Louisiana-Pacific (NYSE:LPX) Now Covered by Analysts at Vertical Research

Vertical Research started coverage on shares of Louisiana-Pacific (NYSE:LPXFree Report) in a report issued on Monday, MarketBeat reports. The firm issued a buy rating on the building manufacturing company’s stock.

A number of other brokerages also recently weighed in on LPX. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Truist Financial lowered their price objective on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 11th. DA Davidson reissued a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a report on Thursday, September 25th. Wall Street Zen downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Five equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $110.57.

Read Our Latest Stock Report on Louisiana-Pacific

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $90.77 on Monday. Louisiana-Pacific has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 21.41, a PEG ratio of 2.06 and a beta of 1.80. The stock’s 50 day simple moving average is $92.92 and its two-hundred day simple moving average is $90.53. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84.

Louisiana-Pacific (NYSE:LPXGet Free Report) last released its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $755.00 million during the quarter, compared to analysts’ expectations of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 EPS. As a group, analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, August 15th. Louisiana-Pacific’s dividend payout ratio is presently 26.42%.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares of the company’s stock, valued at approximately $3,002,528. The trade was a 1.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Large investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC lifted its position in Louisiana-Pacific by 33,243.5% during the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after purchasing an additional 2,581,023 shares during the period. Eminence Capital LP raised its stake in Louisiana-Pacific by 72.3% during the 2nd quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock valued at $248,291,000 after buying an additional 1,211,495 shares during the last quarter. Norges Bank bought a new position in shares of Louisiana-Pacific during the 2nd quarter valued at $72,299,000. 59 North Capital Management LP boosted its stake in shares of Louisiana-Pacific by 32.1% in the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock worth $240,863,000 after buying an additional 635,817 shares during the last quarter. Finally, Palestra Capital Management LLC grew its holdings in shares of Louisiana-Pacific by 173.5% in the first quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock worth $83,851,000 after acquiring an additional 578,248 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Company Profile

(Get Free Report)

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.

Featured Articles

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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.