Louisiana-Pacific Co. (LPX) Receives Consensus Recommendation of “Hold” from Analysts

Louisiana-Pacific Co. (NYSE:LPX) has received an average rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $33.00.

LPX has been the subject of several recent research reports. ValuEngine raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Wednesday, May 23rd. DA Davidson raised Louisiana-Pacific from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 8th. Royal Bank of Canada reissued a “buy” rating and set a $39.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, April 3rd. Seaport Global Securities began coverage on Louisiana-Pacific in a research note on Thursday, March 15th. They set a “buy” rating and a $37.00 target price for the company. Finally, Zacks Investment Research cut Louisiana-Pacific from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 4th.

Shares of NYSE:LPX traded up $0.20 during midday trading on Tuesday, hitting $27.75. The company had a trading volume of 699,659 shares, compared to its average volume of 1,712,487. Louisiana-Pacific has a twelve month low of $23.39 and a twelve month high of $31.19. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.53 and a current ratio of 5.92. The stock has a market cap of $3.95 billion, a PE ratio of 11.92, a P/E/G ratio of 1.85 and a beta of 1.54.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Monday, May 7th. The construction company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.08). Louisiana-Pacific had a net margin of 15.13% and a return on equity of 25.35%. The company had revenue of $691.30 million during the quarter, compared to analyst estimates of $702.19 million. During the same period in the prior year, the business posted $0.33 EPS. Louisiana-Pacific’s revenue for the quarter was up 13.1% compared to the same quarter last year. analysts predict that Louisiana-Pacific will post 2.94 earnings per share for the current fiscal year.

In other Louisiana-Pacific news, Director Gary Cook sold 2,558 shares of the firm’s stock in a transaction on Tuesday, May 22nd. The stock was sold at an average price of $29.00, for a total transaction of $74,182.00. Following the completion of the sale, the director now owns 52,697 shares of the company’s stock, valued at $1,528,213. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Louisiana-Pacific by 3.0% in the fourth quarter. BlackRock Inc. now owns 17,529,786 shares of the construction company’s stock valued at $460,331,000 after buying an additional 503,239 shares in the last quarter. Millennium Management LLC boosted its holdings in Louisiana-Pacific by 78.2% in the first quarter. Millennium Management LLC now owns 5,880,551 shares of the construction company’s stock valued at $169,183,000 after purchasing an additional 2,581,310 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Louisiana-Pacific by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 4,245,498 shares of the construction company’s stock valued at $122,143,000 after purchasing an additional 48,175 shares during the period. Bank of New York Mellon Corp boosted its holdings in Louisiana-Pacific by 9.4% in the fourth quarter. Bank of New York Mellon Corp now owns 3,734,888 shares of the construction company’s stock valued at $98,078,000 after purchasing an additional 322,381 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in Louisiana-Pacific by 29.2% in the fourth quarter. Renaissance Technologies LLC now owns 3,464,000 shares of the construction company’s stock valued at $90,965,000 after purchasing an additional 783,116 shares during the period. 91.42% of the stock is owned by institutional investors and hedge funds.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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