Zacks Industry Outlook Trex, Louisiana-Pacific and JELD-WEN

Zacks10-30 17:30

For Immediate Release Chicago, IL – October 30, 2024 – Today, Zacks Equity Research like Trex Company, Inc. TREX, Louisiana-Pacific Corp. LPX and JELD-WEN Holding, Inc. JELD. Industry: Building ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2479270052?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/FtHYn4v9qhm2G3HesuZE8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6d1a08e2052acf3a5d2311335139fbb3","is_english":true,"pubTime":"2024-10-30 17:30","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2479270052","market":"us","top_or_hot":-1,"title":"Zacks Industry Outlook Trex, Louisiana-Pacific and JELD-WEN","media":"Zacks","content":"<div>\n<p>For Immediate Release\nChicago, IL – October 30, 2024 – Today, Zacks Equity Research like Trex Company, Inc. TREX, Louisiana-Pacific Corp. LPX and JELD-WEN Holding, Inc. JELD.\nIndustry: Building ...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-industry-outlook-trex-louisiana-093000153.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Zacks Industry Outlook Trex, Louisiana-Pacific and JELD-WEN</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZacks Industry Outlook Trex, Louisiana-Pacific and JELD-WEN\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-30 17:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/zacks-industry-outlook-trex-louisiana-093000153.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For Immediate Release\nChicago, IL – October 30, 2024 – Today, Zacks Equity Research like Trex Company, Inc. TREX, Louisiana-Pacific Corp. LPX and JELD-WEN Holding, Inc. JELD.\nIndustry: Building ...</p>\n\n<a href=\"https://finance.yahoo.com/news/zacks-industry-outlook-trex-louisiana-093000153.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IVV","symbol_name":"标普500指数ETF","start_time":0,"source_url":"https://finance.yahoo.com/news/zacks-industry-outlook-trex-louisiana-093000153.html","article_id":"2479270052","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/FtHYn4v9qhm2G3HesuZE8Q--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/6d1a08e2052acf3a5d2311335139fbb3"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479270052","pubTimestamp":1730280600,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago, IL – October 30, 2024 – Today, Zacks Equity Research like Trex Company, Inc. TREX, Louisiana-Pacific Corp. LPX and JELD-WEN Holding, Inc. JELD.Spending on home repair and remodel (R&R) activities has decreased from the peaks seen during the pandemic, given high rates. Higher mortgage rates have resulted in a substantial number of potential homebuyers being unable to afford properties in the U.S. housing market. This, in turn, has created challenging demand conditions for companies within the Zacks Building Products – Wood industry. Nonetheless, there remains a persistent need for investment in critical replacements, addressing home performance deficiencies, and modernization efforts in the nation's aging homes.Also, increased funding for infrastructure and carbon/ESG-related projects has been encouraging. Despite lingering concerns surrounding elevated mortgage rates and consumer’s cautious approach, efficient cost management, a steadfast commitment to product innovation, and ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IVV":"标普500指数ETF","SH":"标普500反向ETF","SPXU":"三倍做空标普500ETF","LPX":"路易斯安那太平洋","OEX":"标普100","WEN":"温蒂汉堡","SPY":"标普500ETF","BK4186":"林业产品","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","JELD":"JELD-WEN Holding Inc.","SDS":"两倍做空标普500ETF","OEF":"标普100指数ETF-iShares","BK4559":"巴菲特持仓","UPRO":"三倍做多标普500ETF","BK4550":"红杉资本持仓","BK4588":"碎股","TREX":"Trex Co Inc","VOO":"Vanguard标普500ETF",".SPX":"S&P 500 Index","BK4086":"建筑产品","BK4547":"WSB热门概念","BK4504":"桥水持仓","BK4581":"高盛持仓","BK4209":"餐馆","SSO":"两倍做多标普500ETF"},"translate_title":"Zacks行业展望Trex、路易斯安那-太平洋和JELD-WEN","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WEN":1,"TREX":1,"LPX":1,"JELD":1,"VOO":0.83,"SPY":0.83,"IVV":0.6,"UPRO":0.6,"SSO":0.6,"SPXU":0.6,"SH":0.6,"SDS":0.6,"OEX":0.6,"OEF":0.6,".SPX":0.6,"ESmain":0.6},"content_text":"For Immediate Release\nChicago, IL – October 30, 2024 – Today, Zacks Equity Research like Trex Company, Inc. TREX, Louisiana-Pacific Corp. LPX and JELD-WEN Holding, Inc. JELD.\nIndustry: Building Products - Wood\nLink: https://www.zacks.com/commentary/2359424/3-wood-stocks-to-navigate-challenging-industry-landscape\nSpending on home repair and remodel (R&R) activities has decreased from the peaks seen during the pandemic, given high rates. Higher mortgage rates have resulted in a substantial number of potential homebuyers being unable to afford properties in the U.S. housing market. This, in turn, has created challenging demand conditions for companies within the Zacks Building Products – Wood industry. Nonetheless, there remains a persistent need for investment in critical replacements, addressing home performance deficiencies, and modernization efforts in the nation's aging homes.