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 23, 2024, LPX stock price climbed to $73.89 with 529,419 million shares trading.

LPX has a beta of 2.13, meaning it tends to be more sensitive to market movements. LPX has a correlation of 0.48 to the broad based SPY ETF.

LPX has a market cap of $5.34 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 underperformed the market in the last year with a price return of +22.1% while the SPY ETF gained +24.3%. However, in the short term, LPX had mixed performance relative to the market. It has outperformed in the last 3 months, returning +12.8% vs +4.6% return in SPY. But in the last 2 weeks, LPX shares have been beat by the market, returning -7.4% compared to an SPY return of -2.6%.

LPX support price is $72.02 and resistance is $74.44 (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.