Louisiana-Pacific (NYSE:LPX) Upgraded by Wall Street Zen to "Hold" Rating

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

Other research analysts have also recently issued research reports about the company. DA Davidson dropped their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a report on Wednesday, June 25th. Royal Bank Of Canada upped their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Loop Capital raised Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a report on Wednesday, May 7th. Finally, 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 report on Friday, July 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $106.13.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $89.86 on Friday. Louisiana-Pacific has a 12 month low of $78.82 and a 12 month high of $122.87. The stock has a market cap of $6.25 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 1.51 and a beta of 1.84. The stock's 50 day moving average price is $89.95 and its 200 day moving average price is $95.33. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59.

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

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the transaction, the director directly owned 18,838 shares in the company, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.42% of the company's stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Louisiana-Pacific by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after purchasing an additional 132,891 shares in the last quarter. FMR LLC grew its holdings in shares of Louisiana-Pacific by 17.1% during the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock valued at $384,031,000 after acquiring an additional 540,703 shares in the last quarter. 59 North Capital Management LP grew its holdings in shares of Louisiana-Pacific by 32.1% during the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company's stock valued at $240,863,000 after acquiring an additional 635,817 shares in the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Louisiana-Pacific by 33,243.5% during the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company's stock valued at $222,610,000 after acquiring an additional 2,581,023 shares in the last quarter. Finally, Eminence Capital LP grew its holdings in shares of Louisiana-Pacific by 16.0% during the 1st quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company's stock valued at $154,153,000 after acquiring an additional 230,837 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

About Louisiana-Pacific

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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