Louisiana-Pacific (NYSE:LPX) Stock, Quote.Headers.trade-ideas

Louisiana-Pacific

Louisiana-Pacific is primarily an oriented strand board producer and also offers engineered wood siding used in home construction and repair and remodel projects. The company is largely exposed to the North American housing market but has also established capacity in Brazil and Chile.

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Workday reported second-quarter revenue of $2.08 billion, beating the consensus estimate of $2.07 billion.

Workday, Louisiana-Pacific And TransDigm On CNBC&#39;s &#39;Final Trades&#39;

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Warren Buffett, the legendary investor, has disclosed significant stock sales by Berkshire Hathaway Inc.in the second quarter, including a substantial reduction in its Apple Inc. holdings.

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Earnings

Guidance

LPX reported impressive Q2 results with record sales and earnings, driven by strong performance in the Siding and OSB divisions. Q3 and 2024 outlook also raised.

Louisiana-Pacific&#39;s Q2 Net Sales Skyrocket: &#39;Notching Another Record Quarter,&#39; CEO Says

Louisiana-Pacific Corporation Common Stock

Louisiana-Pacific Corp

In the preceding three months, 6 analysts have released ratings for Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>), presenting a wide array of perspectives from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $93.0, a high estimate of $112.00, and a low estimate of $75.00. This current average has increased by 3.14% from the previous average price target of $90.17. 
<img src="https://www.benzinga.com/files/images/story/2024/1726167639_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Louisiana-Pacific. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>George Staphos</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Underperform</td>
<td>$75.00</td>
<td>$73.00</td>
</tr>
<tr>
<td>Matthew McKellar</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$112.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Susan Maklari</td>
<td>Goldman Sachs</td>
<td>Raises</td>
<td>Sell</td>
<td>$86.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Michael Roxland</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$105.00</td>
<td>$101.00</td>
</tr>
<tr>
<td>Ketan Mamtora</td>
<td>BMO Capital</td>
<td>Maintains</td>
<td>Market Perform</td>
<td>$99.00</td>
<td>$99.00</td>
</tr>
<tr>
<td>Susan Maklari</td>
<td>Goldman Sachs</td>
<td>Lowers</td>
<td>Sell</td>
<td>$81.00</td>
<td>$89.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Louisiana-Pacific. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Louisiana-Pacific compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Louisiana-Pacific's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Louisiana-Pacific's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LPX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Louisiana-Pacific analyst ratings.</a>
<h2>All You Need to Know About Louisiana-Pacific</h2>
Louisiana-Pacific is primarily an oriented strand board producer and also offers engineered wood siding used in home construction and repair and remodel projects. The company is largely exposed to the North American housing market but has also established capacity in Brazil and Chile.
<h3>Key Indicators: Louisiana-Pacific's Financial Health</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: Louisiana-Pacific displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 33.22%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Net Margin: Louisiana-Pacific's net margin is impressive, surpassing industry averages. With a net margin of 19.66%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Louisiana-Pacific's ROE stands out, surpassing industry averages. With an impressive ROE of 9.77%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 6.38%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.22, Louisiana-Pacific adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Significance of Analyst Ratings Explained</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Analyst Scoreboard: 6 Ratings For Louisiana-Pacific

B of A Securities analyst George Staphos maintains Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Underperform and raises the price target from $73 to $75.

Price Target

B of A Securities Maintains Underperform on Louisiana-Pacific, Raises Price Target to $75

