Louisiana-Pacific (NYSE:LPX) Reaches New 1-Year Low – Here’s Why

Louisiana-Pacific Corporation (NYSE:LPX)’s stock price reached a new 52-week low during trading on Tuesday . The stock traded as low as $65.00 and last traded at $64.8210, with a volume of 201033 shares traded. The stock had previously closed at $66.79.

Wall Street Analysts Forecast Growth

LPX has been the topic of several recent research reports. Weiss Ratings raised shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Bank of America boosted their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Wolfe Research began coverage on Louisiana-Pacific in a report on Thursday, September 10th. They issued an “outperform” rating and a $90.00 target price on the stock. Finally, Jefferies Financial Group started coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They set a “buy” rating and a $93.00 target price on the stock. Twelve analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $93.67.

Louisiana-Pacific Price Performance

The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average is $72.41 and its two-hundred day moving average is $74.04. The company has a market capitalization of $4.53 billion, a P/E ratio of 82.09, a price-to-earnings-growth ratio of 9.52 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The firm had revenue of $664.00 million during the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The company’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, analysts predict that Louisiana-Pacific Corporation will post 1.17 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

Institutional Trading of Louisiana-Pacific

A number of hedge funds have recently bought and sold shares of LPX. Western Wealth Management LLC bought a new position in Louisiana-Pacific in the 1st quarter valued at $25,000. Parallel Advisors LLC raised its stake in shares of Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after purchasing an additional 255 shares during the period. Root Financial Partners LLC boosted its holdings in shares of Louisiana-Pacific by 177.6% in the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares during the last quarter. Whittier Trust Co. grew its position in Louisiana-Pacific by 138.1% during the first quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 290 shares during the period. Finally, Meeder Asset Management Inc. increased its holdings in Louisiana-Pacific by 1,505.4% during the first quarter. Meeder Asset Management Inc. now owns 594 shares of the building manufacturing company’s stock worth $43,000 after buying an additional 557 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, operating as LP Building Solutions, manufactures building products used in residential, repair and remodeling, and commercial construction. Its portfolio includes oriented strand board (OSB) structural panels, siding, trim, and related engineered wood products designed for walls, roofs, floors, and exterior applications.

The company’s principal brands include LP SmartSide siding and trim, which are engineered wood products for residential and light-commercial exteriors, and LP Structural Solutions products, including OSB panels and specialty sheathing.