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Louisiana-Pacific (NYSE:LPX - Get Rating) was downgraded by stock analysts at Bank of America from a "neutral" rating to an "underperform" rating in a note issued to investors on Tuesday, The Fly reports.

LPX has been the subject of several other research reports. The Goldman Sachs Group reduced their price objective on shares of Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. DA Davidson boosted their price objective on shares of Louisiana-Pacific to $70.00 in a research note on Monday, August 15th. Truist Financial started coverage on shares of Louisiana-Pacific in a research note on Wednesday, June 29th. They set a "hold" rating and a $57.00 price objective for the company. Finally, TD Securities dropped their target price on shares of Louisiana-Pacific from $80.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of "Hold" and a consensus target price of $69.33.Louisiana-Pacific Price Performance

LPX stock opened at $54.62 on Tuesday. The stock has a market cap of $4.03 billion, a PE ratio of 3.33 and a beta of 1.68. The company has a current ratio of 2.60, a quick ratio of 1.94 and a debt-to-equity ratio of 0.23. Louisiana-Pacific has a 12 month low of $49.98 and a 12 month high of $79.77. The company has a 50-day moving average price of $58.00 and a 200 day moving average price of $61.90.

Louisiana-Pacific (NYSE:LPX - Get Rating) last posted its quarterly earnings results on Tuesday, August 9th. The building manufacturing company reported $4.19 EPS for the quarter, missing the consensus estimate of $4.38 by ($0.19). Louisiana-Pacific had a net margin of 30.50% and a return on equity of 94.18%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm posted $4.74 EPS. The company's revenue for the quarter was down 3.3% compared to the same quarter last year. Equities research analysts anticipate that Louisiana-Pacific will post 12.99 earnings per share for the current year. Institutional Trading of Louisiana-Pacific

Hedge funds have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. acquired a new position in Louisiana-Pacific during the first quarter worth $25,000. Financial Management Professionals Inc. raised its position in Louisiana-Pacific by 2,900.0% during the second quarter. Financial Management Professionals Inc. now owns 480 shares of the building manufacturing company's stock worth $25,000 after acquiring an additional 464 shares during the period. Rather & Kittrell Inc. acquired a new position in Louisiana-Pacific during the fourth quarter worth $43,000. TCI Wealth Advisors Inc. acquired a new position in Louisiana-Pacific during the first quarter worth $39,000. Finally, Ahrens Investment Partners LLC acquired a new position in Louisiana-Pacific during the first quarter worth $40,000. 91.07% of the stock is owned by hedge funds and other institutional investors. Louisiana-Pacific Company Profile (Get Rating)

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.See AlsoGet a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)Oracle’s Short-Term Pain Could Be Your Long-Term Gain Lucid is Looking Like a Clear EV WinnerStill Lovin' It: Investors Keep Visiting McDonald'sDid FedEx Just Deliver A Buying Opportunity? Autozone Shifts Back Into Rally-Mode, New Highs Are In Sight

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