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/08/26/final-trades-workday-transdigm-and-louisiana-pacific.html">Halftime Report Final Trades</a>,&#8221; DCLA&#8216;s Sarat Sethi praised Workday, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDAY#NASDAQ">WDAY</a>) for last week&#8217;s <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40530637/workday-stock-soars-as-analysts-call-q2-a-turning-point">earnings report.</a>
On Aug. 22, Workday reported second-quarter revenue of $2.08 billion, beating the consensus estimate of $2.07 billion. The company reported adjusted earnings of $1.75 per share, beating analyst estimates of $1.65 per share, according to Benzinga Pro.
Stephen Weiss of Short Hills Capital Partners said TransDigm Group Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TDG#NYSE">TDG</a>) is a &#8220;phenomenal&#8221; PE play.
On Aug. 6, TransDigm Group reported better-than-expected third-quarter financial results and raised its FY24 guidance above estimates. TransDigm reported quarterly earnings of $9.00 per share which beat the analyst consensus estimate of $8.56 per share. The company reported quarterly sales of $2.046 billion which beat the analyst consensus estimate of $2.005 billion.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners said Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) is breaking out.
On Aug. 7, Louisiana-Pacific reported second-quarter 2024 net sales growth of 33.2% year-over-year to $814 million on Wednesday, beating the consensus of $797.264 million. Siding revenue grew 30% YoY due to higher volumes and prices. OSB revenue increased 53% due to higher prices and volumes.
Price Action:
<ul>
<li>Workday shares gained 0.2% to close at $260.37 during Monday's session.</li>
<li>TransDigm Group shares fell 1.8% to close at $1,302.25 during Monday session.</li>
<li>Louisiana-Pacific gained 0.6% to settle at $97.78 on Monday.</li>
</ul>
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Workday, Louisiana-Pacific And TransDigm On CNBC's 'Final Trades'

CNBC Halftime Report Final Trades: Workday, Transdigm, Louisiana-Pacific Corp

Warren Buffett, the legendary investor, has disclosed significant stock sales by Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) in the second quarter, including a substantial reduction in its Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) holdings.
What Happened: Buffett&#8217;s company sold over 389 million Apple shares in the second quarter, according to the company&#8217;s latest U.S. Securities and Exchange Commission filing on Wednesday. Despite the sale, Berkshire Hathaway still holds 400 million Apple shares.
The news that Buffett had sold a significant portion of Apple shares was revealed in Berkshire&#8217;s earnings report earlier this month, but the precise number of shares sold only became clear on Wednesday.
Besides Apple, Berkshire Hathaway also trimmed its investments in Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>). Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>), Capital One Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>), Floor &amp; Decor Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FND#NYSE">FND</a>), T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), and Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>). 
The company has boosted its holdings in Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) to 27,033,784 shares and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) to 255,281,524 shares. Additionally, it has made new, smaller investments in aerospace parts manufacturer Heico Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HEI#NYSE">HEI</a>) with 1,044,242 shares and cosmetics retailer Ulta Beauty Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) with 690,106 shares.
Tesla Inc.&#8216;s CEO Elon Musk commented on Berkshire Hathaway&#8217;s substantial $277 billion cash reserves, predicting changes as T-bill returns decline following the revelation of the conglomerate&#8217;s stake sales. Musk said, &#8220;$277B cash reserves is wild. That will change as the T-bill return drops.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">$277B cash reserves is wild. That will change as the T-bill return drops.
&mdash; Elon Musk (@elonmusk) <a href="https://twitter.com/elonmusk/status/1823865610570490270?ref_src=twsrc%5Etfw">August 14, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/24/08/40329069/cathie-wood-seizing-low-valuation-opportunity-among-magnificent-7-ark-invest-snaps-up-2-4m-in-al?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Cathie Wood Seizing Low-Valuation Opportunity Among Magnificent 7? Ark Invest Snaps Up $2.4M In Alphabet Shares</a>
Why It Matters: Buffett&#8217;s investment decisions have always been closely watched due to his remarkable track record. This recent move comes at a time when Berkshire Hathaway&#8217;s stock is up over 20% year-to-date, despite <a href="https://www.benzinga.com/general/education/24/08/40317667/berkshire-hathaway-stock-up-19-so-far-in-2024-how-it-stacks-up-against-warren-buffetts-averages">trailing the broader stock markets</a> for much of the year due to its large holding in Apple.
Earlier in August, Buffett&#8217;s decision to sell nearly half of Berkshire&#8217;s Apple stock was seen by Elon Musk as an <a href="https://www.benzinga.com/news/24/08/40152088/elon-musk-says-warren-buffett-is-clearly-expecting-a-correction-after-berkshire-sold-nearly-half-of">indication of an impending market correction</a>. 
Global market volatility has also tested Buffett&#8217;s investments. Despite a significant initial plunge, Berkshire&#8217;s $20 billion investment in Japanese trading giants recovered most of its losses. The <a href="https://www.benzinga.com/markets/asia/24/08/40306868/global-market-turmoil-tests-warren-buffetts-japanese-investments-despite-initial-30-plunge-berkshire">global market turmoil</a> triggered by Japan&#8217;s rate hike had a limited impact on these investments.
Buffett&#8217;s recent stock sales have also contributed to Berkshire&#8217;s cash <a href="https://www.benzinga.com/markets/equities/24/08/40146436/warren-buffetts-berkshire-hathaway-q2-operating-profit-climbs-over-15-cash-hoard-swells-to-277b-">reserves swelling to a record $277 billion</a>. This increase in cash reserves comes despite a 15.5% year-over-year fall in the company&#8217;s second-quarter net earnings, largely due to a decline in investment gains amid volatile market conditions.
Price Action: Berkshire Hathaway Inc.&#8217;s Class A stock closed at $657,122.00 on Wednesday, marking a gain of 1.24%. Year-to-date, it has risen by 19.52%. Meanwhile, Berkshire Hathaway Inc.&#8217;s Class B stock finished at $438.47 on the same day, up by 1.40%. In after-hours trading, it increased 0.14%. Year-to-date, the stock has appreciated 20.97%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Warren Buffett Still Holds 400M Apple Shares, Reveals New Investments In Ulta Beauty And Heico — Elon Musk Calls Berkshire Hathaway's $277B Cash Reserves 'Wild'

