Will Louisiana-Pacific Corporation Go Down Anytime Soon? Option Trader Believe So

 Will Louisiana Pacific Corporation Go Down Anytime Soon? Option Trader Believe So

In today’s session Louisiana-Pacific Corporation (LPX) recorded an unusually high (3,035) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious LPX decrease. With 3,035 contracts traded and 19344 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: LPX161021P00019000 closed last at: $0.45 or 40% down. About 55,913 shares traded hands. Louisiana-Pacific Corporation (NYSE:LPX) has risen 12.06% since March 7, 2016 and is uptrending. It has outperformed by 4.47% the S&P500.

Analysts await Louisiana-Pacific Corporation (NYSE:LPX) to report earnings on November, 1. They expect $0.29 EPS, up 341.67% or $0.41 from last year’s $-0.12 per share. LPX’s profit will be $40.38 million for 16.41 P/E if the $0.29 EPS becomes a reality. After $0.28 actual EPS reported by Louisiana-Pacific Corporation for the previous quarter, Wall Street now forecasts 3.57% EPS growth.

Louisiana-Pacific Corporation (NYSE:LPX) Ratings Coverage

Out of 4 analysts covering Louisiana-Pacific (NYSE:LPX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $22 is the highest target while $15 is the lowest. The $17.92 average target is -5.83% below today’s ($19.03) stock price. Louisiana-Pacific has been the topic of 8 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, September 4 by RBC Capital Markets. The stock has “Top Pick” rating given by RBC Capital Markets on Wednesday, November 4. The company was downgraded on Thursday, March 17 by Vertical Research. The company was upgraded on Thursday, July 21 by Dundee Securities. DA Davidson upgraded the stock to “Neutral” rating in Friday, February 12 report.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.07 in 2016 Q2. Its down 0.20, from 1.27 in 2016Q1. The ratio dropped, as 28 funds sold all Louisiana-Pacific Corporation shares owned while 57 reduced positions. 28 funds bought stakes while 63 increased positions. They now own 142.68 million shares or 5.21% less from 150.52 million shares in 2016Q1.
American Group Inc accumulated 0% or 356,720 shares. Blackrock has 0% invested in the company for 62,233 shares. The Maryland-based Profund Advsr Limited Liability Co has invested 0.02% in Louisiana-Pacific Corporation (NYSE:LPX). South Dakota Inv Council last reported 0.07% of its portfolio in the stock. Federated Invsts Pa owns 83,810 shares or 0% of their US portfolio. Parametric Port Ltd Liability holds 0.02% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX) for 684,984 shares. William Harris Investors Inc, a Illinois-based fund reported 263,748 shares. Deere Company last reported 27,041 shares in the company. Moreover, Teachers Advisors has 0.27% invested in Louisiana-Pacific Corporation (NYSE:LPX) for 8.98 million shares. Alliancebernstein L P holds 257,754 shares or 0% of its portfolio. Moreover, Proshare Ltd has 0.01% invested in Louisiana-Pacific Corporation (NYSE:LPX) for 30,778 shares. California State Teachers Retirement has invested 0.01% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX). The California-based Gemmer Asset Management Limited Co has invested 0% in Louisiana-Pacific Corporation (NYSE:LPX). Rainier Management Ltd Liability Company has invested 0.15% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX). St Johns Investment Ltd Company holds 0% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX) for 125 shares.

Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 5 insider sales for $2.98 million net activity. STEVENS CURTIS M also sold $2.15 million worth of Louisiana-Pacific Corporation (NYSE:LPX) on Wednesday, May 11. $268,000 worth of Louisiana-Pacific Corporation (NYSE:LPX) shares were sold by Sherman Neil. WATSON COLIN D sold 4,717 shares worth $84,331. $199,922 worth of Louisiana-Pacific Corporation (NYSE:LPX) was sold by Luoma Brian Eugene on Wednesday, May 11.

Louisiana-Pacific Corporation is a manufacturer of building products. The company has a market cap of $2.65 billion. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. It has a 293.27 P/E ratio. The Firm operates in four divisions: North America Oriented Strand Board , Siding, Engineered Wood Products (EWP) and South America.

LPX Company Profile

Louisiana-Pacific Corporation, incorporated on July 20, 1972, is a maker of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Firm operates in four divisions: North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America. The Company’s other products category includes its remaining timber and timberlands, and other minor products, services and closed operations. It also markets and sells its products in light industrial and commercial construction. The Company’s clients include wholesale distribution companies, two-step distributors, building materials professional dealers, retail home centers and shed producers.

More news for Louisiana-Pacific Corporation (NYSE:LPX) were recently published by: Moodys.com, which released: “Moody’s rates Louisiana-Pacific Corporation’s new notes Ba3; existing ratings …” on September 07, 2016. Streetinsider.com‘s article titled: “Louisiana-Pacific Corp. (LPX) Appoints New Board Member” and published on September 02, 2016 is yet another important article.

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