Louisiana-Pacific Corp. (LPX) Stock Rating Upgraded by Vertical Research
Louisiana-Pacific Corp. (NYSE:LPX) was upgraded by stock analysts at Vertical Research from a “hold” rating to a “buy” rating in a report released on Friday.
Several other brokerages also recently issued reports on LPX. Dundee Securities upgraded shares of Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st. BMO Capital Markets downgraded shares of Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price target on the stock. in a research report on Monday, August 8th. They noted that the move was a valuation call. Finally, TheStreet raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a report on Monday, August 8th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Louisiana-Pacific Corp. currently has an average rating of “Buy” and an average target price of $19.25.
Shares of Louisiana-Pacific Corp. (NYSE:LPX) opened at 18.47 on Friday. The firm has a market capitalization of $2.63 billion, a PE ratio of 335.82 and a beta of 1.36. The company’s 50 day moving average is $19.17 and its 200 day moving average is $18.45. Louisiana-Pacific Corp. has a 12-month low of $13.31 and a 12-month high of $20.97.
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Louisiana-Pacific Corp. (NYSE:LPX) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.03. The business had revenue of $582 million for the quarter, compared to the consensus estimate of $578.30 million. Louisiana-Pacific Corp. had a net margin of 0.39% and a return on equity of 3.29%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.08) EPS. On average, analysts forecast that Louisiana-Pacific Corp. will post $0.87 earnings per share for the current year.
In other news, SVP Neil Sherman sold 13,397 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $20.00, for a total value of $267,940.00. Following the completion of the sale, the senior vice president now directly owns 45,025 shares of the company’s stock, valued at approximately $900,500. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.76% of the stock is owned by insiders.
Several hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio boosted its stake in shares of Louisiana-Pacific Corp. by 8.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,878 shares of the company’s stock worth $102,000 after buying an additional 433 shares during the period. Pacad Investment Ltd. acquired a new stake in Louisiana-Pacific Corp. during the second quarter worth about $116,000. Creative Planning boosted its stake in Louisiana-Pacific Corp. by 58.8% in the second quarter. Creative Planning now owns 6,814 shares of the company’s stock worth $118,000 after buying an additional 2,522 shares during the last quarter. LS Investment Advisors LLC boosted its stake in Louisiana-Pacific Corp. by 75.6% in the second quarter. LS Investment Advisors LLC now owns 8,648 shares of the company’s stock worth $150,000 after buying an additional 3,724 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new stake in Louisiana-Pacific Corp. during the second quarter worth about $182,000.
Louisiana-Pacific Corp. 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: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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