RBC Capital analyst Matthew McKellar maintains Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Outperform and raises the price target from $101 to $112.

RBC Capital Maintains Outperform on Louisiana-Pacific, Raises Price Target to $112

Goldman Sachs analyst Susan Maklari maintains Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Sell and raises the price target from $78 to $86.

Goldman Sachs Maintains Sell on Louisiana-Pacific, Raises Price Target to $86

Truist Securities analyst Michael Roxland reiterates Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Buy and raises the price target from $101 to $105.

Reiteration

Truist Securities Reiterates Buy on Louisiana-Pacific, Raises Price Target to $105

BMO Capital analyst Ketan Mamtora downgrades Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) from Outperform to Market Perform and maintains the price target from $99 to $99.

Downgrades

BMO Capital Downgrades Louisiana-Pacific to Market Perform, Maintains Price Target to $99

Louisiana-Pacific Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) reported <a href="https://www.benzinga.com/pressreleases/24/08/b40213602/lp-building-solutions-reports-second-quarter-2024-results-including-record-sales-and-earnings-in-s" target="_blank" rel="noreferrer noopener">second-quarter 2024 net sales growth</a> of 33.2% year-over-year to $814 million on Wednesday, beating the consensus of $797.264 million.
Siding revenue grew 30% YoY due to higher volumes and prices. OSB revenue increased 53% due to higher prices and volumes.
The gross profit increased 121% YoY to $263 million, and the margin expanded 1,283 bps to 32.3%. Operating margin for the quarter recovered 2,252 bps to 23.8%.
&nbsp;Adjusted EPS was $2.09, up from $0.55 YoY, beating the consensus of $1.93.
Adjusted EBITDA was $229 million, up from $93 million YoY, and the margin expanded to 28.1% from 15.2%.
Net cash provided by operating activities for the quarter totaled $212 million, compared to $88 million a year ago. Cash and equivalents totaled $317 million at the end of the quarter.
LPX paid $102 million to repurchase 1.2 million of LP&#8217;s common shares during the quarter and $19 million in cash dividends.
&#8220;LP&#8217;s Siding business continued to gain share and outperform the underlying markets we serve, setting records for sales and EBITDA in the quarter and notching another record quarter for LP SmartSide ExpertFinish Trim &amp; Siding,&#8221; commented LP Chairperson and CEO Brad Southern.
Q3 Outlook: LPX expects Siding net sales growth of 16%- 18% YoY and consolidated Adjusted EBITDA of $105 million—$125 million.
2024 Outlook, raised: The company expects Siding net sales to grow by 14%-16% (prior 11%-13%) and sees consolidated Adjusted EBITDA of $580 million–$620 million (prior $655 million–$685 million) and capital expenditures of $200 million to $220 million.
Price Action: LPX shares are trading lower by 2.1% to $92.00 during the premarket on Wednesday.
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Image created using artificial intelligence via Midjourney.

