A number of other equities analysts also recently issued reports on LPX. Bank of America Corp downgraded shares of Louisiana-Pacific from a neutral rating to an underperform rating in a report on Wednesday, December 7th. Zacks Investment Research downgraded shares of Louisiana-Pacific from a buy rating to a hold rating in a report on Wednesday, February 8th. Finally, DA Davidson raised shares of Louisiana-Pacific from a neutral rating to a buy rating and lifted their price objective for the stock from $20.00 to $27.00 in a report on Thursday, February 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of $24.75.
Louisiana-Pacific (NYSE:LPX) opened at 24.70 on Tuesday. Louisiana-Pacific has a 1-year low of $15.05 and a 1-year high of $24.94. The company has a 50 day moving average of $22.79 and a 200 day moving average of $20.11. The firm has a market capitalization of $3.56 billion, a P/E ratio of 24.05 and a beta of 1.14.
Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 8th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.04. The firm had revenue of $550 million for the quarter, compared to the consensus estimate of $534.56 million. Louisiana-Pacific had a net margin of 6.71% and a return on equity of 11.56%. The business’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS. On average, equities research analysts anticipate that Louisiana-Pacific will post $1.55 earnings per share for the current year.
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In other news, COO William Bradley Southern sold 15,660 shares of Louisiana-Pacific stock in a transaction on Friday, February 17th. The stock was sold at an average price of $24.55, for a total transaction of $384,453.00. Following the sale, the chief operating officer now directly owns 124,973 shares in the company, valued at approximately $3,068,087.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Michael Sims sold 6,685 shares of Louisiana-Pacific stock in a transaction on Thursday, February 16th. The stock was sold at an average price of $24.45, for a total value of $163,448.25. Following the sale, the senior vice president now owns 40,127 shares in the company, valued at $981,105.15. The disclosure for this sale can be found here. Insiders have sold a total of 146,918 shares of company stock worth $3,371,067 over the last quarter. Company insiders own 1.76% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Louisiana-Pacific by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,878 shares of the company’s stock worth $102,000 after buying an additional 433 shares during the last quarter. Royal Bank of Canada boosted its stake in Louisiana-Pacific by 25.5% in the second quarter. Royal Bank of Canada now owns 368,457 shares of the company’s stock worth $6,393,000 after buying an additional 74,982 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in Louisiana-Pacific during the second quarter worth approximately $1,474,000. Oregon Public Employees Retirement Fund boosted its stake in Louisiana-Pacific by 4.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 49,498 shares of the company’s stock worth $932,000 after buying an additional 1,960 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Louisiana-Pacific during the third quarter worth approximately $716,000. Institutional investors own 97.29% of the company’s stock.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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