Louisiana-Pacific (NYSE:LPX) Shares Gap Up to $58.90

Louisiana-Pacific Co. (NYSE:LPXGet Rating)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $58.90, but opened at $64.30. Louisiana-Pacific shares last traded at $64.62, with a volume of 26,541 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LPX. StockNews.com began coverage on shares of Louisiana-Pacific in a report on Wednesday, October 12th. They set a “hold” rating on the stock. TD Securities lowered their price target on shares of Louisiana-Pacific from $70.00 to $69.00 and set a “buy” rating on the stock in a report on Wednesday, November 2nd. Bank of America downgraded shares of Louisiana-Pacific from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $64.00 to $56.00 in a report on Tuesday, September 20th. Finally, DA Davidson boosted their target price on shares of Louisiana-Pacific to $70.00 in a report on Monday, August 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $66.50.

Louisiana-Pacific Price Performance

The firm’s fifty day moving average price is $54.60 and its 200 day moving average price is $59.05. The company has a quick ratio of 1.54, a current ratio of 2.33 and a debt-to-equity ratio of 0.25. The stock has a market cap of $4.46 billion, a PE ratio of 3.99 and a beta of 1.61.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Investors of record on Wednesday, November 9th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 1.42%. The ex-dividend date is Tuesday, November 8th. Louisiana-Pacific’s dividend payout ratio is presently 5.65%.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently bought and sold shares of the business. First Trust Advisors LP increased its position in Louisiana-Pacific by 2.9% in the third quarter. First Trust Advisors LP now owns 3,614,296 shares of the building manufacturing company’s stock worth $185,015,000 after purchasing an additional 102,847 shares during the last quarter. FMR LLC increased its position in Louisiana-Pacific by 3.7% in the second quarter. FMR LLC now owns 2,658,071 shares of the building manufacturing company’s stock worth $139,310,000 after purchasing an additional 95,006 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Louisiana-Pacific by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 2,446,527 shares of the building manufacturing company’s stock worth $125,238,000 after purchasing an additional 35,525 shares during the last quarter. State Street Corp increased its position in Louisiana-Pacific by 2.1% during the first quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company’s stock valued at $151,692,000 after acquiring an additional 50,575 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in Louisiana-Pacific by 17.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,346,563 shares of the building manufacturing company’s stock valued at $145,768,000 after acquiring an additional 355,141 shares during the last quarter. Institutional investors own 91.07% of the company’s stock.

About Louisiana-Pacific

(Get Rating)

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.

Featured Articles

Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.