Louisiana-Pacific's Q2 Net Sales Skyrocket: 'Notching Another Record Quarter,' CEO Says

Outlook
The Company is providing financial&nbsp;guidance&nbsp;for the&nbsp;third quarter&nbsp;of 2024 and full year 2024 as set forth in the table below.&nbsp;Guidance&nbsp;is based on current plans and expectations and is subject to a number of known and unknown uncertainties and risks, including those set forth below under &quot;Forward-Looking Statements.&quot;
<table cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
Third Quarter&nbsp;2024
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
Full Year 2024
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Siding net sales year-over-year growth
</td>
<td colspan="1" rowspan="1">
16%&nbsp;to&nbsp;18%
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
14%&nbsp;to&nbsp;16%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Siding Adjusted EBITDA(2)
</td>
<td colspan="1" rowspan="1">
$95 million&nbsp;to&nbsp;$105 million
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$355 million&nbsp;to&nbsp;$375 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
OSB Adjusted EBITDA(2)(3)
</td>
<td colspan="1" rowspan="1">
$10 million&nbsp;to&nbsp;$20 million
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$225 million&nbsp;to&nbsp;$245 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Consolidated Adjusted EBITDA(2)(3)(4)
</td>
<td colspan="1" rowspan="1">
$105 million&nbsp;to&nbsp;$125 million
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$580 million&nbsp;to&nbsp;$620 million
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Capital Expenditures(5)
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
&nbsp;
</td>
<td colspan="1" rowspan="1">
$200 million&nbsp;to&nbsp;$220 million
</td>
</tr>
</tbody>
</table>

Louisiana-Pacific Sees Q3 Siding Net Sales Growth 16-18% And Adj. EBITDA Of $105M-$125M; Sees 2024 Siding Net Sales Growth 14%-16% (Prior 11-13%)

Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) reported quarterly earnings of $2.09 per share which beat the analyst consensus estimate of $1.93 by 8.29 percent. This is a 280 percent increase over earnings of $0.55 per share from the same period last year. The company reported quarterly sales of $814.000 million which beat the analyst consensus estimate of $797.264 million by 2.10 percent. This is a 33.22 percent increase over sales of $611.000 million the same period last year.

Earnings Beats

Louisiana-Pacific Q2 2024 Adj. EPS $2.09 Beats $1.93 Estimate, Sales $814.000M Beat $797.264M Estimate

Floor &amp; Decor Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnd#NYSE">FND</a>) focuses intently on expanding its market share by opening new warehouse-format stores, capitalizing on its everyday low prices and value-driven options, diversified and in-style product offerings, and valuing customers&#39; demand trends. 
Considering its expansion plans through new store openings, the company recently announced its debut in Columbus, GA, with a new warehouse store and design center. The new store will house about 50 full-time and part-time associates, led by the store&#39;s chief executive merchant.
<h3>Floor &amp; Decor on an Expansion Spree</h3>
Floor &amp; Decor indulges in profitable investments to process its expansion strategies, primarily through improvements in existing stores and new stores openings. By expanding its footprint and product portfolio, the company can reach out to new communities and accelerate its growth momentum. 
During the fiscal first quarter (ended Mar 28, 2024), the company opened four new warehouse stores. This brought the quarter-end count to 225 warehouse stores and five design studios. The openings included new warehouse format stores in Mansfield, TX; Summerville, FL; Glen Burnie, MD; and Augusta, GA. Furthermore, as of May 2024, FND had already opened four new warehouse stores, including Lone Tree, CO; Bremerton, WA; Brooklyn, NY; and Hendersonville, TN. 
Floor &amp; Decor aims to open between 30 and 35 new warehouse-format stores in fiscal 2024 across various large, medium and small market sizes. The long-term goal of the company is to operate 500 warehouse stores in the United States, and to achieve this target, it is strategically making investments to foster the expansion trend.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/2b/69385.jpg?v=534205386" /> 
Image Source: Zacks Investment Research
Owing to these tailwinds, shares of this retailer specializing in hard-surface flooring for homeowners and professionals have gained 2.7% in the year-to-date period against the Zacks Building Products - Wood industry&#39;s 8.1% decline.
<h3>Zacks Rank &amp; Key Picks</h3>
Floor &amp; Decor currently carries a Zacks Rank #3 (Hold). 
Here are some better-ranked stocks from the Construction sector. 
Owens Corning (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/oc#NYSE">OC</a>)&nbsp;currently sports a Zacks Rank #1 (Strong Buy). 
OC delivered a trailing four-quarter earnings surprise of 17.4%, on average. The stock has risen 42.1% in the past year. The Zacks Consensus Estimate for OC&#39;s 2024 sales and earnings per share indicates growth of 16% and 7.4%, respectively, from the prior-year reported levels. 
PulteGroup, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/phm#NYSE">PHM</a>) currently sports a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 12.5%, on average. PHM&#39;s shares have gained 46.7% in the past year. 
The consensus estimate for PHM&#39;s 2024 sales and EPS implies an increase of 7.9% and 10%, respectively, from the prior-year reported levels. 
Louisiana-Pacific Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/lpx#NYSE">LPX</a>) presently sports a Zacks Rank of 1. LPX delivered a trailing four-quarter earnings surprise of 18.6%, on average. The stock has risen 25% in the past year. 
The Zacks Consensus Estimate for LPX&#39;s 2024 sales and EPS indicates growth of 17% and 79.8%, respectively, from the year-earlier levels.
<a href="https://www.zacks.com/stock/news/2292346/floor-decor-fnd-to-debut-in-columbus-with-warehouse-store?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2292346">To read this article on Zacks.com click here.</a>

