Louisiana-Pacific (NYSE:LPX) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Louisiana-Pacific (NYSE:LPX) from a buy rating to a hold rating in a research note published on Thursday.

Other analysts also recently issued research reports about the stock. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the company an outperform rating in a report on Thursday, May 9th. TD Securities lifted their target price on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a hold rating in a report on Thursday, May 9th. Loop Capital initiated coverage on shares of Louisiana-Pacific in a report on Friday, May 3rd. They issued a hold rating and a $82.00 target price on the stock. BMO Capital Markets lifted their target price on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an outperform rating in a report on Thursday, May 9th. Finally, DA Davidson boosted their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a buy rating in a report on Friday, June 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific has a consensus rating of Hold and an average target price of $90.50.

Louisiana-Pacific Trading Up 1.8 %

NYSE LPX opened at $85.66 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 3.32. The firm has a market cap of $6.14 billion, a PE ratio of 23.53, a P/E/G ratio of 11.12 and a beta of 1.89. Louisiana-Pacific has a one year low of $49.47 and a one year high of $95.70. The firm’s fifty day moving average is $87.16 and its two-hundred day moving average is $77.99.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. Louisiana-Pacific’s quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 earnings per share. Analysts expect that Louisiana-Pacific will post 5.39 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, May 21st. Louisiana-Pacific’s dividend payout ratio is currently 28.57%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the transaction, the director now owns 23,501 shares in the company, valued at $2,095,819.18. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently modified their holdings of the company. Neo Ivy Capital Management purchased a new position in Louisiana-Pacific during the third quarter worth approximately $292,000. Teachers Retirement System of The State of Kentucky raised its stake in Louisiana-Pacific by 29.9% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 51,629 shares of the building manufacturing company’s stock worth $2,853,000 after purchasing an additional 11,891 shares during the period. Raymond James Trust N.A. purchased a new position in Louisiana-Pacific during the fourth quarter worth approximately $206,000. Handelsinvest Investeringsforvaltning purchased a new position in Louisiana-Pacific during the fourth quarter worth approximately $281,000. Finally, Vest Financial LLC raised its stake in Louisiana-Pacific by 26.2% during the fourth quarter. Vest Financial LLC now owns 198,516 shares of the building manufacturing company’s stock worth $14,061,000 after purchasing an additional 41,169 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.