5.29 billion, a PE ratio of 64.23, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The company had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. During the same quarter in the prior year, the firm earned $1.27 earnings per share. Louisiana-Pacific’s revenue was down 20.7% on a year-over-year basis. Sell-side analysts anticipate that Louisiana-Pacific will post 2 earnings per share for the current fiscal year.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new stake in shares of Louisiana-Pacific during the first quarter valued at $25,000. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the second quarter worth approximately $26,000. Parallel Advisors LLC raised its stake in shares of Louisiana-Pacific by 204.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after acquiring an additional 255 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Louisiana-Pacific during the fourth quarter valued at approximately $29,000. Finally, Root Financial Partners LLC boosted its holdings in shares of Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after purchasing an additional 277 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.