Louisiana-Pacific (LPX) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Louisiana-Pacific (NYSE: LPX):

  • 5/8/2019 – Louisiana-Pacific had its price target lowered by analysts at TD Securities from $27.00 to $26.00. They now have a “hold” rating on the stock.
  • 5/6/2019 – Louisiana-Pacific was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Strong operational execution across the business, higher oriented strand board (“OSB”) pricing as well as ongoing development in its value-added products are likely to drive Louisiana-Pacific’s performance in the coming quarters. Moreover, strength in the housing markets is expected to drive demand for the company’s products. Also, the company improved and continued to lower the cost structure of facilities through Lean Six Sigma efforts as well as the sale or shutdown of underperforming mills and manufacturing facilities. However, rising materials costs remain concerns for the company. Also, product concentration in OSB segment poses threat to the company’s revenues. Shares of Louisiana-Pacific have declined year to date. Earnings estimates for 2019 have also moved south over the past 60 days, depicting analyst’s concern over the stock.”
  • 5/1/2019 – Louisiana-Pacific was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 4/30/2019 – Louisiana-Pacific was upgraded by analysts at Bank of America Corp from a “neutral” rating to a “buy” rating. They now have a $24.75 price target on the stock.
  • 4/5/2019 – Louisiana-Pacific was upgraded by analysts at Stephens from an “equal weight” rating to an “overweight” rating. They now have a $32.00 price target on the stock.
  • 4/4/2019 – Louisiana-Pacific was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of NYSE LPX traded up $0.23 during trading on Thursday, reaching $24.54. The company had a trading volume of 82,331 shares, compared to its average volume of 2,028,580. Louisiana-Pacific Co. has a twelve month low of $20.39 and a twelve month high of $32.16. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 3.24 and a beta of 1.37. The company has a quick ratio of 2.25, a current ratio of 3.55 and a debt-to-equity ratio of 0.28.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.03). The company had revenue of $582.00 million during the quarter, compared to analyst estimates of $601.49 million. Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The business’s revenue was down 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. As a group, analysts anticipate that Louisiana-Pacific Co. will post 1.5 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 3rd. Stockholders of record on Tuesday, May 21st will be given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date of this dividend is Monday, May 20th. Louisiana-Pacific’s dividend payout ratio is currently 19.71%.

In other news, Director Gary Cook sold 4,000 shares of Louisiana-Pacific stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $24.76, for a total value of $99,040.00. Following the completion of the sale, the director now owns 52,139 shares of the company’s stock, valued at $1,290,961.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the company. Burney Co. grew its position in Louisiana-Pacific by 184.2% during the fourth quarter. Burney Co. now owns 45,165 shares of the building manufacturing company’s stock valued at $1,004,000 after acquiring an additional 29,273 shares during the period. Kiwi Wealth Investments Limited Partnership grew its position in Louisiana-Pacific by 34.0% during the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 109,538 shares of the building manufacturing company’s stock valued at $2,434,000 after acquiring an additional 27,792 shares during the period. First Allied Advisory Services Inc. boosted its position in shares of Louisiana-Pacific by 14.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 26,027 shares of the building manufacturing company’s stock worth $570,000 after buying an additional 3,234 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Louisiana-Pacific in the first quarter worth about $213,000. Finally, Hsbc Holdings PLC boosted its position in shares of Louisiana-Pacific by 1.2% in the fourth quarter. Hsbc Holdings PLC now owns 188,434 shares of the building manufacturing company’s stock worth $4,187,000 after buying an additional 2,166 shares during the period. 89.44% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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