LPX has been the topic of a number of other reports. TheStreet cut Louisiana-Pacific Corp. from a buy rating to a hold rating in a research note on Thursday, September 29th. BMO Capital Markets cut Louisiana-Pacific Corp. from an outperform rating to a market perform rating and set a $20.00 target price on the stock. in a research note on Monday, August 8th. They noted that the move was a valuation call. Finally, Dundee Securities upgraded Louisiana-Pacific Corp. from a neutral rating to a buy rating in a research note on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $19.25.
Shares of Louisiana-Pacific Corp. (NYSE:LPX) traded down 0.21% during midday trading on Friday, reaching $18.97. 408,018 shares of the company’s stock were exchanged. Louisiana-Pacific Corp. has a 12 month low of $13.31 and a 12 month high of $20.97. The company has a market cap of $2.70 billion, a P/E ratio of 344.91 and a beta of 1.37. The firm has a 50 day moving average price of $19.17 and a 200 day moving average price of $18.48.
Louisiana-Pacific Corp. (NYSE:LPX) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.03. The firm had revenue of $582 million for the quarter, compared to the consensus estimate of $578.30 million. Louisiana-Pacific Corp. had a net margin of 0.39% and a return on equity of 3.29%. The business’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.08) EPS. Equities research analysts forecast that Louisiana-Pacific Corp. will post $0.87 earnings per share for the current fiscal year.
In related news, SVP Neil Sherman sold 13,397 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $20.00, for a total value of $267,940.00. Following the sale, the senior vice president now directly owns 45,025 shares in the company, valued at approximately $900,500. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.76% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Louisiana-Pacific Corp. by 1.6% in the first quarter. State Street Corp now owns 4,322,262 shares of the company’s stock worth $73,995,000 after buying an additional 67,284 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in shares of Louisiana-Pacific Corp. by 7.4% in the first quarter. Adage Capital Partners GP L.L.C. now owns 5,721,800 shares of the company’s stock valued at $97,957,000 after buying an additional 394,936 shares in the last quarter. BlackRock Group LTD boosted its stake in shares of Louisiana-Pacific Corp. by 31.5% in the first quarter. BlackRock Group LTD now owns 224,702 shares of the company’s stock valued at $3,847,000 after buying an additional 53,886 shares in the last quarter. Aperio Group LLC boosted its stake in shares of Louisiana-Pacific Corp. by 7.2% in the first quarter. Aperio Group LLC now owns 119,288 shares of the company’s stock valued at $2,042,000 after buying an additional 8,037 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Louisiana-Pacific Corp. by 11.2% in the first quarter. Pictet Asset Management Ltd. now owns 1,288,796 shares of the company’s stock valued at $20,479,000 after buying an additional 129,563 shares in the last quarter.
Louisiana-Pacific Corp. 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: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.
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