Floor & Decor to Debut in Columbus With Warehouse Store

Shares of Ovid Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OVID#NASDAQ">OVID</a>) dipped 65.7% to $1.1285 after Takeda&#8217;s Skyline study in Dravet syndrome missed its primary endpoint.
Takeda Pharmaceutical Co Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAK#NYSE">TAK</a>) announced topline data from its SKYLINE and SKYWAY Phase 3 studies of Soticlestat (TAK-935) for the treatment of Dravet syndrome (DS) and Lennox-Gastaut syndrome (LGS).
AMMO shares dipped 19.1% to $2.0306 on Friday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Interactive Strength Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRNR#NASDAQ">TRNR</a>) shares climbed 148% to $7.07 after dipping 19% on Friday.</li>
<li>Mustang Bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIO#NASDAQ">MBIO</a>) shares jumped 145% to $0.32 after the company announced safety and efficacy data from the complete Waldenstrom Macroglobulinemia cohort of its Phase 1/2 clinical trial of MB-106, showing an overall response rate of 90% with one patient remaining in complete remission at 31 months.</li>
<li>Allego N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLG#NASDAQ">ALLG</a>) gained 126.4% to $1.6750 after the company and its majority shareholder, Meridiam, announced a transaction framework agreement under which Meridiam will launch a tender offer for all issued and outstanding Allego shares not owned by Meridiam, with the option to tender shares for $1.70 per share in cash.</li>
<li>Scinai Immunotherapeutics Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCNI#NASDAQ">SCNI</a>) shares gained 92.6% to $6.74 after surging 24% on Friday. Scinai Immunotherapeutics, last week, received a non-binding Letter of Intent from the European Investment Bank for converting loan into equity.</li>
<li>TRxADE HEALTH, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEDS#NASDAQ">MEDS</a>) rose 47% to $9.50.</li>
<li>The Aaron&#8217;s Company, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAN#NYSE">AAN</a>) gained 32.2% to $9.97 after the company announced that it entered into a definitive agreement to be acquired by IQVentures Holdings.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) jumped 27% to $0.1044 after the company announced a $1 million share repurchase program.</li>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) surged 21.3% to $13.68. Xponential Fitness announced the appointment of Mark King as Chief Executive Officer.</li>
<li>Silynxcom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYNX#NASDAQ">SYNX</a>) gained 21.8% to $3.14.</li>
<li>Venus Concept Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERO#NASDAQ">VERO</a>) gained 13.6% to $1.0650 after the company announced that it has entered a new strategic resurfacing and skin tightening device supply arrangement with Skin Laundry Holdings.</li>
<li>Envirotech Vehicles, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVTV#NASDAQ">EVTV</a>) rose 12.8% to $1.4899.</li>
<li>CNS Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CNSP#NASDAQ">CNSP</a>) gained 12.8% to $3.1459. CNS Pharmaceuticals recently announced pricing of registered direct offering and concurrent private placement.</li>
<li>ENDRA Life Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NDRA#NASDAQ">NDRA</a>) gained 11.8% to $0.1159 after a 13G filing showed a 9.99% passive stake from S.H.N. Financial Investments Ltd.</li>
<li>Lexicon Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LXRX#NASDAQ">LXRX</a>) climbed 10.5% to $2.0099. HC Wainwright &amp; Co. analyst Joseph Pantginis initiated coverage on Lexicon Pharmaceuticals with a Buy rating and announced a price target of $10.</li>
<li>XTL Biopharmaceuticals Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTLB#NASDAQ">XTLB</a>) shares climbed 10.5% to $2.31 after falling around 5% on Friday. XTL recently entered into definitive agreement to acquire The Social Proxy.</li>
<li>Mirum Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MIRM#NASDAQ">MIRM</a>) gained 10.2% to $28.58. Mirum&#8217;s Volixibat achieved interim analyses in VANTAGE PBC and VISTAS PSC studies.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares rose 8.5% to $11.21. Ouster Director Virginia Boulet bought a total of 10,000 shares at an average price of $10.30.</li>
