Louisiana-Pacific Corporation (LPX) was Upgraded by Dundee to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. Dundee advised their investors in a research report released on Jul 21, 2016.
On the company’s financial health, Louisiana-Pacific Corporation reported $0.07 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.01. The company had revenue of $505.00 million for the quarter, compared to analysts expectations of $512.27 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Louisiana-Pacific Corporation opened for trading at $19.76 and hit $20.44 on the upside on Wednesday, eventually ending the session at $20.42, with a gain of 3.71% or 0.73 points. The heightened volatility saw the trading volume jump to 23,55,935 shares. Company has a market cap of $2,935 M.
In a different news, on Jun 14, 2016, Colin D Watson (director) sold 4,717 shares at $17.88 per share price. According to the SEC, on May 13, 2016, Brian Eugene Luoma (Senior Vice President) sold 10,792 shares at $18.52 per share price. On May 13, 2016, Curtis M Stevens (CEO) sold 116,100 shares at $18.49 per share price, according to the Form-4 filing with the securities and exchange commission.
Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in new home construction repair and remodeling and outdoor structures. The Company operates in four segments: North America Oriented Strand Board (OSB) Siding Engineered Wood Products (EWP) and South America. The OSB segment manufactures and distributes OSB structural panel products. The Siding segment offers two categories of products which include SmartSide siding products and related accessories; and CanExel siding and accessories and other related products. The EWP segment manufactures and distributes laminated veneer lumber (LVL) I-Joists laminated strand lumber (LSL) and other related products. The South American segment manufactures and distributes OSB and siding products in South America and certain export markets. Its other products category includes its remaining timber and timberlands and other products services and closed operations.