LPX Stock Summary and Trading Ideas (Louisiana-Pacific | NYSE:LPX)

Louisiana-Pacific is primarily an oriented strand board producer, while offering 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.

Louisiana-Pacific trades on the NYSE stock market under the symbol LPX.

As of April 18, 2024, LPX stock price declined to $72.02 with 738,187 million shares trading.

LPX has a beta of 2.12, meaning it tends to be more sensitive to market movements. LPX has a correlation of 0.44 to the broad based SPY ETF.

LPX has a market cap of $5.20 billion. This is considered a Mid Cap stock.

Last quarter Louisiana-Pacific reported $658 million in Revenue and $.71 earnings per share. This beat revenue expectation by $38 million and exceeded earnings estimates by $.16.

In the last 3 years, LPX stock traded as high as $84.54 and as low as $48.20.

The top ETF exchange traded funds that LPX belongs to (by Net Assets): VTI, IJH, VB, VBR, VXF.

LPX has outperformed the market in the last year with a return of +22.3%, while the SPY ETF gained +22.2%. In the last 3 month period, LPX beat the market returning +6.7%, while SPY returned +5.2%. However, in the most recent 2 weeks LPX has underperformed the stock market by returning -10.7%, while SPY returned -2.6%.

LPX support price is $71.52 and resistance is $73.98 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LPX stock will trade within this expected range on the day.