The stock of Louisiana-Pacific Corporation (NYSE:LPX) is a huge mover today! The stock increased 4.91% or $0.86 on October 31, hitting $18.36. About 2.34M shares traded hands or 51.95% up from the average. Louisiana-Pacific Corporation (NYSE:LPX) has risen 4.17% since March 29, 2016 and is uptrending. It has outperformed by 0.69% the S&P500.
The move comes after 6 months positive chart setup for the $2.58B company. It was reported on Oct, 31 by Barchart.com. We have $22.95 PT which if reached, will make NYSE:LPX worth $645.00 million more.
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 $40.75M for 15.83 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), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Louisiana-Pacific has been the topic of 9 analyst reports since August 26, 2015 according to StockzIntelligence Inc. The stock of Louisiana-Pacific Corporation (NYSE:LPX) has “Outperform” rating given on Friday, September 4 by RBC Capital Markets. The firm has “Hold” rating by Vertical Research given on Thursday, March 17. The company was upgraded on Wednesday, November 4 by RBC Capital Markets. The firm has “Buy” rating given on Thursday, July 21 by Dundee Securities. The stock of Louisiana-Pacific Corporation (NYSE:LPX) has “Buy” rating given on Friday, October 14 by Vertical Research. The rating was upgraded by DA Davidson to “Neutral” on Friday, February 12.
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 Q2 2016. Its down 0.20, from 1.27 in 2016Q1. The ratio worsened, 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.
Creative Planning holds 6,814 shares or 0% of its portfolio. Stifel Fincl Corp last reported 10,591 shares in the company. Scout has invested 0.18% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX). Proshare Advsrs Ltd Liability Co holds 0.01% or 30,778 shares in its portfolio. Westpac has 153,700 shares for 0% of their US portfolio. Pub Employees Retirement Association Of Colorado has invested 0% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX). First Mercantile Tru Company last reported 27,269 shares in the company. Nwq Invest Management Lc has invested 0.49% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX). Sei has invested 0.01% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX). The Washington-based Rainier Inv Mngmt Lc has invested 0.15% in Louisiana-Pacific Corporation (NYSE:LPX). Westwood Gru Incorporated, a Texas-based fund reported 646,016 shares. Profund Advsr Llc holds 25,373 shares or 0.02% of its portfolio. Dimensional Fund Advisors Lp last reported 6.51M shares in the company. Credit Suisse Ag reported 205,647 shares or 0% of all its holdings. Geode Cap Ltd Liability Corporation holds 0.01% of its portfolio in Louisiana-Pacific Corporation (NYSE:LPX) for 935,132 shares.
Insider Transactions: Since May 11, 2016, the stock had 0 buys, and 5 sales for $2.98 million net activity. $199,922 worth of shares were sold by Luoma Brian Eugene on Wednesday, May 11. Shares for $268,000 were sold by Sherman Neil on Monday, August 8. STEVENS CURTIS M sold $2.15 million worth of stock or 116,100 shares. WATSON COLIN D also sold $275,823 worth of Louisiana-Pacific Corporation (NYSE:LPX) on Wednesday, May 11.
More important recent Louisiana-Pacific Corporation (NYSE:LPX) news were published by: Benzinga.com which released: “Top Performing Industries For October 31, 2016” on October 31, 2016, also Seekingalpha.com published article titled: “LP names Brad Southern COO”, Seekingalpha.com published: “Louisiana-Pacific Riding The Rising Tide” on October 18, 2016. More interesting news about Louisiana-Pacific Corporation (NYSE:LPX) was released by: Seekingalpha.com and their article: “More on Louisiana-Pacific’s Q3” with publication date: October 31, 2016.
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.
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