\nAlso, increased funding for infrastructure and carbon/ESG-related projects has been encouraging. Despite lingering concerns surrounding elevated mortgage rates and consumer’s cautious approach, efficient cost management, a steadfast commitment to product innovation, and strategic acquisitions are expected to offer support to industry players such as Trex Company, Inc., Louisiana-Pacific Corp. and JELD-WEN Holding, Inc.\nIndustry Description\nThe Zacks Building Products – Wood industry includes forest product companies and manufacturers of lumber as well as other wood products used in home construction, repair and remodeling along with the development of outdoor structures. Companies in the industry design, manufacture, source and sell flooring products like tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories.\nThe industry players are also involved in the manufacturing and distribution of wood and plastic composite products along with related accessories, mainly for residential decking and railing applications. The industry also includes timberland real estate investment trusts or REITs.\n4 Trends Shaping the Future of Building Products - Wood Industry\nHigh Rates: The industry’s prospects are highly correlated with the U.S. housing and the R&R market (considered one of the largest in terms of lumber demand) conditions. The wood industry in the United States is expected to feel the pinch as consumer confidence remains low and interest rates remain at their highest level in over two decades. Although the Federal Reserve reduced the rate by half a percentage point (bringing it to a range of 4.75%-5%) on Sept. 18, 2024, mortgage rates remained elevated in the mid-6% range.\nEconomic uncertainty and ongoing weakness in home sales and building material sales are limiting residential remodeling. The residential remodeling sector is poised to gain from the resurgence of the housing market and the stabilization of material expenses as we progress into the upcoming year.\nRapid Lumber Market Swings: Historically, volatility in lumber prices has been a major concern for the wood industry. Any unusual rise in the cost of lumber products sold by primary producers increases the cost of inventory and limits margins on fixed-priced lumber products. Yet, a decline in costs eats into profits as products sold are indexed to the current lumber market.\nMeanwhile, the timberland business is governed by federal rules and state forestry commissions, which are subject to frequent changes, thereby affecting businesses. Due to the very nature of their properties, timberland REITs are required to follow eco-friendly mandates in their trade.\nHigher Spending on Carbon/ESG Projects: The industry participants are experiencing higher funding for carbon/ESG-related projects to pursue carbon capture and storage work. Also, increased government spending on infrastructure projects bodes well.\nAcquisitions, Product Innovation & Efficient Cost-Reduction Strategies: The companies also bank on acquisitions and divestitures to expand and improve portfolio quality. New products continue to be an important top-line driver for the industry players. Also, efforts to introduce products are likely to have helped the players.\nAgain, in a bid to reduce costs, companies have been reducing the cost structure of their facilities through the sale or shutdown of underperforming units and manufacturing facilities, as well as investments in technology. Also, the industry players have been focusing on operational excellence, comprising merchandising for value, harvest, and transportation efficiencies and boosting harvest to capture seasonal and short-term opportunities.\nZacks Industry Rank Indicates Dull Prospects\nThe Zacks Building Products – Wood industry is a nine-stock group within the broader Construction sector. The Zacks Wood industry currently carries a Zacks Industry Rank #158, which places it in the bottom 37% of more than 250 Zacks industries.\nThe group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bleak near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nThe industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a lower earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since August 2024, the industry’s earnings estimates for 2024 have decreased to $2.18 from $2.24 per share.\nDespite the industry’s blurred near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.