Loop Capital Upgrades Louisiana-Pacific (NYSE:LPX) to "Buy"

Louisiana-Pacific (NYSE:LPX - Get Free Report) was upgraded by Loop Capital from a "hold" rating to a "buy" rating in a research note issued to investors on Wednesday, Marketbeat reports. The firm presently has a $110.00 price objective on the building manufacturing company's stock. Loop Capital's price objective suggests a potential upside of 21.33% from the stock's previous close.

LPX has been the topic of a number of other reports. BMO Capital Markets upped their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday, February 20th. Truist Financial dropped their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Royal Bank of Canada reissued an "outperform" rating and issued a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. TD Securities decreased their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research report on Thursday, February 20th. Finally, DA Davidson decreased their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $107.38.

Louisiana-Pacific Price Performance

Shares of LPX stock traded up $0.30 during trading hours on Wednesday, reaching $90.66. The company's stock had a trading volume of 1,045,084 shares, compared to its average volume of 719,079. Louisiana-Pacific has a fifty-two week low of $78.82 and a fifty-two week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm's 50 day simple moving average is $88.99 and its 200-day simple moving average is $102.67. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.42, a PEG ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its 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 firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company's revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.53 EPS. Sell-side analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Institutional Trading of Louisiana-Pacific

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of 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 during the last quarter. FMR LLC increased its position in Louisiana-Pacific by 17.1% in the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock worth $384,031,000 after buying an additional 540,703 shares during the last quarter. 59 North Capital Management LP raised its stake in shares of Louisiana-Pacific by 13.4% in the fourth quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company's stock valued at $205,322,000 after buying an additional 235,069 shares during the period. Eminence Capital LP lifted its position in shares of Louisiana-Pacific by 7.7% during the 4th quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company's stock valued at $149,641,000 after buying an additional 102,897 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its stake in shares of Louisiana-Pacific by 2.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company's stock worth $131,109,000 after acquiring an additional 24,285 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

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.