Louisiana-Pacific (LPX) Lifted to “Sell” at ValuEngine

ValuEngine upgraded shares of Louisiana-Pacific (NYSE:LPX) from a strong sell rating to a sell rating in a research report report published on Thursday morning.

Several other equities research analysts also recently commented on LPX. Zacks Investment Research downgraded shares of Louisiana-Pacific from a strong-buy rating to a hold rating in a research note on Friday, August 10th. Seaport Global Securities initiated coverage on shares of Louisiana-Pacific in a research report on Tuesday, October 23rd. They set a buy rating and a $31.00 price objective for the company. BMO Capital Markets raised shares of Louisiana-Pacific from an underperform rating to a market perform rating and lowered their price objective for the stock from $27.00 to $24.00 in a research report on Monday, October 22nd. They noted that the move was a valuation call. Longbow Research reissued a hold rating on shares of Louisiana-Pacific in a research report on Tuesday, October 9th. Finally, Bank of America raised shares of Louisiana-Pacific from a neutral rating to a buy rating and set a $37.00 price objective for the company in a research report on Monday, July 16th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Louisiana-Pacific presently has an average rating of Hold and a consensus target price of $32.13.

NYSE:LPX traded down $0.21 during trading hours on Thursday, hitting $23.01. The stock had a trading volume of 761,737 shares, compared to its average volume of 2,826,537. Louisiana-Pacific has a one year low of $20.89 and a one year high of $32.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.57 and a current ratio of 5.68. The company has a market capitalization of $3.31 billion, a PE ratio of 9.88, a PEG ratio of 1.67 and a beta of 1.61.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, August 7th. The construction company reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.10. Louisiana-Pacific had a net margin of 16.85% and a return on equity of 28.21%. The firm had revenue of $810.80 million during the quarter, compared to the consensus estimate of $788.55 million. On average, sell-side analysts forecast that Louisiana-Pacific will post 2.79 earnings per share for the current year.

Louisiana-Pacific announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 7th that authorizes the company to buyback $150.00 million in shares. This buyback authorization authorizes the construction company to buy up to 3.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be given a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 2.26%. Louisiana-Pacific’s dividend payout ratio is 22.32%.

In other news, Director Lizanne C. Gottung sold 7,000 shares of the stock in a transaction on Thursday, August 16th. The shares were sold at an average price of $29.25, for a total transaction of $204,750.00. Following the completion of the sale, the director now owns 18,115 shares of the company’s stock, valued at $529,863.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Emory Kinney sold 11,815 shares of the firm’s stock in a transaction on Friday, September 14th. The shares were sold at an average price of $31.05, for a total transaction of $366,855.75. Following the completion of the transaction, the chief financial officer now directly owns 32,042 shares of the company’s stock, valued at approximately $994,904.10. The disclosure for this sale can be found here. Insiders have sold 38,287 shares of company stock valued at $1,180,736 in the last three months. 0.50% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC grew its position in Louisiana-Pacific by 1.5% in the second quarter. Vident Investment Advisory LLC now owns 115,040 shares of the construction company’s stock valued at $3,131,000 after purchasing an additional 1,725 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Louisiana-Pacific by 3.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 56,305 shares of the construction company’s stock valued at $1,533,000 after purchasing an additional 1,997 shares in the last quarter. Alpha Windward LLC grew its position in Louisiana-Pacific by 11.9% in the second quarter. Alpha Windward LLC now owns 19,133 shares of the construction company’s stock valued at $521,000 after purchasing an additional 2,033 shares in the last quarter. Zacks Investment Management grew its position in Louisiana-Pacific by 2.9% in the second quarter. Zacks Investment Management now owns 81,194 shares of the construction company’s stock valued at $2,210,000 after purchasing an additional 2,302 shares in the last quarter. Finally, NumerixS Investment Technologies Inc grew its position in Louisiana-Pacific by 36.0% in the second quarter. NumerixS Investment Technologies Inc now owns 9,250 shares of the construction company’s stock valued at $249,000 after purchasing an additional 2,450 shares in the last quarter. 92.63% 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.

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