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Louisiana-Pacific Corporation (LPX)

  • Mon, Apr. 13, 7:36 AM
    • RBC Capital upgrades Louisiana-Pacific (NYSE:LPX) from Underperform to Sector Perform citing a positive OSB price outlook.
    • The firm currently has a $15 price target on the stock.
    • LPX +0.8% premarket
    | Comment!
  • Dec. 8, 2014, 12:45 PM
  • Dec. 8, 2014, 11:10 AM
    • Louisiana-Pacific (LPX +13.2%) has its tail way in the air after Norbord (OTCPK:NBRXF +4.7%) agrees to buy Ainsworth (OTCPK:ANSBF +8.4%) in an all-stock deal valued at $762.6M. The merged company will have total OSB capacity of about 7.7B square feet, making it the largest in the sector.
    • Also looking on with interest is Boise Cascade (BCC +0.7%).
    | Comment!
  • Dec. 8, 2014, 10:55 AM
    • Shares of Louisiana-Pacific (LPX +12.4%) are soaring, trading up 12.4% on above average volume.
    • About 3.7M shares have been traded today, compared to the 30-day average volume of 3.4M.
    | Comment!
  • May 14, 2014, 2:42 PM
    • Louisiana-Pacific (LPX -2.6%) and Ainsworth Lumber (ANSBF -15.5%) say they are terminating their planned combination.
    • LPX had warned last week of a potential legal fight with the U.S. Justice Department and Canada's antitrust regulator over required divestitures to complete the deal.
    • The companies say they mutually agreed to end the deal and that no breakup fee will be payable by either party.
    | 1 Comment
  • Sep. 5, 2013, 11:54 AM
    • Louisiana-Pacific (LPX +10.7%) shares climb as investors absorb the company's $1.1B acquisition of Ainsworth Lumber. CEO Curt Stevens characterized the move as a play on the U.S. housing recovery and a chance to gain exposure to Asian markets.
    • Following the announcement, Deutsche upgraded LPX to Buy with a PT of $21 ($20 previous): "In a segment legendary for aggressive & destructive 'herd behavior,' consolidation places latent capacity in a smaller number of hands and reduces the risk of too many players restarting too much capacity too quickly ... On its own, this deal looks attractive: ANS has the best margins among peers."
    • DA Davidson also upgraded the company to Buy.
    | Comment!
  • Sep. 5, 2013, 9:14 AM
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  • Sep. 4, 2013, 5:31 PM
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  • Jun. 13, 2013, 5:31 PM
    After-hours top gainers, as of 5:15 p.m.: RH +11%. SWHC +6%. PXLW +5%. OCN +4%. AVNR +3%.
    After-hours top losers: GCI -5%. LPX -3%. BEE -3%. ELN -2%. MTG -2%.
    | Comment!
  • Feb. 8, 2013, 8:24 AM
    Louisiana-Pacific (LPX): Q4 EPS of $0.34 beats by $0.08. Revenue of $458.7M beats by $15M. Shares +3.4% premarket. (PR)
    | Comment!
  • Jul. 31, 2012, 8:23 AM
    Louisiana-Pacific (LPX): Q2 EPS of $0.02 misses by $0.02. Revenue of $428M (+18% Y/Y) beats by $9M. Shares -8.3% premarket. (PR)
    | Comment!
  • May 7, 2012, 3:47 PM
    Louisiana-Pacific (LPX +5.6%) trades up after its Q1 easily beats estimates this morning. Losses narrowed sharply as the construction materials company's siding segment saw sales improve by 6% and operating earnings grow nearly 31% Y/Y.
    | Comment!
  • Feb. 8, 2012, 11:23 AM
    Louisiana-Pacific (LPX -4.1%) dips after UBS downgrades the shares to Sell on the back of its disappointing Q4 yesterday, saying a material price recovery is unlikely given current weak industry utilization numbers. DA Davidson also cuts the shares to Neutral, noting that it doesn't expect the company to return to profitability until 2014.
    | Comment!
  • Feb. 7, 2012, 3:47 PM
    Louisiana-Pacific (LPX -6.6%) dips after missing its Q4 estimates on all fronts. Losses widened slightly Y/Y, despite posting gains on a large asset-sale, as the construction-materials company's overall sales for the quarter grew slower than expected.
    | Comment!
  • Dec. 19, 2011, 10:30 AM
    Louisiana-Pacific (LPX -1.5%) dips after being downgraded to Reduce on valuation by TD Newcrest. The stock has been a solid performer during the recent fall rally, gaining over 42% since early October.
    | Comment!
  • Oct. 13, 2011, 3:58 PM
    RBC upgrades beaten-down building products supplier Louisiana-Pacific (LPX +3.5%) to Outperform "as the share price is discounting an overly pessimistic outlook for" strand-board prices. The stock has been cut by a third since July, and RBC notes a seasonal upswing in wood-panel prices is key to its call on LPX.
    | Comment!
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Company Description
Louisiana-Pacific Corp along with its subsidiaries is engaged in the manufacturing of building products. The Company's business segments are North America Oriented Strand Board, Siding, Engineered Wood Products and South America.