Louisiana-Pacific (NYSE:LPX) Hits New 1-Year Low – Time to Sell?

Louisiana-Pacific Corporation (NYSE:LPX)’s share price hit a new 52-week low on Tuesday . The company traded as low as $65.00 and last traded at $64.8210, with a volume of 201033 shares. The stock had previously closed at $66.79.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Jefferies Financial Group assumed coverage on Louisiana-Pacific in a research report on Tuesday, June 23rd. They set a “buy” rating and a $93.00 price objective for the company. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Truist Financial reduced their price target on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, August 6th. TD increased their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. Twelve analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.67.

Louisiana-Pacific Trading Up 0.8%

The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 82.65, a PEG ratio of 9.16 and a beta of 1.59. The firm has a 50-day moving average of $72.08 and a 200 day moving average of $73.79.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The business had revenue of $664.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The company’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 EPS. As a group, equities analysts predict that Louisiana-Pacific Corporation will post 1.17 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio is currently 151.90%.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in LPX. WINTON GROUP Ltd lifted its stake in shares of Louisiana-Pacific by 42.8% in the 2nd quarter. WINTON GROUP Ltd now owns 9,443 shares of the building manufacturing company’s stock worth $743,000 after acquiring an additional 2,831 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in Louisiana-Pacific in the second quarter worth approximately $72,000. NewEdge Advisors LLC boosted its stake in Louisiana-Pacific by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 8,875 shares of the building manufacturing company’s stock valued at $698,000 after purchasing an additional 200 shares in the last quarter. Squarepoint Ops LLC increased its position in shares of Louisiana-Pacific by 476.3% during the 2nd quarter. Squarepoint Ops LLC now owns 26,238 shares of the building manufacturing company’s stock valued at $2,064,000 after purchasing an additional 21,685 shares during the period. Finally, Baird Financial Group Inc. increased its position in shares of Louisiana-Pacific by 5.7% during the 2nd quarter. Baird Financial Group Inc. now owns 17,195 shares of the building manufacturing company’s stock valued at $1,353,000 after purchasing an additional 932 shares during the period. 94.73% of the stock is currently owned by institutional investors.

About Louisiana-Pacific

Louisiana-Pacific Corporation, operating as LP Building Solutions, manufactures building products used in residential, repair and remodeling, and commercial construction. Its portfolio includes oriented strand board (OSB) structural panels, siding, trim, and related engineered wood products designed for walls, roofs, floors, and exterior applications.

The company’s principal brands include LP SmartSide siding and trim, which are engineered wood products for residential and light-commercial exteriors, and LP Structural Solutions products, including OSB panels and specialty sheathing.