<li>Primo Water Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRMW#NASDAQ">PRMW</a>) gained 7.8% to $24.08 after the company and BlueTriton agreed to merge.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Aerovate Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVTE#NASDAQ">AVTE</a>) shares dipped 90.8% to $2.26 after the company reported 24-week topline results from phase 2b portion of IMPAHCT evaluating AV-101 for pulmonary arterial hypertension.</li>
<li>Kaival Brands Innovations Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KAVL#NASDAQ">KAVL</a>) shares dipped 33% to $3.9950. Kaival Brands Innovations Group shares jumped 338% on Friday after the company announced a $5 million offering of 3,012,048 units at $1.66 per unit.</li>
<li>Bluejay Diagnostics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJDX#NASDAQ">BJDX</a>) fell 29.4% to $0.36 in pre-market trading after jumping 12% on Friday.</li>
<li>Workhorse Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKHS#NASDAQ">WKHS</a>) declined 26% to $2.22. Workhorse announced a 1-for-20 reverse stock split of its common stock last week after shareholders approved the move at the company's annual meeting of stockholders in May.</li>
<li>AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) fell 25.7% to $11.67 after the company announced a private offering of $125 million of convertible senior notes.</li>
<li>iPower Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NYSE">IPW</a>) shares fell 24.4% to $2.49 after the company announced a $5 million registered direct offering.</li>
<li>Scorpius Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SCPX#NASDAQ">SCPX</a>) fell 21.3% to $0.0763 after the company received NYSE American notice of delisting and reported plans to appeal.</li>
<li>Atara Biotherapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ATRA#NASDAQ">ATRA</a>) declined 20.8% to $0.4044. Atara Biotherapeutics announced a 1-for-25 reverse stock split.</li>
<li>22nd Century Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XXII#NASDAQ">XXII</a>) dipped 20.7% to $0.6405.</li>
<li>SELLAS Life Sciences Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLS#NASDAQ">SLS</a>) fell 20.6% to $1.19. SELLAS Life Sciences announced review of ongoing Phase 3 REGAL clinical trial of Galinpepimut-S in acute myeloid leukemia by IDMC.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) dipped 19.6% to $11.00.</li>
<li>Feutune Light Acquisition Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLFV#NASDAQ">FLFV</a>) shares fell 18.5% to $7.99.</li>
<li>MYT Netherlands Parent B.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYTE#NASDAQ">MYTE</a>) declined 13.1% to $4.31.</li>
<li>Biomea Fusion, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMEA#NASDAQ">BMEA</a>) fell 12.8% to $4.9190.</li>
<li>BIMI Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIMI#NASDAQ">BIMI</a>) shares fell 12.6% to $1.92 after gaining 23% on Friday.</li>
<li>Cemtrex, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETX#NASDAQ">CETX</a>) fell 12.2% to $0.2451.</li>
<li>La Rosa Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRHC#NASDAQ">LRHC</a>) shares declined 11.1% to $1.04. La Rosa Holdings shares jumped around 76% on Friday after the company filed a request for the withdrawal of its registration statement on a Form S-1.</li>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) shares declined 10.5% to $4.07.</li>
<li>ZKH Group Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZKH#NYSE">ZKH</a>) fell 10.2% to $3.5850. ZKH Group recently announced a $50 million share repurchase program.</li>
<li>Bitdeer Technologies Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>) declined 9% to $9.05.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) fell 6.8% to $0.7636.</li>
<li>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) declined 6.3% to $86.25 after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.</li>
<li>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>) fell 5.3% to $5.44.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/24/06/39357134/wall-streets-most-accurate-analysts-spotlight-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields</a>

