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Louisiana-Pacific Co. (NYSE:LPX) Receives Consensus Rating of "Hold" from Brokerages – MarketBeat

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Shares of Louisiana-Pacific Co. (NYSE:LPXGet Rating) have received a consensus rating of “Hold” from the seven analysts that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $66.50.
A number of research firms recently commented on LPX. Bank of America cut Louisiana-Pacific from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $64.00 to $56.00 in a research report on Tuesday, September 20th. DA Davidson boosted their target price on Louisiana-Pacific to $70.00 in a report on Monday, August 15th. StockNews.com started coverage on Louisiana-Pacific in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Finally, TD Securities reduced their price target on Louisiana-Pacific from $70.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday, November 2nd.

Institutional Trading of Louisiana-Pacific

Several institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of Louisiana-Pacific by 343.8% during the first quarter. SG Americas Securities LLC now owns 26,378 shares of the building manufacturing company’s stock valued at $1,639,000 after purchasing an additional 20,434 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Louisiana-Pacific by 1.8% during the 1st quarter. Mutual of America Capital Management LLC now owns 80,235 shares of the building manufacturing company’s stock worth $4,984,000 after buying an additional 1,451 shares during the period. CENTRAL TRUST Co lifted its position in shares of Louisiana-Pacific by 189.0% during the 1st quarter. CENTRAL TRUST Co now owns 1,445 shares of the building manufacturing company’s stock worth $90,000 after buying an additional 945 shares during the period. State of New Jersey Common Pension Fund D increased its holdings in Louisiana-Pacific by 9.6% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 49,756 shares of the building manufacturing company’s stock valued at $3,091,000 after purchasing an additional 4,360 shares in the last quarter. Finally, Harvest Investment Services LLC increased its stake in shares of Louisiana-Pacific by 24.9% in the 1st quarter. Harvest Investment Services LLC now owns 21,022 shares of the building manufacturing company’s stock valued at $1,305,000 after buying an additional 4,186 shares during the period. Institutional investors and hedge funds own 91.07% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 9th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, November 8th. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. Louisiana-Pacific’s payout ratio is 5.65%.

Louisiana-Pacific Company Profile

(Get Rating)
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.

See Also

Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)
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