Louisiana-Pacific Corporation (NYSE:LPX) Downgraded by Zacks Investment Research

Louisiana-Pacific Corporation (NYSE:LPX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, August 5th.

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 equities analysts have also recently weighed in on LPX. BidaskClub raised shares of Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $26.00 target price on shares of Louisiana-Pacific Corporation in a research note on Tuesday, April 18th. DA Davidson lowered shares of Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating in a research report on Monday, May 8th. TD Securities reiterated a “hold” rating on shares of Louisiana-Pacific Corporation in a research report on Tuesday, May 9th. Finally, Buckingham Research lowered shares of Louisiana-Pacific Corporation from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a research report on Wednesday, April 12th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. Louisiana-Pacific Corporation presently has an average rating of “Hold” and an average price target of $27.00.

Shares of Louisiana-Pacific Corporation (NYSE LPX) traded up 1.52% on Friday, reaching $24.08. 2,082,900 shares of the company’s stock traded hands. Louisiana-Pacific Corporation has a 52-week low of $17.08 and a 52-week high of $26.93. The firm’s 50-day moving average is $24.68 and its 200-day moving average is $24.10. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 13.71 and a beta of 1.34.

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

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A number of large investors have recently made changes to their positions in LPX. Alps Advisors Inc. raised its stake in shares of Louisiana-Pacific Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock worth $489,000 after buying an additional 52 shares during the last quarter. Teacher Retirement System of Texas raised its stake in shares of 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 worth $278,000 after buying an additional 54 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of 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 worth $140,000 after buying an additional 56 shares during the last quarter. Acrospire Investment Management LLC raised its stake in shares of 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 worth $192,000 after buying an additional 60 shares during the last quarter. Finally, Creative Planning increased its position in Louisiana-Pacific Corporation by 1.9% in the second quarter. Creative Planning now owns 7,773 shares of the construction company’s stock worth $187,000 after buying an additional 147 shares during the period. Institutional investors own 93.94% of the company’s stock.

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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