The Louisiana-Pacific Corp. (LPX) Issues Earnings Results

The Louisiana-Pacific Corp. (LPX) Issues  Earnings Results

Louisiana-Pacific Corp. (NYSE:LPX) released its quarterly earnings results on Monday. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.36 by $0.04. The company had revenue of $596 million for the quarter, compared to analysts’ expectations of $603.10 million. Louisiana-Pacific Corp. had a return on equity of 3.29% and a net margin of 0.39%. During the same period in the previous year, the business posted ($0.12) EPS.

Louisiana-Pacific Corp. (NYSE:LPX) opened at 17.50 on Monday. The firm has a market cap of $2.49 billion, a PE ratio of 318.18 and a beta of 1.37. Louisiana-Pacific Corp. has a one year low of $13.31 and a one year high of $20.97. The company has a 50-day moving average price of $18.80 and a 200-day moving average price of $18.54.

Several equities analysts have weighed in on LPX shares. Dundee Securities raised Louisiana-Pacific Corp. from a “neutral” rating to a “buy” rating in a research report on Thursday, July 21st. BMO Capital Markets downgraded Louisiana-Pacific Corp. from an “outperform” rating to a “market perform” rating and set a $20.00 price target for the company. in a research report on Monday, August 8th. They noted that the move was a valuation call. TheStreet raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Vertical Research raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. Finally, Vertical Group raised Louisiana-Pacific Corp. from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.25.

In other Louisiana-Pacific Corp. news, SVP Neil Sherman sold 13,397 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $20.00, for a total value of $267,940.00. Following the completion of the sale, the senior vice president now directly owns 45,025 shares in the company, valued at $900,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.76% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in LPX. Pacad Investment Ltd. bought a new position in Louisiana-Pacific Corp. during the second quarter valued at about $116,000. Stevens Capital Management LP bought a new position in Louisiana-Pacific Corp. during the second quarter valued at about $182,000. Capstone Investment Advisors LLC bought a new position in Louisiana-Pacific Corp. during the second quarter valued at about $298,000. State of Tennessee Treasury Department bought a new position in Louisiana-Pacific Corp. during the second quarter valued at about $347,000. Finally, Thrivent Financial for Lutherans boosted its position in Louisiana-Pacific Corp. by 9.4% in the second quarter. Thrivent Financial for Lutherans now owns 20,300 shares of the company’s stock valued at $352,000 after buying an additional 1,750 shares in the last quarter.

About Louisiana-Pacific Corp.

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