Jefferies Financial Group Initiates Coverage on Louisiana-Pacific (NYSE:LPX)

Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific (NYSE:LPX) in a report released on Tuesday. The brokerage set a “buy” rating and a $93.00 price target on the building manufacturing company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 22.72% from the company’s previous close.

LPX has been the subject of several other research reports. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. DA Davidson reiterated a “buy” rating and set a $114.00 price objective on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. TD Securities raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Finally, Oppenheimer cut their price target on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $96.78.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $75.78 on Tuesday. The firm has a market cap of $5.29 billion, a P/E ratio of 64.23, a P/E/G ratio of 1.95 and a beta of 1.59. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 12 month low of $66.12 and a 12 month high of $102.86. The stock’s fifty day moving average price is $73.51 and its 200-day moving average price is $79.91.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm had revenue of $574.00 million during the quarter, compared to the consensus estimate of $569.99 million. During the same period in the previous year, the company posted $1.27 earnings per share. The firm’s quarterly revenue was down 20.7% on a year-over-year basis. On average, equities research analysts expect that Louisiana-Pacific will post 2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallel Advisors LLC increased its position in Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after buying an additional 255 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Louisiana-Pacific by 5.0% during the first quarter. NewEdge Advisors LLC now owns 8,675 shares of the building manufacturing company’s stock worth $631,000 after acquiring an additional 410 shares during the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Louisiana-Pacific during the first quarter valued at about $21,513,000. Western Wealth Management LLC acquired a new position in shares of Louisiana-Pacific during the first quarter valued at about $25,000. Finally, Janus Henderson Group PLC raised its position in shares of Louisiana-Pacific by 19.7% in the 1st quarter. Janus Henderson Group PLC now owns 81,707 shares of the building manufacturing company’s stock valued at $5,947,000 after purchasing an additional 13,468 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

About Louisiana-Pacific

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.