Louisiana-Pacific (NYSE:LPX) Stock Rating Lowered by Wall Street Zen

Louisiana-Pacific (NYSE:LPX - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a note issued to investors on Friday.

A number of other brokerages have also recently weighed in on LPX. Truist Financial dropped their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a report on Wednesday, May 7th. DA Davidson reduced their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Finally, Royal Bank Of Canada raised their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $106.13.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded down $1.12 during trading hours on Friday, hitting $87.44. The stock had a trading volume of 382,304 shares, compared to its average volume of 686,700. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. The stock's fifty day simple moving average is $90.51 and its 200 day simple moving average is $95.90. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.50 and a beta of 1.84. Louisiana-Pacific has a 1-year low of $78.82 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The company had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The business's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.53 EPS. Sell-side analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the company's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the completion of the sale, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.42% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its holdings in Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after purchasing an additional 242 shares during the last quarter. Beacon Capital Management LLC grew its stake in shares of Louisiana-Pacific by 570.6% in the second quarter. Beacon Capital Management LLC now owns 684 shares of the building manufacturing company's stock valued at $59,000 after acquiring an additional 582 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after purchasing an additional 305 shares during the period. GeoWealth Management LLC increased its stake in Louisiana-Pacific by 1,184.9% during the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after acquiring an additional 865 shares during the period. Finally, Covestor Ltd increased its position in shares of Louisiana-Pacific by 142.6% in the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after purchasing an additional 613 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.