Louisiana-Pacific (NYSE:LPX) Earns Buy Rating from Analysts at Vertical Research

Key Points

• Vertical Research has initiated coverage of Louisiana-Pacific, assigning a "buy" rating to the company's stock.
• Louisiana-Pacific's average rating from analysts is currently a "Hold" with a consensus target price of $110.57.
• The company reported $0.99 earnings per share for the last quarter, exceeding estimates, but revenue decreased by 7.2% compared to the previous year.

Vertical Research began coverage on shares of Louisiana-Pacific (NYSE:LPX - Get Free Report) in a research note issued on Monday. The brokerage set a "buy" rating on the building manufacturing company's stock.

LPX has been the subject of a number of other research reports. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Zacks Research raised Louisiana-Pacific from a "strong sell" rating to a "hold" rating in a research note on Friday, October 10th. Truist Financial decreased their target price on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research note on Friday, July 11th. DA Davidson reiterated a "buy" rating and issued a $117.00 target price on shares of Louisiana-Pacific in a report on Thursday, September 25th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Louisiana-Pacific currently has an average rating of "Hold" and a consensus target price of $110.57.

Louisiana-Pacific Trading Up 0.7%

Shares of LPX stock traded up $0.63 on Monday, reaching $90.77. 210,731 shares of the stock were exchanged, compared to its average volume of 757,040. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.32 billion, a P/E ratio of 21.46, a price-to-earnings-growth ratio of 2.06 and a beta of 1.80. The firm has a 50 day moving average of $92.90 and a two-hundred day moving average of $90.50. 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 earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The firm had revenue of $755.00 million for the quarter, compared to analysts' expectations of $751.15 million. During the same quarter last year, the firm earned $2.09 earnings per share. The firm's revenue for the quarter was down 7.2% compared to the same quarter last year. On average, research analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current year.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the firm's stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the sale, the director directly owned 29,728 shares in the company, valued at approximately $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.42% of the company's stock.

Institutional Trading of Louisiana-Pacific

A number of hedge funds have recently modified their holdings of LPX. State of Alaska Department of Revenue increased its position in shares of Louisiana-Pacific by 2.7% in the 1st quarter. State of Alaska Department of Revenue now owns 7,325 shares of the building manufacturing company's stock valued at $673,000 after buying an additional 195 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Louisiana-Pacific in the 1st quarter valued at approximately $317,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Louisiana-Pacific by 12.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,482 shares of the building manufacturing company's stock worth $320,000 after purchasing an additional 396 shares in the last quarter. Moran Wealth Management LLC increased its stake in Louisiana-Pacific by 4.7% in the 1st quarter. Moran Wealth Management LLC now owns 6,447 shares of the building manufacturing company's stock valued at $593,000 after buying an additional 289 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Louisiana-Pacific by 18.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company's stock valued at $12,486,000 after acquiring an additional 21,462 shares in the last quarter. 94.73% of the stock is currently 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.

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