Louisiana-Pacific (NYSE:LPX) Shares Break Above Two Hundred Day Moving Average – What’s Next?

Shares of Louisiana-Pacific Corporation (NYSE:LPX) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $75.34 and traded as high as $75.60. Louisiana-Pacific shares last traded at $75.4310, with a volume of 2,394,571 shares trading hands.

Key Louisiana-Pacific News

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: Louisiana-Pacific reported Q3 earnings of $0.39 per share, well above the $0.21 consensus estimate, and revenue of $690 million, ahead of the $671.3 million expected and up 4.2% year over year. Record siding sales of $473 million provided another encouraging data point. The earnings beat is the primary positive catalyst for LPX shares. Louisiana-Pacific beats Q3 earnings and revenue estimates
• Positive Sentiment: Royal Bank of Canada raised its price target from $84 to $85 and reiterated an “outperform” rating, signaling continued confidence in the shares. RBC stock recommendations
• Negative Sentiment: Barclays cut its target from $88 to $86, and Truist lowered its target from $89 to $84. Both firms maintained positive ratings—“overweight” and “buy,” respectively—but the reductions temper the outlook and suggest more measured expectations. Truist trims its Louisiana-Pacific price target

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LPX. Barclays cut their target price on Louisiana-Pacific from $88.00 to $86.00 and set an “overweight” rating on the stock in a research note on Wednesday. DA Davidson reaffirmed a “buy” rating and issued a $99.00 price target on shares of Louisiana-Pacific in a research note on Wednesday, September 2nd. Royal Bank Of Canada increased their price objective on shares of Louisiana-Pacific from $84.00 to $85.00 and gave the company an “outperform” rating in a research report on Wednesday. Bank of America decreased their price target on shares of Louisiana-Pacific from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. Finally, 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. Eleven equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.50.

Louisiana-Pacific Stock Performance

The stock’s fifty day simple moving average is $68.67 and its 200 day simple moving average is $75.18. The company has a current ratio of 2.75, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The company has a market cap of $5.51 billion, a price-to-earnings ratio of 61.49, a P/E/G ratio of 5.74 and a beta of 1.67.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.18. Louisiana-Pacific had a net margin of 2.72% and a return on equity of 4.84%. The firm had revenue of $690.00 million for the quarter, compared to the consensus estimate of $671.27 million. During the same period last year, the firm posted $0.36 EPS. Louisiana-Pacific’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that Louisiana-Pacific Corporation will post 1.13 earnings per share for the current year.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds have recently made changes to their positions in LPX. BlackRock Inc. acquired a new stake in shares of Louisiana-Pacific during the second quarter valued at about $506,638,000. Berkshire Hathaway Inc bought a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at approximately $445,593,000. Dimensional Fund Advisors LP lifted its holdings in Louisiana-Pacific by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock worth $119,279,000 after buying an additional 15,232 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its holdings in Louisiana-Pacific by 36.8% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock worth $119,709,000 after acquiring an additional 409,300 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Louisiana-Pacific during the 2nd quarter worth approximately $43,845,000. 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 manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.