Louisiana-Pacific (NYSE:LPX) Reaches New 12-Month High at $71.18


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Louisiana-Pacific Co. (NYSE:LPX)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.18 and last traded at $70.26, with a volume of 43151 shares. The stock had previously closed at $67.08.

Several research analysts have issued reports on the stock. BMO Capital Markets lifted their price target on shares of Louisiana-Pacific from $55.00 to $62.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 16th. DA Davidson lifted their price target on shares of Louisiana-Pacific from $40.00 to $50.00 in a research report on Friday, January 22nd. Zacks Investment Research lowered shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a research report on Tuesday, March 30th. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $50.00 to $58.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 17th. Finally, Stephens upgraded shares of Louisiana-Pacific from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, February 17th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $44.75.

The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.73 and a current ratio of 3.70. The firm’s 50 day moving average is $60.40 and its 200-day moving average is $43.78. The firm has a market cap of $7.49 billion, a price-to-earnings ratio of 41.15 and a beta of 1.82.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Monday, February 15th. The building manufacturing company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.74 by $0.27. Louisiana-Pacific had a net margin of 7.79% and a return on equity of 26.04%. The business had revenue of $860.00 million during the quarter, compared to analyst estimates of $790.00 million. As a group, research analysts predict that Louisiana-Pacific Co. will post 3.98 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 1st. Investors of record on Monday, May 17th will be issued a $0.16 dividend. The ex-dividend date is Friday, May 14th. This represents a $0.64 annualized dividend and a yield of 0.91%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 172.97%.

In related news, Director Lizanne C. Gottung sold 5,000 shares of Louisiana-Pacific stock in a transaction on Monday, March 1st. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the transaction, the director now owns 25,371 shares in the company, valued at approximately $1,268,550. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Michael Sims sold 12,824 shares of the business’s stock in a transaction dated Thursday, February 25th. The stock was sold at an average price of $48.50, for a total transaction of $621,964.00. Following the transaction, the senior vice president now owns 83,523 shares in the company, valued at approximately $4,050,865.50. The disclosure for this sale can be found here. Insiders sold a total of 17,923 shares of company stock worth $876,686 in the last quarter. Insiders own 0.40% of the company’s stock.

Several large investors have recently bought and sold shares of LPX. Captrust Financial Advisors increased its holdings in shares of Louisiana-Pacific by 61.1% during the 4th quarter. Captrust Financial Advisors now owns 1,026 shares of the building manufacturing company’s stock worth $38,000 after purchasing an additional 389 shares during the period. Hoover Financial Advisors Inc. bought a new position in shares of Louisiana-Pacific during the 4th quarter worth about $51,000. FIL Ltd increased its holdings in shares of Louisiana-Pacific by 80.3% during the 4th quarter. FIL Ltd now owns 2,028 shares of the building manufacturing company’s stock worth $75,000 after purchasing an additional 903 shares during the period. Global Trust Asset Management LLC bought a new position in shares of Louisiana-Pacific during the 1st quarter worth about $78,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of Louisiana-Pacific during the 1st quarter worth about $114,000. Institutional investors own 92.87% of the company’s stock.

Louisiana-Pacific Company Profile (NYSE:LPX)

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

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