Louisiana-Pacific (NYSE:LPX) Shares Gap Down to $92.13

Louisiana-Pacific Co. (NYSE:LPX) gapped down prior to trading on Monday . The stock had previously closed at $92.13, but opened at $88.89. Louisiana-Pacific shares last traded at $88.65, with a volume of 135,072 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LPX. TheStreet lowered Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. DA Davidson lifted their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, June 14th. Seaport Res Ptn lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating in a research note on Thursday, May 9th. Finally, Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $87.11.

Louisiana-Pacific Stock Down 0.2 %

The stock has a market cap of $6.36 billion, a P/E ratio of 24.36, a P/E/G ratio of 11.97 and a beta of 1.92. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $83.93 and its 200 day moving average is $75.98.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The company had revenue of $724.00 million for the quarter, compared to the consensus estimate of $686.84 million. During the same period last year, the business posted $0.34 earnings per share. The firm’s revenue was up 24.0% compared to the same quarter last year. As a group, equities research analysts forecast that Louisiana-Pacific Co. will post 5.79 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend was Tuesday, May 21st. Louisiana-Pacific’s dividend payout ratio is currently 28.57%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the transaction, the director now directly owns 23,501 shares in the company, valued at approximately $2,095,819.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in the company. Eminence Capital LP increased its position in shares of Louisiana-Pacific by 31.4% during the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock valued at $145,697,000 after purchasing an additional 491,641 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Louisiana-Pacific by 11.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after buying an additional 177,132 shares in the last quarter. Franklin Resources Inc. boosted its stake in Louisiana-Pacific by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock worth $80,465,000 after buying an additional 103,249 shares in the last quarter. Channing Capital Management LLC bought a new stake in Louisiana-Pacific in the 4th quarter valued at $73,662,000. Finally, Jacobs Levy Equity Management Inc. raised its stake in shares of Louisiana-Pacific by 6.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock valued at $77,660,000 after buying an additional 57,966 shares in the last quarter. Institutional investors and hedge funds 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.