Louisiana-Pacific (NYSE:LPX) Sets New 12-Month Low – Here’s Why

Shares of Louisiana-Pacific Corporation (NYSE:LPX – Get Free Report) hit a new 52-week low on Thursday. The company traded as low as $63.29 and last traded at $63.0490, with a volume of 29935 shares trading hands. The stock had previously closed at $64.55.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LPX. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 30th. Truist Financial cut their price objective on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group initiated coverage on Louisiana-Pacific in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective on the stock. Barclays decreased their target price on Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, TD boosted their target price on Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Twelve investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Moderate Buy” and an average target price of $93.67.

Read Our Latest Stock Analysis on Louisiana-Pacific

Louisiana-Pacific Trading Down 3.0%

The company’s fifty day moving average is $70.67 and its two-hundred day moving average is $72.82. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 79.01, a PEG ratio of 9.31 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The firm had revenue of $664.00 million for the quarter, compared to analyst estimates of $667.31 million. During the same quarter last year, the firm earned $0.99 EPS. The company’s revenue was down 12.1% on a year-over-year basis. On average, research analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 14th. Louisiana-Pacific’s payout ratio is 151.90%.

Hedge Funds Weigh In On Louisiana-Pacific

Large investors have recently bought and sold shares of the business. Western Wealth Management LLC purchased a new position in Louisiana-Pacific in the first quarter valued at $25,000. Parallel Advisors LLC lifted its holdings in Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after buying an additional 255 shares during the last quarter. Root Financial Partners LLC boosted its position in shares of Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after acquiring an additional 277 shares in the last quarter. Whittier Trust Co. boosted its position in shares of Louisiana-Pacific by 138.1% during the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 290 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in shares of Louisiana-Pacific by 1,505.4% in the 1st quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company’s stock valued at $43,000 after acquiring an additional 557 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About Louisiana-Pacific

(Get Free Report)

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential and light commercial construction. The company’s portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.

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