Zacks Investment Research lowered shares of Louisiana-Pacific Corporation (NYSE:LPX) from a buy rating to a hold rating in a research note published on Saturday morning.

According to Zacks, “Louisiana-Pacific Corporation manufactures building materials and engineered wood products in the United States, Canada, Chile and Brazil. The Company’s products are used by homebuilders and light commercial builders. Louisiana-Pacific’s products include oriented strand board sheathing, flooring, radiant barrier panels, siding and trim, I-joists, laminated veneer lumber, laminated strand lumber and interior decorative moulding. “

Other equities analysts also recently issued research reports about the stock. Royal Bank Of Canada reiterated a buy rating and set a $26.00 target price on shares of Louisiana-Pacific Corporation in a research note on Tuesday, April 18th. BidaskClub upgraded shares of Louisiana-Pacific Corporation from a hold rating to a buy rating in a research note on Thursday, June 22nd. ValuEngine upgraded shares of Louisiana-Pacific Corporation from a hold rating to a buy rating in a research note on Thursday, May 25th. Vertical Research downgraded shares of Louisiana-Pacific Corporation from a buy rating to a hold rating in a research note on Tuesday, April 11th. Finally, BMO Capital Markets reiterated a hold rating and set a $22.00 target price on shares of Louisiana-Pacific Corporation in a research note on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $27.00.

Shares of Louisiana-Pacific Corporation (LPX) opened at 24.77 on Friday. The stock’s 50 day moving average price is $24.69 and its 200 day moving average price is $23.74. Louisiana-Pacific Corporation has a one year low of $17.08 and a one year high of $26.92. The stock has a market cap of $3.59 billion, a price-to-earnings ratio of 14.11 and a beta of 1.34.

Louisiana-Pacific Corporation (NYSE:LPX) last issued its earnings results on Tuesday, August 1st. The construction company reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $694 million for the quarter, compared to analyst estimates of $700.73 million. Louisiana-Pacific Corporation had a return on equity of 17.13% and a net margin of 10.50%. The business’s revenue for the quarter was up 19.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. Analysts forecast that Louisiana-Pacific Corporation will post $1.85 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its stake in shares of Louisiana-Pacific Corporation by 24,793.7% in the first quarter. BlackRock Inc. now owns 16,481,360 shares of the construction company’s stock worth $409,068,000 after buying an additional 16,415,153 shares during the period. Vanguard Group Inc. boosted its stake in shares of Louisiana-Pacific Corporation by 16.2% in the first quarter. Vanguard Group Inc. now owns 13,197,882 shares of the construction company’s stock worth $327,572,000 after buying an additional 1,835,706 shares during the period. Iridian Asset Management LLC CT boosted its stake in shares of Louisiana-Pacific Corporation by 71.6% in the second quarter. Iridian Asset Management LLC CT now owns 4,846,075 shares of the construction company’s stock worth $116,839,000 after buying an additional 2,021,510 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Louisiana-Pacific Corporation by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 4,698,756 shares of the construction company’s stock worth $116,621,000 after buying an additional 86,021 shares during the period. Finally, State Street Corp boosted its stake in shares of Louisiana-Pacific Corporation by 2.6% in the first quarter. State Street Corp now owns 4,447,534 shares of the construction company’s stock worth $110,384,000 after buying an additional 113,961 shares during the period. 94.99% of the stock is owned by hedge funds and other institutional investors.

About Louisiana-Pacific Corporation

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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Analyst Recommendations for Louisiana-Pacific Corporation (NYSE:LPX)

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