\nIndustry Lags Sector & S&P 500\nThe Zacks Building Products – Wood industry has underperformed the broader Zacks Construction sector and the Zacks S&P 500 Composite over the past year.\nOver this period, the industry has gained 37.2% compared with the broader sector’s 56.8% rise. The Zacks S&P 500 Composite has gained 39.4% over this period.\nIndustry's Current Valuation\nOn the basis of the forward 12-month price-to-earnings ratio, which is a commonly used multiple for valuing wood stocks, the industry trades at 23.5X versus the S&P 500’s 22.1X and the sector’s 17.7X.\nOver the last five years, the industry has traded as high as 26.7X, as low as 12.2X and at a median of 19.3X.\n3 Wood Stocks to Keep an Eye On\nWe have highlighted three stocks from the industry, which have been capitalizing on fundamental strengths.\nLouisiana-Pacific: The company, often referred to as LP Building Solutions, operates out of Nashville, TN. It specializes in offering building solutions primarily tailored for new home construction, repair and remodeling projects, as well as outdoor structure markets. Looking ahead to 2024 and beyond, the company is poised for growth and market share increases in Siding and Structural Solutions. This is due to LP's recent investments in mill and prefinishing capacity, which enhance its competitive position. Additionally, improved operational efficiency and a positive outlook for single-family housing further bolster this optimistic outlook.\nLPX — a Zacks Rank #3 (Hold) company — gained 99.5% over the past year. LPX earnings surpassed the consensus mark in all the trailing four quarters, with the average surprise being 25.2%. LPX earnings are expected to grow 56.5% in 2024. It carries an impressive VGM Score of B. This helps to identify stocks with the most attractive value, growth and momentum.\nJELD-WEN Holding: Headquartered in Charlotte, NC, JELD-WEN designs, manufactures and sells doors and windows primarily in North America, Europe and Australasia. Despite the continuing uncertain macro environment across the company's portfolio of products and geographies in North America and Europe, JELD is expected to benefit from ongoing productivity improvements that mitigate the impact of potential volume declines.\nJELD-WEN has been focusing on margin expansion and increasing cash flow generation by reducing cost structure through operational efficiencies and rationalizing its global footprint. At the same time, JELD has streamlined workstreams for long-term profitable growth by optimizing the production network and investing in products and services to better serve customers.\nJELD — a Zacks Rank #3 company — has gained 29.4% over the past year. JELD earnings surpassed the consensus mark in all the trailing four quarters, with the average surprise being 31.5%. This company carries an impressive VGM Score of A. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nTrex Company: Based in Winchester, VA, this company manufactures and distributes wood and plastic composite products as well as related accessories, mainly for residential decking and railing applications. The company has been reaping the rewards of robust demand for its premium products and cost-reduction efforts.\nNew product development has been pivotal, with recent innovations such as steel, mesh, and aluminum railing systems and heat-mitigating technology in new decking colors aligning well with consumer preferences. This product expansion supports Trex’s strategic goal of doubling its share of the railing market over five years.\nAdditionally, Trex's line of branded fasteners enhances its offering, providing channel partners with a competitive, end-to-end solution that appeals to a wider consumer base across various price points. Its focus on automation, modernization, energy efficiency and raw material processing is expected to be a major tailwind.\nTREX — a Zacks Rank #3 company — gained 20.3% over the past year. TREX earnings surpassed the consensus mark in all the trailing four quarters, with the average surprise being 9.2%. Earnings projections for 2024 have risen to $2.04 from $2.03 per share in the past 30 days. TREX earnings are expected to grow 9.7% in 2024.\nWhy Haven't You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nZacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nsupport@zacks.com\nhttps://www.zacks.com\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance  for information about the performance numbers displayed in this press release.\n\n\n\n\n\n\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nLouisiana-Pacific Corporation (LPX) : Free Stock Analysis Report\nTrex Company, Inc. (TREX) : Free Stock Analysis Report\nJELD-WEN Holding, Inc. (JELD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2479270052"}