Louisiana-Pacific Co. (NYSE:LPX – Get Rating) shares have received a consensus rating of “Hold” from the seven analysts currently covering the company, reports Marketbeat. One research analyst has rated the stock with a sell rating, three have given it a hold rating and two have given it a buy rating. The average 1-year target price among brokers who have issued a report on the stock in the last year is $66.50.
A number of research companies have recently commented on LPX. Bank of America downgraded Louisiana-Pacific to an underperform rating from a “neutral” rating and lowered its price target on the stock from $64.00 to 56 in a research report Tuesday, September 20. $00. DA Davidson raised its target price on Louisiana-Pacific to $70.00 in a report on Monday, August 15. StockNews.com began coverage of Louisiana-Pacific in a research report on Wednesday, October 12th. You give the stock a “hold” rating. Finally, TD Securities lowered its price target on Louisiana-Pacific to $69.00 from $70.00 and gave the stock a “buy” rating in a research report on Wednesday, November 2nd.
Institutional Trade of Louisiana-Pacific
Several institutional investors recently changed their holdings in the company. SG Americas Securities LLC increased its ownership of Louisiana-Pacific stock by 343.8% during the first quarter. SG Americas Securities LLC now owns 26,378 shares of the construction company’s stock valued at $1,639,000 after purchasing an additional 20,434 shares last quarter. Mutual of America Capital Management LLC increased its position in Louisiana-Pacific stocks by 1.8% during the first quarter. Mutual of America Capital Management LLC now owns 80,235 shares of the construction company’s stock valued at $4,984,000 after purchasing an additional 1,451 shares during the period. CENTRAL TRUST Co increased its position in Louisiana-Pacific stocks by 189.0% during the first quarter. CENTRAL TRUST Co now owns 1,445 shares of the construction company, valued at $90,000, having purchased an additional 945 shares during the period. New Jersey State’s Common Pension Fund D increased its holdings in Louisiana-Pacific by 9.6% in the first quarter. New Jersey State’s Common Pension Fund D now owns 49,756 shares of the construction company, valued at $3,091,000, after purchasing an additional 4,360 shares last quarter. Finally, Harvest Investment Services LLC increased its stake in Louisiana-Pacific shares by 24.9% during the first quarter. Harvest Investment Services LLC now owns 21,022 shares of the construction company valued at $1,305,000 after purchasing an additional 4,186 shares during the period. Institutional investors and hedge funds own 91.07% of the company’s shares.
Stock Performance Louisiana Pacific
LPX shares opened at $61.66 on Friday. The company has a market cap of $4.42 billion, a price-to-earnings ratio of 3.96 and a beta of 1.61. The stock has a 50-day simple moving average of $54.87 and a 200-day simple moving average of $58.95. Louisiana-Pacific has a 12-month low of $48.20 and a 12-month high of $79.77. The company has a current ratio of 2.33, a quick ratio of 1.54 and a debt-to-equity ratio of 0.25.
Louisiana-Pacific announces dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 1st. Shareholders of record on Wednesday, November 9 will receive a dividend of $0.22. The ex-dividend date of this dividend is Tuesday November 8th. That equates to an annualized dividend of $0.88 and a dividend yield of 1.43%. Louisiana-Pacific’s RTP is 5.65%.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new construction, repair and remodeling, and exterior structures. It operates through four segments: Siding; Oriented Strand Board (OSB) boards; wood-based materials (EWP); and South America.
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