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

Shares of Louisiana-Pacific (NYSE:LPX) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $32.43.

A number of research firms recently commented on LPX. Royal Bank of Canada reiterated a “buy” rating and issued a $39.00 price objective on shares of Louisiana-Pacific in a report on Tuesday, April 3rd. ValuEngine upgraded Louisiana-Pacific from a “buy” rating to a “strong-buy” rating in a report on Tuesday, April 3rd. BMO Capital Markets set a $25.00 price objective on Louisiana-Pacific and gave the company a “sell” rating in a report on Tuesday, February 13th. Stephens set a $32.00 price objective on Louisiana-Pacific and gave the company a “hold” rating in a report on Tuesday, February 13th. Finally, Seaport Global Securities started coverage on Louisiana-Pacific in a report on Thursday, March 15th. They issued a “buy” rating and a $37.00 price objective on the stock.

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In related news, Director Gary Cook sold 5,000 shares of the business’s stock in a transaction on Wednesday, March 14th. The shares were sold at an average price of $28.58, for a total transaction of $142,900.00. Following the completion of the transaction, the director now owns 50,026 shares in the company, valued at $1,429,743.08. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Neil Sherman sold 18,885 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 62,770 shares of the company’s stock, valued at approximately $1,885,610.80. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Teachers Retirement System of The State of Kentucky grew its stake in shares of Louisiana-Pacific by 2.5% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 81,193 shares of the construction company’s stock worth $2,132,000 after purchasing an additional 1,952 shares in the last quarter. Flinton Capital Management LLC grew its stake in shares of Louisiana-Pacific by 24.4% during the fourth quarter. Flinton Capital Management LLC now owns 10,688 shares of the construction company’s stock worth $281,000 after purchasing an additional 2,096 shares in the last quarter. Profund Advisors LLC boosted its stake in Louisiana-Pacific by 12.6% in the fourth quarter. Profund Advisors LLC now owns 22,177 shares of the construction company’s stock valued at $582,000 after acquiring an additional 2,477 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Louisiana-Pacific by 43.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock valued at $215,000 after acquiring an additional 2,481 shares in the last quarter. Finally, Meadow Creek Investment Management LLC boosted its stake in Louisiana-Pacific by 24.4% in the fourth quarter. Meadow Creek Investment Management LLC now owns 14,696 shares of the construction company’s stock valued at $386,000 after acquiring an additional 2,882 shares in the last quarter. Hedge funds and other institutional investors own 94.61% of the company’s stock.

Shares of Louisiana-Pacific stock traded up $0.54 on Thursday, hitting $30.94. 241,252 shares of the company were exchanged, compared to its average volume of 1,713,928. The stock has a market cap of $4,349.94, a P/E ratio of 13.27, a P/E/G ratio of 2.21 and a beta of 1.55. Louisiana-Pacific has a 1-year low of $22.07 and a 1-year high of $31.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 5.03 and a quick ratio of 4.07.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, February 13th. The construction company reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.15. The business had revenue of $710.60 million for the quarter, compared to analysts’ expectations of $654.26 million. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The business’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. research analysts expect that Louisiana-Pacific will post 2.71 EPS for the current fiscal year.

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Louisiana-Pacific Company Profile

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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