Louisiana-Pacific Sees Unusually Large Options Volume (NYSE:LPX)

Louisiana-Pacific Corporation (NYSE:LPX) was the recipient of some unusual options trading activity on Monday. Investors purchased 10,002 put options on the stock. This is an increase of approximately 2,143% compared to the typical daily volume of 446 put options.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of analyst reports. Weiss Ratings raised shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. TD increased their price target on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Wolfe Research started coverage on Louisiana-Pacific in a report on Thursday, September 10th. They set an “outperform” rating and a $90.00 price objective on the stock. Finally, Truist Financial lowered their price objective on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Twelve investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $93.33.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Berkshire Hathaway Inc bought a new position in shares of Louisiana-Pacific in the 2nd quarter valued at about $445,593,000. Principal Financial Group Inc. raised its stake in shares of Louisiana-Pacific by 20.5% during the first quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock worth $36,219,000 after buying an additional 84,661 shares during the last quarter. Legal & General Group Plc acquired a new position in Louisiana-Pacific in the second quarter valued at approximately $7,219,000. Bank of America Corp DE acquired a new position in Louisiana-Pacific in the second quarter valued at approximately $26,389,000. Finally, Maple Rock Capital Partners Inc. boosted its stake in Louisiana-Pacific by 36.8% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock valued at $119,709,000 after acquiring an additional 409,300 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Trading Up 0.4%

NYSE:LPX traded up $0.23 during trading hours on Monday, hitting $65.92. 544,762 shares of the stock were exchanged, compared to its average volume of 1,137,933. The company’s 50 day moving average is $69.50 and its two-hundred day moving average is $72.39. Louisiana-Pacific has a twelve month low of $62.18 and a twelve month high of $100.34. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $4.61 billion, a P/E ratio of 83.44, a price-to-earnings-growth ratio of 10.02 and a beta of 1.63.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The firm had revenue of $664.00 million during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm’s quarterly revenue was down 12.1% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. On average, sell-side analysts anticipate that Louisiana-Pacific will post 1.08 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential and light commercial construction. The company’s portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.