Louisiana-Pacific Co. (NYSE:LPX) Short Interest Update

Louisiana-Pacific Co. (NYSE:LPX) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 9,669,300 shares, a growth of 5.9% from the May 15th total of 9,133,600 shares. Currently, 7.2% of the shares of the stock are sold short. Based on an average daily volume of 2,290,000 shares, the days-to-cover ratio is currently 4.2 days.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC bought a new position in Louisiana-Pacific in the 1st quarter valued at about $45,000. Toronto Dominion Bank raised its holdings in Louisiana-Pacific by 28.5% in the 4th quarter. Toronto Dominion Bank now owns 2,570 shares of the building manufacturing company’s stock valued at $57,000 after acquiring an additional 570 shares during the period. Baker Ellis Asset Management LLC bought a new position in Louisiana-Pacific in the 1st quarter valued at about $134,000. Hollencrest Capital Management bought a new position in Louisiana-Pacific in the 1st quarter valued at about $213,000. Finally, Virtu Financial LLC bought a new position in Louisiana-Pacific in the 1st quarter valued at about $215,000. Institutional investors and hedge funds own 89.45% of the company’s stock.

Shares of Louisiana-Pacific stock traded up $0.08 on Tuesday, hitting $26.09. 746,710 shares of the company’s stock traded hands, compared to its average volume of 2,023,060. The firm has a 50-day moving average price of $25.49. The company has a market cap of $3.21 billion, a PE ratio of 9.52, a PEG ratio of 4.46 and a beta of 1.44. Louisiana-Pacific has a one year low of $20.39 and a one year high of $32.16. The company has a quick ratio of 2.25, a current ratio of 3.55 and a debt-to-equity ratio of 0.28.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). Louisiana-Pacific had a net margin of 12.16% and a return on equity of 19.63%. The business had revenue of $582.00 million for the quarter, compared to the consensus estimate of $601.49 million. During the same quarter in the previous year, the firm posted $0.63 EPS. The business’s revenue was down 15.8% on a year-over-year basis. Research analysts expect that Louisiana-Pacific will post 1.17 earnings per share for the current year.

Several research analysts have recently commented on the company. Zacks Investment Research downgraded Horiba from a “hold” rating to a “sell” rating in a report on Wednesday, May 22nd. BMO Capital Markets reaffirmed a “hold” rating and set a $9.50 price objective on shares of Vicon Industries in a report on Friday, June 14th. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Stephens raised Weyerhaeuser from an “equal weight” rating to an “overweight” rating and set a $32.00 price objective on the stock in a report on Friday, April 5th. Finally, TD Securities upped their price objective on WestJet Airlines from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Louisiana-Pacific has a consensus rating of “Buy” and an average price target of $28.96.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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