Louisiana-Pacific (NYSE:LPX) Lowered to Strong Sell Rating by Zacks Research

Zacks Research lowered shares of Louisiana-Pacific (NYSE:LPX) from a hold rating to a strong sell rating in a research report sent to investors on Monday,Zacks.com reports.

Several other research analysts have also commented on LPX. Weiss Ratings reissued a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a report on Thursday, September 25th. Vertical Research initiated coverage on Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating for the company. TD Securities dropped their price target on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Finally, Royal Bank Of Canada reduced their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $106.33.

Louisiana-Pacific Stock Down 0.3%

NYSE:LPX traded down $0.21 on Monday, reaching $77.52. 95,631 shares of the stock traded hands, compared to its average volume of 768,729. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 18.28 and a beta of 1.80. The company’s fifty day simple moving average is $89.42 and its 200 day simple moving average is $90.68. Louisiana-Pacific has a 12 month low of $76.25 and a 12 month high of $122.87. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the business earned $1.22 earnings per share. Equities analysts predict that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be issued a $0.28 dividend. The ex-dividend date is Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.4%. Louisiana-Pacific’s dividend payout ratio (DPR) is 36.25%.

Insiders Place Their Bets

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total transaction of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares of the company’s stock, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.42% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eminence Capital LP boosted its stake in shares of Louisiana-Pacific by 72.3% in the second quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock worth $248,291,000 after acquiring an additional 1,211,495 shares during the last quarter. 59 North Capital Management LP raised its holdings in Louisiana-Pacific by 7.2% in the second quarter. 59 North Capital Management LP now owns 2,808,369 shares of the building manufacturing company’s stock valued at $241,492,000 after acquiring an additional 189,726 shares in the last quarter. Valeo Financial Advisors LLC boosted its position in shares of Louisiana-Pacific by 33,243.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after acquiring an additional 2,581,023 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Louisiana-Pacific by 94.8% in the 2nd quarter. Invesco Ltd. now owns 1,028,250 shares of the building manufacturing company’s stock valued at $88,419,000 after purchasing an additional 500,449 shares during the last quarter. Finally, Palestra Capital Management LLC raised its holdings in shares of Louisiana-Pacific by 173.5% in the first quarter. Palestra Capital Management LLC now owns 911,621 shares of the building manufacturing company’s stock valued at $83,851,000 after buying an additional 578,248 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

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.