Louisiana-Pacific (NYSE:LPX) Stock Price Down 4.1% After Analyst Downgrade

Shares of Louisiana-Pacific Co. (NYSE:LPXGet Rating) were down 4.1% during mid-day trading on Thursday after The Goldman Sachs Group lowered their price target on the stock from $90.00 to $65.00. The Goldman Sachs Group currently has a neutral rating on the stock. Louisiana-Pacific traded as low as $50.76 and last traded at $51.26. Approximately 47,010 shares changed hands during trading, a decline of 97% from the average daily volume of 1,358,167 shares. The stock had previously closed at $53.47.

A number of other research firms have also recently issued reports on LPX. Bank of America cut shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $67.00 price target for the company. in a report on Thursday. StockNews.com initiated coverage on shares of Louisiana-Pacific in a report on Thursday, March 31st. They set a “hold” rating for the company. DA Davidson reaffirmed a “buy” rating on shares of Louisiana-Pacific in a research report on Wednesday, February 23rd. Finally, TD Securities cut their price objective on shares of Louisiana-Pacific from $85.00 to $75.00 in a research report on Thursday. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average price target of $72.25.

In related news, Director Lizanne C. Gottung sold 7,635 shares of the stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $75.02, for a total value of $572,777.70. Following the completion of the transaction, the director now owns 31,522 shares of the company’s stock, valued at $2,364,780.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.26% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Louisiana-Pacific by 22.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,069 shares of the building manufacturing company’s stock worth $1,259,000 after buying an additional 2,958 shares in the last quarter. Euclidean Technologies Management LLC acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth approximately $250,000. ARS Wealth Advisors Group LLC acquired a new stake in shares of Louisiana-Pacific during the fourth quarter worth approximately $274,000. Exchange Traded Concepts LLC increased its holdings in shares of Louisiana-Pacific by 51.5% during the fourth quarter. Exchange Traded Concepts LLC now owns 1,147 shares of the building manufacturing company’s stock worth $90,000 after buying an additional 390 shares in the last quarter. Finally, Raymond James & Associates increased its holdings in shares of Louisiana-Pacific by 41.6% during the fourth quarter. Raymond James & Associates now owns 46,100 shares of the building manufacturing company’s stock worth $3,612,000 after buying an additional 13,554 shares in the last quarter. 94.99% of the stock is owned by institutional investors.

The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 2.09. The company’s 50 day moving average price is $66.01 and its 200 day moving average price is $68.31. The firm has a market capitalization of $4.25 billion, a P/E ratio of 3.12 and a beta of 1.53.

Louisiana-Pacific (NYSE:LPXGet Rating) last released its quarterly earnings results on Tuesday, May 3rd. The building manufacturing company reported $5.08 EPS for the quarter, beating the consensus estimate of $4.54 by $0.54. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. The business had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.26 billion. During the same period in the prior year, the firm earned $3.01 earnings per share. Louisiana-Pacific’s revenue was up 31.5% compared to the same quarter last year. On average, research analysts anticipate that Louisiana-Pacific Co. will post 14.87 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Wednesday, May 11th. This represents a $0.88 annualized dividend and a dividend yield of 1.70%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 5.31%.

Louisiana-Pacific Company Profile (NYSE:LPX)

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

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