Louisiana-Pacific (NYSE:LPX) Given "Hold (C)" Rating at Weiss Ratings

Key Points

• Louisiana-Pacific's stock received a "hold (c)" rating from Weiss Ratings, while DA Davidson maintained a "buy" rating with a target price of $117.00.
• The company reported earnings of $0.99 per share for the last quarter, surpassing expectations of $0.97, despite experiencing a year-over-year revenue decline of 7.2%.
• Hedge funds own 94.73% of Louisiana-Pacific's stock, with recent purchases from multiple investment firms indicating increased interest in the company.

Louisiana-Pacific (NYSE:LPX - Get Free Report)'s stock had its "hold (c)" rating reaffirmed by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other brokerages have also issued reports on LPX. DA Davidson reiterated a "buy" rating and set a $117.00 target price on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Truist Financial dropped their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 11th. Finally, Wall Street Zen lowered shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $110.57.

Louisiana-Pacific Trading Up 0.4%

Shares of Louisiana-Pacific stock opened at $90.29 on Wednesday. Louisiana-Pacific has a 1 year low of $78.82 and a 1 year high of $122.87. The firm has a market cap of $6.29 billion, a PE ratio of 21.29, a PEG ratio of 2.07 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The company has a 50 day simple moving average of $93.09 and a two-hundred day simple moving average of $90.63.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. During the same period in the previous year, the business posted $2.09 earnings per share. Louisiana-Pacific's revenue for the quarter was down 7.2% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the transaction, the director directly owned 29,728 shares of the company's stock, valued at $3,002,528. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Chung Wu Investment Group LLC purchased a new position in shares of Louisiana-Pacific in the second quarter worth $26,000. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific during the 2nd quarter valued at $26,000. Mid American Wealth Advisory Group Inc. purchased a new position in Louisiana-Pacific during the 2nd quarter valued at $34,000. RMG Wealth Management LLC purchased a new position in Louisiana-Pacific during the 2nd quarter valued at $44,000. Finally, UMB Bank n.a. increased its position in Louisiana-Pacific by 76.1% during the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after purchasing an additional 242 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

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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