Louisiana-Pacific's (LPX) Stock Rallies 21% YTD: Here's Why
Louisiana-Pacific(LPX) ZACKS·2024-06-25 01:25
Louisiana-Pacific Corporation (LPX) or LP’s stock has rallied so far this year despite the industry’s collective decline. The company’s shares have gained 21.2% in the year-to-date period against the Zacks Building Products – Wood industry’s 8.1% decline.The Zacks Construction sector and S&P 500 Index gained 5.6% and 14.9%, respectively, in the year-to-date period.LP’s efforts to increase penetration of Siding products in repair/remodeling and the rollout of SmartSide products are major boosts to the compan ...