Media stories about Louisiana-Pacific (NYSE:LPX) have been trending somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Louisiana-Pacific earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the construction company an impact score of 47.303693805689 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Insider Selling: Louisiana-Pacific Co. (LPX) Director Sells 5,000 Shares of Stock (americanbankingnews.com)
- Louisiana-Pacific Making The Best Of The Cycle – Seeking Alpha (seekingalpha.com)
- Seaport Global Securities Initiates Coverage on Louisiana-Pacific (LPX) (americanbankingnews.com)
- Why Louisiana-Pacific (LPX) Stock Might be a Great Pick (finance.yahoo.com)
- Weyerhaeuser’s Improved Execution Should Pay Dividends (seekingalpha.com)
Louisiana-Pacific (NYSE:LPX) traded up $0.55 on Friday, reaching $29.66. 2,477,033 shares of the company were exchanged, compared to its average volume of 1,740,236. The firm has a market cap of $4,299.22, a price-to-earnings ratio of 11.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.58. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.07 and a current ratio of 5.03. Louisiana-Pacific has a 1-year low of $22.07 and a 1-year high of $31.07.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Monday, February 26th were issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 1.75%. The ex-dividend date was Friday, February 23rd. Louisiana-Pacific’s dividend payout ratio is currently 19.48%.
A number of equities analysts have weighed in on LPX shares. Zacks Investment Research raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, January 9th. Stephens set a $31.00 price target on shares of Louisiana-Pacific and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Bank of America raised shares of Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. BMO Capital Markets set a $25.00 target price on shares of Louisiana-Pacific and gave the company a “sell” rating in a research note on Tuesday, February 13th. Finally, DA Davidson raised their target price on shares of Louisiana-Pacific to $33.00 and gave the company a “neutral” rating in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $31.50.
In other news, Director Gary Cook sold 5,000 shares of Louisiana-Pacific stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the transaction, the director now directly owns 50,026 shares of the company’s stock, valued at approximately $1,429,743.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Neil Sherman sold 18,885 shares of Louisiana-Pacific stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.04, for a total transaction of $567,305.40. Following the completion of the transaction, the executive vice president now directly owns 62,770 shares of the company’s stock, valued at $1,885,610.80. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.
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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