Louisiana-Pacific Corporation (LPX) Hits New 12-Month High at $27.98

Louisiana-Pacific Corporation (NYSE:LPX) reached a new 52-week high during trading on Thursday . The company traded as high as $27.98 and last traded at $28.02, with a volume of 692,431 shares trading hands. The stock had previously closed at $27.84.

A number of research firms have commented on LPX. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research report on Tuesday, July 11th. Royal Bank Of Canada restated a “buy” rating and issued a $32.00 target price on shares of Louisiana-Pacific Corporation in a research report on Wednesday, September 6th. BidaskClub downgraded Louisiana-Pacific Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. BMO Capital Markets restated a “hold” rating and issued a $22.00 target price on shares of Louisiana-Pacific Corporation in a research report on Thursday, July 27th. Finally, ValuEngine upgraded Louisiana-Pacific Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, May 25th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $27.00.

The stock has a market cap of $4.04 billion, a PE ratio of 15.89 and a beta of 1.27. The stock’s 50 day moving average is $25.11 and its 200-day moving average is $24.59.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The firm had revenue of $694.00 million during the quarter, compared to analyst estimates of $700.73 million. During the same quarter in the previous year, the business posted $0.28 EPS. Louisiana-Pacific Corporation’s revenue was up 19.2% compared to the same quarter last year. Analysts forecast that Louisiana-Pacific Corporation will post $2.01 earnings per share for the current fiscal year.

In other Louisiana-Pacific Corporation news, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total value of $158,869.26. Following the transaction, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at $1,123,612.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction dated Thursday, September 14th. The shares were sold at an average price of $27.00, for a total value of $138,456.00. Following the completion of the transaction, the insider now directly owns 7,305 shares in the company, valued at $197,235. The disclosure for this sale can be found here. 1.48% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. WFG Advisors LP raised its position in Louisiana-Pacific Corporation by 12.0% in the second quarter. WFG Advisors LP now owns 13,950 shares of the construction company’s stock valued at $336,000 after purchasing an additional 1,500 shares during the period. Dynamic Technology Lab Private Ltd raised its position in Louisiana-Pacific Corporation by 85.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 25,598 shares of the construction company’s stock valued at $617,000 after purchasing an additional 11,825 shares during the period. Public Employees Retirement System of Ohio raised its position 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 purchasing an additional 56 shares during the period. BW Gestao de Investimentos Ltda. purchased a new position in Louisiana-Pacific Corporation in the second quarter valued at about $8,439,000. Finally, Sterling Capital Management LLC raised its position in Louisiana-Pacific Corporation by 9.5% in the second quarter. Sterling Capital Management LLC now owns 35,940 shares of the construction company’s stock valued at $867,000 after purchasing an additional 3,104 shares during the period. 91.10% of the stock is currently owned by institutional investors.

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Louisiana-Pacific Corporation Company Profile

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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