Louisiana-Pacific Corporation (LPX) Rating Increased to Strong-Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Louisiana-Pacific Corporation (NYSE:LPX) from a hold rating to a strong-buy rating in a report released on Wednesday, October 18th. They currently have $33.00 price objective on the construction company’s stock.

According to Zacks, “Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana-Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding. “

Other equities analysts have also recently issued research reports about the stock. Longbow Research reiterated a neutral rating on shares of Louisiana-Pacific Corporation in a research note on Tuesday, October 10th. BMO Capital Markets cut shares of Louisiana-Pacific Corporation from a market perform rating to an underperform rating and increased their price objective for the stock from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Royal Bank Of Canada increased their price objective on shares of Louisiana-Pacific Corporation and gave the stock an outperform rating in a research note on Tuesday, September 26th. Finally, BidaskClub cut shares of Louisiana-Pacific Corporation from a buy rating to a hold rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Louisiana-Pacific Corporation currently has a consensus rating of Hold and a consensus price target of $29.67.

Shares of Louisiana-Pacific Corporation (NYSE:LPX) opened at 27.44 on Wednesday. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $29.44. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 15.63 and a beta of 1.31. The firm has a 50-day moving average of $27.75 and a 200 day moving average of $25.29.

Louisiana-Pacific Corporation (NYSE:LPX) last announced its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.03). The company had revenue of $694.00 million for the quarter, compared to analysts’ expectations of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The business’s revenue was up 19.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. On average, analysts expect that Louisiana-Pacific Corporation will post $2.13 earnings per share for the current year.

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In other Louisiana-Pacific Corporation news, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total transaction of $158,869.26. Following the sale, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total transaction of $138,456.00. Following the sale, the insider now owns 7,305 shares in the company, valued at approximately $197,235. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Preferred LLC raised its stake in Louisiana-Pacific Corporation by 2,723.0% during the 2nd quarter. Advisors Preferred LLC now owns 4,291 shares of the construction company’s stock worth $103,000 after acquiring an additional 4,139 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Louisiana-Pacific Corporation by 10.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the construction company’s stock worth $137,000 after acquiring an additional 539 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Louisiana-Pacific Corporation by 1.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after buying an additional 56 shares in the last quarter. US Bancorp DE grew its holdings in Louisiana-Pacific Corporation by 6.9% during the 2nd quarter. US Bancorp DE now owns 6,169 shares of the construction company’s stock valued at $149,000 after buying an additional 400 shares in the last quarter. Finally, Flinton Capital Management LLC grew its holdings in Louisiana-Pacific Corporation by 76.1% during the 2nd quarter. Flinton Capital Management LLC now owns 7,296 shares of the construction company’s stock valued at $176,000 after buying an additional 3,152 shares in the last quarter. Institutional investors own 91.35% of the company’s stock.

Louisiana-Pacific Corporation Company Profile

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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Analyst Recommendations for Louisiana-Pacific Corporation (NYSE:LPX)

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