ValuEngine Upgrades Louisiana-Pacific (LPX) to “Strong-Buy”

ValuEngine upgraded shares of Louisiana-Pacific (NYSE:LPX) from a buy rating to a strong-buy rating in a research report released on Tuesday.

A number of other research analysts have also commented on the stock. Royal Bank of Canada reaffirmed a buy rating and set a $39.00 price objective on shares of Louisiana-Pacific in a research report on Tuesday. Seaport Global Securities assumed coverage on shares of Louisiana-Pacific in a research report on Thursday, March 15th. They set a buy rating and a $37.00 price objective for the company. Scotiabank upped their price objective on shares of Louisiana-Pacific from $29.00 to $30.00 and gave the company a sector perform rating in a research report on Wednesday, February 14th. DA Davidson upped their price objective on shares of Louisiana-Pacific to $33.00 and gave the company a neutral rating in a research report on Wednesday, February 14th. Finally, Stephens set a $32.00 price objective on shares of Louisiana-Pacific and gave the company a hold rating in a research report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Louisiana-Pacific currently has an average rating of Hold and a consensus price target of $31.75.

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Shares of LPX traded down $0.38 during trading hours on Tuesday, reaching $29.90. 434,767 shares of the company traded hands, compared to its average volume of 1,758,405. The firm has a market capitalization of $4,326.75, a P/E ratio of 13.00, a P/E/G ratio of 2.20 and a beta of 1.55. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.07 and a current ratio of 5.03. Louisiana-Pacific has a 1-year low of $22.07 and a 1-year high of $31.07.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $0.73 EPS for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.15. The business had revenue of $710.60 million during the quarter, compared to analyst estimates of $654.26 million. Louisiana-Pacific had a net margin of 14.26% and a return on equity of 24.05%. The firm’s revenue for the quarter was up 29.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. equities analysts forecast that Louisiana-Pacific will post 2.71 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Monday, February 26th were given a $0.13 dividend. This represents a $0.52 annualized dividend and a yield of 1.74%. The ex-dividend date of this dividend was Friday, February 23rd. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 22.32%.

In other Louisiana-Pacific news, EVP Neil Sherman sold 18,885 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.04, for a total transaction of $567,305.40. Following the sale, the executive vice president now directly owns 62,770 shares of the company’s stock, valued at $1,885,610.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gary Cook sold 5,000 shares of the company’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $28.58, for a total transaction of $142,900.00. Following the sale, the director now directly owns 50,026 shares in the company, valued at $1,429,743.08. The disclosure for this sale can be found here. Corporate insiders own 1.48% of the company’s stock.

Institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. bought a new stake in Louisiana-Pacific during the third quarter worth about $265,000. Employees Retirement System of Texas grew its stake in Louisiana-Pacific by 92.6% during the fourth quarter. Employees Retirement System of Texas now owns 156,000 shares of the construction company’s stock worth $4,097,000 after buying an additional 75,000 shares during the last quarter. HAP Trading LLC grew its stake in Louisiana-Pacific by 169.1% during the fourth quarter. HAP Trading LLC now owns 60,113 shares of the construction company’s stock worth $1,579,000 after buying an additional 37,771 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Louisiana-Pacific during the third quarter worth about $2,760,000. Finally, Acadian Asset Management LLC grew its stake in Louisiana-Pacific by 117.3% during the fourth quarter. Acadian Asset Management LLC now owns 1,775,627 shares of the construction company’s stock worth $46,625,000 after buying an additional 958,649 shares during the last quarter. 94.61% of the stock is currently owned by hedge funds and other institutional investors.

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Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structures, as well as light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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