Intraday Update

Movers

AGRI

ALLG

AMCX

ATRA

AVTE

BIMI

BJDX

BMEA

BTDR

CETX

CNSP

EVTV

FCEL

FLFV

KAVL

LRHC

LXRX

MBIO

MEDS

MIRM

MYTE

NDRA

OUST

OVID

PRMW

SCNI

SCPX

SPCE

SYNX

TRNR

VERO

WKHS

XPOF

XTLB

XXII

Why Ovid Therapeutics Shares Are Trading Lower By 19%? Here Are Other Stocks Moving In Monday's Mid-Day Session

WIIM

Louisiana-Pacific shares are trading lower after Goldman Sachs downgraded the stock from Neutral to Sell and lowered its price target from $89 to $81.

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Monday.
Shares of AMC Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMCX#NASDAQ">AMCX</a>) fell sharply in today's pre-market trading after the company announced a private offering of $125 million of convertible senior notes.
AMC Networks shares dipped 9.4% to $14.24 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Evotec SE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NYSE">EVO</a>) shares fell 7.7% to $4.20 in pre-market trading.</li>
<li>Absci Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABSI#NASDAQ">ABSI</a>) declined 5.8% to $3.75 in pre-market trading after declining around 9% on Friday.</li>
<li>Humacyte, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HUMA#NASDAQ">HUMA</a>) fell 5.7% to $6.65 in pre-market trading.</li>
<li>Absci Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCI#NYSE">GCI</a>) fell 5.5% to $4.16 in pre-market trading.</li>
<li>ABIVAX Société Anonyme (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABVX#NASDAQ">ABVX</a>) declined 5.2% to $12.88 in pre-market trading.</li>
<li>Infinera Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INFN#NASDAQ">INFN</a>) shares fell 4.4% to $5.00 in pre-market trading.</li>
<li>Larimar Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) shares fell 4% to $9.02 in pre-market trading.</li>
<li>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) shares fell 3% to $89.35 in pre-market trading. Goldman Sachs analyst Susan Maklari downgraded Louisiana-Pacific from Neutral to Sell and lowered the price target from $89 to $81.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/06/39351018/lennar-la-z-boy-and-3-stocks-to-watch-heading-into-monday">Lennar, La-Z-Boy And 3 Stocks To Watch Heading Into Monday</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Pre-Market Outlook

ABSI

ABVX

HUMA

INFN

Larimar Therapeutics, Inc. - Common Stock

LRMR

AMC Networks, Louisiana-Pacific And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Goldman Sachs analyst Susan Maklari downgrades Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) from Neutral to Sell and lowers the price target from $89 to $81.

Goldman Sachs Downgrades Louisiana-Pacific to Sell, Lowers Price Target to $81

Analysts' ratings for Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) over the last quarter vary from bullish to bearish, as provided by 5 analysts.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $98.8, a high estimate of $110.00, and a low estimate of $82.00. This current average reflects an increase of 10.08% from the previous average price target of $89.75. 
<img src="https://www.benzinga.com/files/images/story/2024/1718384431_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
The analysis of recent analyst actions sheds light on the perception of Louisiana-Pacific by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Steven Chercover</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$110.00</td>
<td>$98.00</td>
</tr>
<tr>
<td>Steven Chercover</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$98.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Matthew McKellar</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$105.00</td>
<td>$88.00</td>
</tr>
<tr>
<td>Ketan Mamtora</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$99.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Jeffrey Stevenson</td>
<td>Loop Capital</td>
<td>Announces</td>
<td>Hold</td>
<td>$82.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Louisiana-Pacific. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Louisiana-Pacific compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Louisiana-Pacific's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Louisiana-Pacific's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/LPX/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Louisiana-Pacific analyst ratings.</a>
<h2>Unveiling the Story Behind Louisiana-Pacific</h2>
Louisiana-Pacific is primarily an oriented strand board producer and also offers engineered wood siding used in home construction and repair and remodel projects. The company is largely exposed to the North American housing market but has also established capacity in Brazil and Chile.
<h3>Louisiana-Pacific's Financial Performance</h3>
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Positive Revenue Trend: Examining Louisiana-Pacific's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 23.97% as of 31 March, 2024, showcasing a substantial increase in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Materials sector.
Net Margin: Louisiana-Pacific's net margin excels beyond industry benchmarks, reaching 14.92%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 6.8%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Louisiana-Pacific's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 4.39%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.23.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Expert Outlook: Louisiana-Pacific Through The Eyes Of 5 Analysts

DA Davidson analyst Steven Chercover maintains Louisiana-Pacific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>) with a Buy and raises the price target from $98 to $110.

