Louisiana-Pacific Corporation (NYSE:LPX) Raised to “Buy” at Vertical Research

Louisiana-Pacific Corporation (NYSE:LPX) was upgraded by research analysts at Vertical Research from a “hold” rating to a “buy” rating in a note issued to investors on Monday, November 6th.

LPX has been the subject of a number of other reports. Royal Bank Of Canada reiterated a “buy” rating and set a $37.00 price target on shares of Louisiana-Pacific in a research report on Monday, October 30th. Stephens initiated coverage on shares of Louisiana-Pacific in a research report on Tuesday, October 24th. They set an “equal weight” rating and a $30.00 price target for the company. Zacks Investment Research upgraded Louisiana-Pacific from a “hold” rating to a “strong-buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, October 18th. Longbow Research restated a “neutral” rating on shares of Louisiana-Pacific in a research report on Tuesday, October 10th. Finally, BMO Capital Markets cut shares of Louisiana-Pacific from a “market perform” rating to an “underperform” rating and lifted their target price for the stock from $22.00 to $24.00 in a research note on Friday, September 29th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.67.

Shares of Louisiana-Pacific (NYSE LPX) traded up $0.22 during mid-day trading on Monday, hitting $27.33. The company’s stock had a trading volume of 499,105 shares, compared to its average volume of 1,893,076. The company has a debt-to-equity ratio of 0.24, a quick ratio of 4.31 and a current ratio of 5.25. Louisiana-Pacific has a 12 month low of $18.69 and a 12 month high of $29.44. The stock has a market capitalization of $3,927.52, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 2.62 and a beta of 1.50.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Monday, November 6th. The construction company reported $0.70 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.05). The company had revenue of $718.30 million for the quarter, compared to analysts’ expectations of $731.47 million. Louisiana-Pacific had a return on equity of 20.27% and a net margin of 11.72%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 EPS. research analysts forecast that Louisiana-Pacific will post 2.07 EPS for the current fiscal year.

In related news, SVP Michael Sims sold 5,871 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $27.06, for a total transaction of $158,869.26. Following the completion of the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $1,123,612.38. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Rebecca Anne Barckley sold 5,128 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total transaction of $138,456.00. Following the sale, the insider now directly owns 7,305 shares of the company’s stock, valued at $197,235. The disclosure for this sale can be found here. 1.48% of the stock is owned by insiders.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in Louisiana-Pacific by 9.9% in the 2nd quarter. Vanguard Group Inc. now owns 14,500,326 shares of the construction company’s stock worth $349,603,000 after buying an additional 1,302,444 shares in the last quarter. Iridian Asset Management LLC CT lifted its holdings in Louisiana-Pacific by 71.6% in the 2nd quarter. Iridian Asset Management LLC CT now owns 4,846,075 shares of the construction company’s stock worth $116,839,000 after buying an additional 2,021,510 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Louisiana-Pacific by 0.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,814,005 shares of the construction company’s stock worth $130,370,000 after buying an additional 20,054 shares in the last quarter. State Street Corp raised its stake in shares of Louisiana-Pacific by 4.5% in the 2nd quarter. State Street Corp now owns 4,649,675 shares of the construction company’s stock valued at $112,109,000 after purchasing an additional 202,141 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Louisiana-Pacific by 12.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,412,507 shares of the construction company’s stock valued at $92,410,000 after purchasing an additional 375,243 shares in the last quarter. Hedge funds and other institutional investors own 94.35% of the company’s stock.

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Louisiana-Pacific Company Profile

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.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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