Louisiana-Pacific (NYSE:LPX) Rating Lowered to Hold at StockNews.com

Louisiana-Pacific (NYSE:LPX) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Sunday.

Other equities analysts also recently issued reports about the company. Truist Financial lifted their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday. The Goldman Sachs Group upped their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday. Finally, TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $101.78.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $111.63 on Friday. The business has a 50-day simple moving average of $102.40 and a 200 day simple moving average of $93.49. Louisiana-Pacific has a 52 week low of $57.13 and a 52 week high of $113.04. The company has a quick ratio of 1.95, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.84 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 4.79 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. During the same quarter in the prior year, the company earned $0.55 EPS. The business’s revenue was up 33.2% compared to the same quarter last year. On average, research analysts forecast that Louisiana-Pacific will post 5.29 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific in the 3rd quarter worth approximately $38,000. V Square Quantitative Management LLC acquired a new stake in shares of Louisiana-Pacific in the third quarter worth $43,000. Covestor Ltd raised its stake in Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Bessemer Group Inc. increased its holdings in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after buying an additional 318 shares during the period. Finally, First Horizon Advisors Inc. increased its holdings in Louisiana-Pacific by 77.3% in the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after buying an additional 201 shares during the period. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.