Louisiana-Pacific (NYSE:LPX) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Louisiana-Pacific (NYSE:LPX) from a hold rating to a buy rating in a research report sent to investors on Thursday.

LPX has been the subject of several other research reports. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an outperform rating in a research report on Thursday, August 8th. BMO Capital Markets lowered shares of Louisiana-Pacific from an outperform rating to a market perform rating and set a $99.00 price target for the company. in a research report on Thursday, August 8th. Seaport Res Ptn lowered shares of Louisiana-Pacific from a buy rating to a neutral rating in a research report on Thursday, May 9th. DA Davidson upped their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a buy rating in a report on Friday, June 14th. Finally, TD Securities upped their price objective on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the stock a hold rating in a report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $94.88.

Louisiana-Pacific Stock Down 1.2 %

LPX stock opened at $92.16 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $101.89. The firm has a fifty day moving average price of $91.82 and a two-hundred day moving average price of $85.24. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 0.62 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.55 earnings per share. Research analysts predict that Louisiana-Pacific will post 5.05 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s payout ratio is 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The disclosure for this sale can be found here. In the last three months, insiders sold 36,991 shares of company stock valued at $3,443,269. 1.26% of the stock is owned by insiders.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently bought and sold shares of LPX. International Assets Investment Management LLC acquired a new stake in Louisiana-Pacific during the 4th quarter worth about $4,254,000. Van ECK Associates Corp raised its holdings in Louisiana-Pacific by 4.8% during the 4th quarter. Van ECK Associates Corp now owns 17,767 shares of the building manufacturing company’s stock worth $1,258,000 after buying an additional 812 shares during the period. Natixis Advisors L.P. raised its holdings in Louisiana-Pacific by 56.8% during the 4th quarter. Natixis Advisors L.P. now owns 26,219 shares of the building manufacturing company’s stock worth $1,857,000 after buying an additional 9,495 shares during the period. Metis Global Partners LLC acquired a new stake in Louisiana-Pacific during the 4th quarter worth about $215,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Louisiana-Pacific by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 484,289 shares of the building manufacturing company’s stock worth $34,302,000 after buying an additional 19,736 shares during the period. Institutional investors and hedge funds 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.