Investors Buy Large Volume of Put Options on Louisiana-Pacific (LPX)

Louisiana-Pacific Co. (NYSE:LPX) was the target of some unusual options trading on Wednesday. Stock traders purchased 558 put options on the company. This is an increase of approximately 772% compared to the typical daily volume of 64 put options.

A number of analysts recently issued reports on the company. DA Davidson lifted their target price on Louisiana-Pacific to $33.00 and gave the company a “neutral” rating in a research report on Wednesday. BMO Capital Markets set a $25.00 target price on Louisiana-Pacific and gave the company a “sell” rating in a research report on Tuesday. Stephens set a $32.00 target price on Louisiana-Pacific and gave the company a “hold” rating in a research report on Tuesday. Scotiabank lifted their target price on Louisiana-Pacific from $29.00 to $30.00 and gave the company a “sector perform” rating in a research report on Wednesday. Finally, Bank of America raised Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. Louisiana-Pacific has a consensus rating of “Hold” and a consensus price target of $30.71.

Louisiana-Pacific (LPX) opened at $30.07 on Thursday. Louisiana-Pacific has a 1-year low of $22.07 and a 1-year high of $31.07. The company has a current ratio of 5.03, a quick ratio of 4.31 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $4,413.72, a PE ratio of 11.26, a P/E/G ratio of 2.93 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $654.26 million. During the same quarter last year, the company posted $0.23 earnings per share. Louisiana-Pacific’s quarterly revenue was up 29.2% on a year-over-year basis. analysts forecast that Louisiana-Pacific will post 2.08 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors 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 1.73%. The ex-dividend date of this dividend is Friday, February 23rd.

Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio grew 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 worth $140,000 after purchasing an additional 56 shares during the period. Greenwood Capital Associates LLC bought a new position in Louisiana-Pacific during the third quarter worth about $202,000. MANA Advisors LLC bought a new position in Louisiana-Pacific during the fourth quarter worth about $209,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Louisiana-Pacific by 43.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,172 shares of the construction company’s stock worth $215,000 after purchasing an additional 2,481 shares during the period. Finally, Moors & Cabot Inc. bought a new position in Louisiana-Pacific during the fourth quarter worth about $225,000. Institutional investors and hedge funds own 92.31% of the company’s stock.

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Louisiana-Pacific 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, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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