DA Davidson Maintains Buy on Louisiana-Pacific, Raises Price Target to $110

Investment guru Warren Buffett confirmed Wednesday the trimming of his Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) stake and finally shed light on the mystery stock his firm, Berkshire Hathaway, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), accumulated <a href="https://www.benzinga.com/topic/warren-buffett">ahead of the first quarter</a>.
Apple, Chevron Trimmed: Berkshire reduced its Apple position by a little over 116 million.
The firm now owns 789,368,450 Apple shares valued at $135.36 billion, a 13F filing <a href="https://www.sec.gov/Archives/edgar/data/1067983/000095012324005622/xslForm13F_X02/32398.xml">shows</a>. This is the second straight quarter that the Buffett-led company has diluted its Apple stake.
The iPhone manufacturer remains Berkshire&#8217;s top holding.
Earlier this month, Buffett &#8212; at the annual Berkshire shareholder meeting &#8212; said the dilution has to do with footing the tax bill and the desire to hold more cash due to economic uncertainties. 
After adding 15.9 million Chevron Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) shares in the fourth quarter, the firm sold 3.1 million shares of the oil giant in the first quarter. The latest 13F showed Berkshire owning 112.98 million shares worth $305.70 million.
But Berkshire added 4.32 million shares of &nbsp;Occidental Petroleum Corp.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>), with its latest stake amounting to 248.02 million.
Berkshire maintained its stake in its other three core holdings:
<ul>
<li>Bank of America, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>): 1.03 million shares valued at $39.17 billion</li>
<li>American Express Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>): 151.61 million shares valued at $34.52 billion</li>
<li>Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>): 400 million shares valued at $24.47 billion</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/best-growth-stocks">Best Growth Stocks Right Now</a>
Mystery Stock Unveiled: Berkshire also finally disclosed the mystery stock it sounded out earlier. The firm bought a big chunk of Chubb Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) shares. 
Berkshire accumulated 25.92 million shares of the property and casualty insurer at a valuation of $6.72 billion. This stake gives Berkshire a 6.4% stake in the insurer (based on 406 million in outstanding shares).
Insurance has been a staple sector in Berkshire&#8217;s portfolio. Other holdings include auto insurer GEICO, reinsurance company General Re and Alleghany Corporation, a holding company of property and casualty reinsurance and insurance operating subsidiaries.
HP Stake Jettisoned: Berkshire cashed out of HP Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPQ#NYSE">HPQ</a>) in the first quarter. The firm sold all the 22.85 million shares (worth $687.64 million) of the computer and peripherals maker it held at the fourth quarter.
Other Disposals: Among the other portfolio stocks, the firm part disposed include:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td></td>
<td>Current Position (number of shares)</td>
<td>Q-o-Q Change</td>
</tr>
<tr>
<td>Louisiana-Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LPX#NYSE">LPX</a>)</td>
<td>6.60M</td>
<td>-6.34%</td>
</tr>
<tr>
<td>Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)</td>
<td>7.53M</td>
<td>-88.11%</td>
</tr>
<tr>
<td>Sirius XM Holdings Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIRI#NASDAQ">SIRI</a>)</td>
<td>36.68M</td>
<td>-8.85%</td>
</tr>
</tbody>
</table>
</figure>
At the shareholder meeting, Buffett previewed the Paramount Global sale and took the responsibility for zeroing in on the investment. 
&#8220;It was 100% my decision, and we&#8217;ve sold it all, and we lost quite a bit of money,&#8221; he said.
Berkshire Hathaway&#8217;s Class A shares were little changed at $413.01 in premarket trading, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Now Read: <a href="https://www.benzinga.com/markets/equities/24/05/38865106/bill-ackmans-pershing-square-q1-shake-up-home-retailer-dumped-hot-restaurant-stake-trimmed-and-a">Bill Ackman&#8217;s Pershing Square Q1 Shake-Up: Home Retailer Dumped, Hot Restaurant Stake Trimmed And A &#8216;Magnificent 7&#8217; Holding Juggled</a>
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