Wolfe Research started coverage on shares of Louisiana-Pacific (NYSE:LPX – Get Free Report) in a research report issued on Thursday, Briefing.com reports. The firm set an “outperform” rating and a $90.00 price target on the building manufacturing company’s stock. Wolfe Research’s price objective indicates a potential upside of 33.15% from the company’s current price.
Other research analysts have also issued reports about the stock. Jefferies Financial Group started coverage on shares of Louisiana-Pacific in a report on Tuesday, June 23rd. They set a “buy” rating and a $93.00 price objective for the company. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Barclays reduced their price target on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Finally, Bank of America boosted their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Twelve equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $93.67.
Check Out Our Latest Stock Analysis on Louisiana-Pacific
Louisiana-Pacific Stock Performance
Louisiana-Pacific (NYSE:LPX – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The company had revenue of $664.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The firm’s quarterly revenue was down 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 EPS. On average, analysts expect that Louisiana-Pacific will post 1.17 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of LPX. Berkshire Hathaway Inc bought a new stake in shares of Louisiana-Pacific during the 2nd quarter valued at about $445,593,000. Jefferies Financial Group Inc. bought a new position in Louisiana-Pacific in the fourth quarter worth about $14,472,000. Geode Capital Management LLC lifted its holdings in Louisiana-Pacific by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock worth $93,735,000 after acquiring an additional 18,287 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Louisiana-Pacific by 20.5% in the first quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock valued at $36,219,000 after acquiring an additional 84,661 shares during the period. Finally, Thrivent Financial for Lutherans boosted its stake in Louisiana-Pacific by 2,547.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 385,416 shares of the building manufacturing company’s stock valued at $31,126,000 after acquiring an additional 370,856 shares during the period. 94.73% of the stock is currently owned by institutional investors.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.
Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.
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