Louisiana-Pacific Corporation (NYSE:LPX) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Louisiana-Pacific Corporation (NYSE:LPX) from a strong-buy rating to a hold rating in a research report report published on Friday, July 21st.

According to Zacks, “Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana-Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding. “

Several other analysts also recently weighed in on LPX. Vertical Research downgraded Louisiana-Pacific Corporation from a buy rating to a hold rating in a research note on Tuesday, April 11th. BidaskClub upgraded Louisiana-Pacific Corporation from a hold rating to a buy rating in a research note on Thursday, June 22nd. Royal Bank Of Canada restated a buy rating and issued a $32.00 target price on shares of Louisiana-Pacific Corporation in a research note on Tuesday, May 23rd. ValuEngine upgraded Louisiana-Pacific Corporation from a hold rating to a buy rating in a research note on Thursday, May 25th. Finally, DA Davidson downgraded Louisiana-Pacific Corporation from a buy rating to a neutral rating in a research note on Monday, May 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Louisiana-Pacific Corporation presently has an average rating of Hold and a consensus price target of $27.00.

Louisiana-Pacific Corporation (LPX) traded up 1.52% during mid-day trading on Friday, reaching $24.08. 2,082,900 shares of the company’s stock traded hands. The stock has a market cap of $3.49 billion, a P/E ratio of 13.71 and a beta of 1.34. The company has a 50 day moving average price of $24.68 and a 200-day moving average price of $24.10. Louisiana-Pacific Corporation has a 12 month low of $17.08 and a 12 month high of $26.93.

Louisiana-Pacific Corporation (NYSE:LPX) last released its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by $0.03. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The company had revenue of $694 million during the quarter, compared to the consensus estimate of $700.73 million. During the same period in the previous year, the firm posted $0.28 earnings per share. The company’s revenue was up 19.2% on a year-over-year basis. On average, analysts anticipate that Louisiana-Pacific Corporation will post $1.90 EPS for the current year.

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Several institutional investors have recently made changes to their positions in LPX. Alps Advisors Inc. boosted its stake in Louisiana-Pacific Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock valued at $489,000 after buying an additional 52 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Louisiana-Pacific Corporation by 0.5% in the second quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock valued at $278,000 after buying an additional 54 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Louisiana-Pacific Corporation by 1.0% in the second quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after buying an additional 56 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Louisiana-Pacific Corporation by 0.8% in the first quarter. Acrospire Investment Management LLC now owns 7,741 shares of the construction company’s stock valued at $192,000 after buying an additional 60 shares in the last quarter. Finally, Creative Planning boosted its stake in Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after buying an additional 147 shares in the last quarter. 93.94% of the stock is owned by institutional investors and hedge funds.

About Louisiana-Pacific Corporation

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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