Louisiana-Pacific (NYSE:LPX) Earns Buy Rating from DA Davidson

Louisiana-Pacific (NYSE:LPX - Get Free Report)'s stock had its "buy" rating reaffirmed by research analysts at DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $117.00 price objective on the building manufacturing company's stock. DA Davidson's price target suggests a potential upside of 56.31% from the company's current price.

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A number of other research firms have also recently commented on LPX. Royal Bank Of Canada lowered their target price on Louisiana-Pacific from $114.00 to $104.00 and set an "outperform" rating for the company in a research note on Thursday, November 6th. TD Securities dropped their target price on shares of Louisiana-Pacific from $97.00 to $91.00 and set a "hold" rating on the stock in a report on Thursday, November 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Vertical Research assumed coverage on shares of Louisiana-Pacific in a research note on Monday, October 20th. They set a "buy" rating on the stock. Finally, Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and a consensus price target of $106.33.

View Our Latest Stock Report on LPX

Louisiana-Pacific Trading Down 0.2%

Shares of NYSE:LPX traded down $0.14 on Thursday, hitting $74.85. The company had a trading volume of 246,938 shares, compared to its average volume of 772,512. The firm's 50-day simple moving average is $86.91 and its two-hundred day simple moving average is $90.18. The firm has a market capitalization of $5.21 billion, a price-to-earnings ratio of 17.66 and a beta of 1.80. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 1 year low of $73.42 and a 1 year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The company had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. During the same period in the previous year, the company earned $1.22 earnings per share. Louisiana-Pacific's quarterly revenue was down 8.2% on a year-over-year basis. Equities analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related news, Director Stephen E. Macadam acquired 3,200 shares of the firm's stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $78.06 per share, with a total value of $249,792.00. Following the completion of the acquisition, the director directly owned 41,149 shares of the company's stock, valued at approximately $3,212,090.94. This trade represents a 8.43% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Large investors have recently added to or reduced their stakes in the stock. CCM Investment Group LLC bought a new stake in Louisiana-Pacific during the first quarter valued at about $633,000. Sierra Summit Advisors LLC purchased a new position in Louisiana-Pacific in the 1st quarter worth approximately $511,000. Prudential PLC boosted its stake in Louisiana-Pacific by 27.2% in the 1st quarter. Prudential PLC now owns 44,829 shares of the building manufacturing company's stock worth $4,123,000 after purchasing an additional 9,581 shares during the period. American Century Companies Inc. grew its holdings in Louisiana-Pacific by 1.4% during the 1st quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company's stock valued at $48,353,000 after buying an additional 7,381 shares in the last quarter. Finally, Cetera Investment Advisers raised its position in shares of Louisiana-Pacific by 32.4% during the first quarter. Cetera Investment Advisers now owns 37,865 shares of the building manufacturing company's stock valued at $3,483,000 after buying an additional 9,262 shares during the last quarter. 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.

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