Louisiana-Pacific: Uncertain Housing Market Creating Headwind [Seeking Alpha]
Louisiana-Pacific Corporation (LPX)
Last louisiana-pacific corporation earnings: 2/11 06:55 am
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US:NYSE Investor Relations:
lpcorp.gcs-web.com/investor-overview
Company Research
Source: Seeking Alpha
US housing starts dropped 14.8% in January 2024, led by a decrease in both single and multifamily housing, with the latter falling more. February 2024's mortgage rate rose due to hotter-than-expected inflation data. With a mixed outlook and a lack of margin of safety in its share price, I am recommending a hold rating. Synopsis Louisiana-Pacific ( NYSE: LPX ) is a company that specializes in building solutions and produces products such as siding and oriented strand board. LPX's historical revenue growth rate and margins were volatile as its products' demand is highly correlated to home construction activity. In FY2023, its revenue growth and margins took a hit due to decreasing housing starts. Looking ahead, the uncertain macroeconomic environment is casting shadows regarding interest rate cuts, which resulted in mortgage rates creeping upward. Given the uncertainty in LPX's growth outlook coupled with low upside potential, I recommend a hold rating due to the lack of margin
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LPX
News
- Louisiana-Pacific Co. (NYSE: LPX) is now covered by analysts at Loop Capital. They set a "hold" rating and a $82.00 price target on the stock.MarketBeat
- Louisiana-Pacific (LPX) Beats Stock Market Upswing: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Greenhaven Road Capital - Louisiana-Pacific Corp.: This Is A Business That Will Get Better Over Time [Seeking Alpha]Seeking Alpha
- Why Investors Need to Take Advantage of These 2 Construction Stocks Now [Yahoo! Finance]Yahoo! Finance
- Louisiana-Pacific (LPX) Stock Slides as Market Rises: Facts to Know Before You Trade [Yahoo! Finance]Yahoo! Finance
LPX
Earnings
- 2/14/24 - Beat
LPX
Sec Filings
- 3/27/24 - Form ARS
- 3/27/24 - Form DEFA14A
- 3/27/24 - Form DEF
- LPX's page on the SEC website