Louisiana-Pacific Corporation’s (LPX) Neutral Rating Reiterated at Longbow Research

Longbow Research reissued their neutral rating on shares of Louisiana-Pacific Corporation (NYSE:LPX) in a report published on Tuesday.

A number of other research analysts also recently weighed in on LPX. BidaskClub upgraded Louisiana-Pacific Corporation from a sell rating to a hold rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded Louisiana-Pacific Corporation from a hold rating to a buy rating and set a $27.00 price target for the company in a research note on Tuesday, July 11th. BMO Capital Markets restated a hold rating and issued a $22.00 price target on shares of Louisiana-Pacific Corporation in a research note on Thursday, July 27th. Finally, Royal Bank Of Canada restated a buy rating and issued a $32.00 price target on shares of Louisiana-Pacific Corporation in a research note on Wednesday, September 6th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $28.40.

Louisiana-Pacific Corporation (NYSE:LPX) last posted its quarterly earnings results on Tuesday, August 1st. The construction company reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.03). The company had revenue of $694.00 million during the quarter, compared to the consensus estimate of $700.73 million. Louisiana-Pacific Corporation had a net margin of 10.50% and a return on equity of 17.13%. The firm’s revenue for the quarter was up 19.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.28 earnings per share.

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In other Louisiana-Pacific Corporation news, insider Rebecca Anne Barckley sold 5,128 shares of the firm’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $27.00, for a total transaction of $138,456.00. Following the transaction, the insider now owns 7,305 shares in the company, valued at approximately $197,235. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Michael Sims sold 5,871 shares of the firm’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $27.06, for a total value of $158,869.26. Following the transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $1,123,612.38. The disclosure for this sale can be found here. 1.48% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of LPX. Alps Advisors Inc. increased its stake in shares of Louisiana-Pacific Corporation by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 20,264 shares of the construction company’s stock valued at $489,000 after purchasing an additional 52 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Louisiana-Pacific Corporation by 0.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 11,534 shares of the construction company’s stock valued at $278,000 after purchasing an additional 54 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Louisiana-Pacific Corporation by 1.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,798 shares of the construction company’s stock valued at $140,000 after purchasing an additional 56 shares during the last quarter. Creative Planning increased its stake in shares of Louisiana-Pacific Corporation by 1.9% in the 2nd quarter. Creative Planning now owns 7,773 shares of the construction company’s stock valued at $187,000 after purchasing an additional 147 shares during the last quarter. Finally, Affinity Wealth Management increased its stake in shares of Louisiana-Pacific Corporation by 1.9% in the 2nd quarter. Affinity Wealth Management now owns 9,653 shares of the construction company’s stock valued at $233,000 after purchasing an additional 183 shares during the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.

Louisiana-Pacific Corporation Company Profile

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

Analyst Recommendations for Louisiana-Pacific Corporation (NYSE:LPX)

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