Louisiana-Pacific (NYSE:LPX) Reaches New 52-Week Low – Here’s Why

Louisiana-Pacific Corporation (NYSE:LPX)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as $66.12 and last traded at $68.2730, with a volume of 40231 shares changing hands. The stock had previously closed at $67.02.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a report on Thursday, May 7th. Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $104.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Finally, Barclays dropped their price target on Louisiana-Pacific from $90.00 to $89.00 and set an “overweight” rating on the stock in a research note on Friday, May 8th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.25.

Louisiana-Pacific Stock Up 0.1%

The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.90 billion, a price-to-earnings ratio of 59.45, a P/E/G ratio of 1.76 and a beta of 1.60. The business’s 50-day moving average is $73.13 and its 200-day moving average is $80.63.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.24. The company had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. As a group, equities analysts predict that Louisiana-Pacific Corporation will post 2 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Investors of record on Thursday, May 14th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 101.69%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the company’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the sale, the director owned 17,160 shares in the company, valued at approximately $1,348,604.40. This represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several large investors have recently made changes to their positions in LPX. Western Wealth Management LLC acquired a new stake in Louisiana-Pacific during the first quarter valued at $25,000. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the 2nd quarter worth about $26,000. Parallel Advisors LLC boosted its stake in shares of Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after acquiring an additional 255 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Louisiana-Pacific during the 4th quarter valued at about $29,000. Finally, Root Financial Partners LLC grew its position in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after acquiring an additional 277 shares during the period. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.