Louisiana-Pacific (NYSE:LPX) Stock Sees Unusually High Put Option Buying

Louisiana-Pacific Corporation (NYSE:LPX – Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock investors bought 10,002 put options on the stock. This is an increase of 2,143% compared to the average daily volume of 446 put options.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Jefferies Financial Group started coverage on Louisiana-Pacific in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 target price on the stock. TD upped their price target on Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group dropped their price objective on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a report on Monday. Finally, Wolfe Research assumed coverage on Louisiana-Pacific in a research report on Thursday, September 10th. They issued an “outperform” rating and a $90.00 price objective on the stock. Twelve analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.50.

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Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Diversified Management Inc. purchased a new position in Louisiana-Pacific during the 3rd quarter valued at about $1,811,000. Farther Finance Advisors LLC grew its holdings in Louisiana-Pacific by 7.0% in the third quarter. Farther Finance Advisors LLC now owns 3,928 shares of the building manufacturing company’s stock worth $254,000 after purchasing an additional 257 shares during the period. Steph & Co. purchased a new stake in Louisiana-Pacific in the third quarter worth about $68,000. Moody National Bank Trust Division increased its stake in shares of Louisiana-Pacific by 14.9% during the third quarter. Moody National Bank Trust Division now owns 22,981 shares of the building manufacturing company’s stock valued at $1,483,000 after purchasing an additional 2,975 shares in the last quarter. Finally, WINTON GROUP Ltd increased its stake in shares of Louisiana-Pacific by 42.8% during the second quarter. WINTON GROUP Ltd now owns 9,443 shares of the building manufacturing company’s stock valued at $743,000 after purchasing an additional 2,831 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Up 0.7%

LPX stock traded up $0.48 during midday trading on Tuesday, hitting $66.41. The stock had a trading volume of 367,423 shares, compared to its average volume of 1,137,279. The firm has a market cap of $4.64 billion, a price-to-earnings ratio of 84.07, a price-to-earnings-growth ratio of 10.02 and a beta of 1.63. The business has a 50-day moving average of $69.34 and a two-hundred day moving average of $72.33. Louisiana-Pacific has a 52-week low of $62.18 and a 52-week high of $100.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $664.00 million during the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%. Louisiana-Pacific’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. As a group, equities research analysts forecast that Louisiana-Pacific will post 1.08 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

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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