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

Louisiana-Pacific Corporation (NYSE:LPX)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as $66.12 and last traded at $68.2730, with a volume of 40231 shares trading hands. The stock had previously closed at $67.02.

Wall Street Analysts Forecast Growth

LPX has been the subject of a number of analyst reports. Weiss Ratings raised shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. DA Davidson reissued a “buy” rating and set a $114.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. Truist Financial reissued a “buy” rating and set a $93.00 target price (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday, May 8th. TD Securities raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Finally, TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 target price for the company in a research report on Thursday, May 7th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $97.25.

Louisiana-Pacific Trading Up 3.5%

The stock’s fifty day simple moving average is $73.46 and its 200-day simple moving average is $80.88. The firm has a market cap of $4.85 billion, a PE ratio of 58.64, a PEG ratio of 1.77 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.24. The business had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The business’s quarterly revenue was down 20.7% on a year-over-year basis. During the same quarter last year, the company posted $1.27 earnings per share. On average, sell-side analysts forecast that Louisiana-Pacific Corporation will post 2 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 101.69%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne M. Bruce sold 1,300 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. This trade represents a 7.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the firm’s stock in a transaction on Thursday, February 19th. The stock was bought at an average cost of $85.49 per share, with a total value of $1,709,800.00. Following the acquisition, the director owned 38,954 shares of the company’s stock, valued at approximately $3,330,177.46. The trade was a 105.52% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.65% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new position in shares of Louisiana-Pacific during the first quarter worth $25,000. Janus Henderson Group PLC raised its holdings in shares of Louisiana-Pacific by 19.7% during the first quarter. Janus Henderson Group PLC now owns 81,707 shares of the building manufacturing company’s stock worth $5,947,000 after purchasing an additional 13,468 shares during the last quarter. South Dakota Investment Council raised its holdings in shares of Louisiana-Pacific by 351.5% during the first quarter. South Dakota Investment Council now owns 97,832 shares of the building manufacturing company’s stock worth $7,117,000 after purchasing an additional 76,165 shares during the last quarter. Amundi raised its holdings in shares of Louisiana-Pacific by 311.0% during the first quarter. Amundi now owns 85,466 shares of the building manufacturing company’s stock worth $6,218,000 after purchasing an additional 64,671 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Louisiana-Pacific by 26.0% during the first quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.