Louisiana-Pacific Co. (LPX) Receives Average Rating of “Hold” from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned an average rating of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $30.71.

Several brokerages recently issued reports on LPX. DA Davidson boosted their price target on Louisiana-Pacific to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. BMO Capital Markets set a $25.00 price target on Louisiana-Pacific and gave the company a “sell” rating in a research note on Tuesday, February 13th. Stephens set a $32.00 price target on Louisiana-Pacific and gave the company a “hold” rating in a research note on Tuesday, February 13th. Scotiabank boosted their price target on Louisiana-Pacific from $29.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Finally, Bank of America upgraded Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th.

Louisiana-Pacific (NYSE:LPX) traded up $0.42 during trading on Wednesday, hitting $29.07. The stock had a trading volume of 2,490,000 shares, compared to its average volume of 1,890,000. The company has a quick ratio of 4.07, a current ratio of 5.03 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4,210.00, a price-to-earnings ratio of 11.40, a PEG ratio of 2.26 and a beta of 1.62. Louisiana-Pacific has a twelve month low of $22.07 and a twelve month high of $31.07.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.15. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The business had revenue of $710.60 million for the quarter, compared to analyst estimates of $654.26 million. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. analysts predict that Louisiana-Pacific will post 2.59 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date is Friday, February 23rd.

In other Louisiana-Pacific news, EVP Neil Sherman sold 18,885 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $30.04, for a total transaction of $567,305.40. Following the sale, the executive vice president now directly owns 62,770 shares of the company’s stock, valued at $1,885,610.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.48% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPX. State Street Corp boosted its holdings in Louisiana-Pacific by 4.5% during the second quarter. State Street Corp now owns 4,649,675 shares of the construction company’s stock valued at $112,109,000 after purchasing an additional 202,141 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in Louisiana-Pacific by 117.7% during the second quarter. Cubist Systematic Strategies LLC now owns 13,467 shares of the construction company’s stock valued at $325,000 after purchasing an additional 7,282 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in Louisiana-Pacific by 9.5% during the second quarter. Sterling Capital Management LLC now owns 35,940 shares of the construction company’s stock valued at $867,000 after purchasing an additional 3,104 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Louisiana-Pacific by 1.0% during the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after purchasing an additional 56 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Louisiana-Pacific by 1.8% during the third quarter. Mutual of America Capital Management LLC now owns 119,394 shares of the construction company’s stock valued at $3,233,000 after purchasing an additional 2,106 shares in the last quarter. 93.61% of the stock is currently owned by institutional investors.

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About Louisiana-Pacific

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.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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