Louisiana-Pacific (NYSE:LPX) Upgraded at StockNews.com

Louisiana-Pacific (NYSE:LPX) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Other equities analysts have also issued research reports about the company. TD Securities boosted their price objective on Louisiana-Pacific from $87.00 to $90.00 and gave the stock a “hold” rating in a research note on Thursday. DA Davidson boosted their price objective on Louisiana-Pacific from $90.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen reissued a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, BMO Capital Markets boosted their price objective on Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $83.89.

Louisiana-Pacific Price Performance

LPX stock traded down $1.18 during trading on Thursday, hitting $86.96. The company had a trading volume of 2,509,718 shares, compared to its average volume of 931,555. The company has a fifty day moving average price of $77.67 and a two-hundred day moving average price of $69.39. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The company has a market cap of $6.29 billion, a P/E ratio of 35.49 and a beta of 1.87. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $88.40.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating the consensus estimate of $1.13 by $0.40. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. Louisiana-Pacific’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.34 EPS. Equities research analysts expect that Louisiana-Pacific will post 4.89 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Retirement Systems of Alabama increased its holdings in shares of Louisiana-Pacific by 0.3% in the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after acquiring an additional 220 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Louisiana-Pacific by 1.4% in the third quarter. Arizona State Retirement System now owns 18,461 shares of the building manufacturing company’s stock worth $1,020,000 after acquiring an additional 255 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in shares of Louisiana-Pacific by 1.0% in the fourth quarter. Treasurer of the State of North Carolina now owns 28,499 shares of the building manufacturing company’s stock worth $2,019,000 after acquiring an additional 280 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Louisiana-Pacific by 0.5% in the first quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company’s stock worth $5,027,000 after acquiring an additional 285 shares in the last quarter. Finally, LifeSteps Financial Inc. bought a new stake in shares of Louisiana-Pacific in the first quarter worth about $25,000. Institutional investors own 94.73% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.