Louisiana-Pacific (NYSE:LPX) Hits New 12-Month Low – Should You Sell?

Louisiana-Pacific Corporation (NYSE:LPX)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $66.09 and last traded at $66.3940, with a volume of 619407 shares changing hands. The stock had previously closed at $68.17.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a research note on Thursday, August 6th. Wolfe Research assumed coverage on Louisiana-Pacific in a research note on Thursday. They issued an “outperform” rating and a $90.00 price objective for the company. Bank of America lifted their price objective on Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Barclays decreased their target price on Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Finally, Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Twelve analysts have rated the stock with a Buy rating, one has given 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 price target of $93.67.

Louisiana-Pacific Trading Down 2.3%

The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 83.53, a PEG ratio of 9.49 and a beta of 1.59. The business’s 50-day simple moving average is $73.12 and its 200-day simple moving average is $74.38.

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 the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business had revenue of $664.00 million during the quarter, compared to analysts’ expectations of $667.31 million. During the same period last year, the company earned $0.99 EPS. The firm’s revenue for the quarter was down 12.1% on a year-over-year basis. Research analysts predict that Louisiana-Pacific Corporation will post 1.17 earnings per share 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 paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. Louisiana-Pacific’s dividend payout ratio is presently 151.90%.

Institutional Trading of Louisiana-Pacific

Hedge funds have recently bought and sold shares of the company. North Ridge Wealth Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the 2nd quarter valued at $26,000. Los Angeles Capital Management LLC purchased a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $29,000. Western Wealth Management LLC acquired a new stake in Louisiana-Pacific in the first quarter valued at approximately $25,000. Parallel Advisors LLC increased its stake in Louisiana-Pacific by 204.0% during the 1st quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after buying an additional 255 shares during the period. Finally, Root Financial Partners LLC grew its stake in Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after purchasing an additional 277 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

About Louisiana-Pacific

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.