Louisiana-Pacific (LPX) Hits New 1-Year High and Low at $31.10

Louisiana-Pacific (NYSE:LPX)’s share price hit a new 52-week high and low during mid-day trading on Tuesday . The company traded as low as $31.10 and last traded at $30.95, with a volume of 623880 shares traded. The stock had previously closed at $30.40.

LPX has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research note on Tuesday, January 9th. Stephens set a $31.00 price target on shares of Louisiana-Pacific and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Bank of America upgraded shares of Louisiana-Pacific from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 24th. Scotiabank upped their price target on shares of Louisiana-Pacific from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research note on Wednesday, February 14th. Finally, DA Davidson upped their price target on shares of Louisiana-Pacific to $33.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $32.43.

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The company has a market capitalization of $4,349.94, a PE ratio of 13.35, a PEG ratio of 2.21 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 (NYSE:LPX) last issued its earnings results on Tuesday, February 13th. The construction company reported $0.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.15. Louisiana-Pacific had a return on equity of 24.05% and a net margin of 14.26%. The business had revenue of $710.60 million during the quarter, compared to analyst estimates of $654.26 million. During the same quarter in the previous year, the firm earned $0.23 EPS. Louisiana-Pacific’s revenue was up 29.2% on a year-over-year basis. equities analysts expect that Louisiana-Pacific will post 2.71 earnings per share for the current year.

In other Louisiana-Pacific news, Director Gary Cook sold 5,000 shares of the business’s stock in a transaction dated Wednesday, March 14th. The stock was sold at an average price of $28.58, for a total value of $142,900.00. Following the completion of the transaction, the director now owns 50,026 shares of the company’s stock, valued at approximately $1,429,743.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Neil Sherman sold 18,885 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $30.04, for a total value of $567,305.40. Following the completion of the transaction, the executive vice president now directly owns 62,770 shares of the company’s stock, valued at approximately $1,885,610.80. The disclosure for this sale can be found here. 0.50% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of LPX. Macquarie Group Ltd. purchased a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at about $265,000. Legal & General Group Plc increased its position in shares of Louisiana-Pacific by 13.4% during the 3rd quarter. Legal & General Group Plc now owns 126,430 shares of the construction company’s stock valued at $3,423,000 after purchasing an additional 14,942 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at about $355,000. California Public Employees Retirement System increased its position in shares of Louisiana-Pacific by 7.4% during the 3rd quarter. California Public Employees Retirement System now owns 319,466 shares of the construction company’s stock valued at $8,651,000 after purchasing an additional 22,066 shares during the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Louisiana-Pacific by 14.9% during the 3rd quarter. GSA Capital Partners LLP now owns 42,332 shares of the construction company’s stock valued at $1,146,000 after purchasing an additional 5,487 shares during the last quarter. 94.61% of the stock is owned by institutional investors and hedge funds.

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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.

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