Brokerages Set Louisiana-Pacific Co. (NYSE:LPX) Price Target at $108.38

Louisiana-Pacific Co. (NYSE:LPX) has been given an average rating of “Hold” by the nine analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $108.38.

LPX has been the subject of several recent research reports. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. DA Davidson boosted their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Truist Financial raised their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Finally, TD Securities raised their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the sale, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LPX. FMR LLC lifted its stake in Louisiana-Pacific by 25.2% in the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after purchasing an additional 638,058 shares during the last quarter. State Street Corp lifted its position in shares of Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock valued at $231,529,000 after buying an additional 210,113 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after acquiring an additional 1,096,804 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Louisiana-Pacific by 32.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock worth $71,192,000 after acquiring an additional 162,976 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Louisiana-Pacific by 3.3% during the 4th quarter. Bank of New York Mellon Corp now owns 613,752 shares of the building manufacturing company’s stock worth $63,554,000 after acquiring an additional 19,772 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Up 1.2 %

NYSE LPX opened at $117.98 on Monday. The stock has a market capitalization of $8.29 billion, a P/E ratio of 20.34, a price-to-earnings-growth ratio of 1.41 and a beta of 1.95. Louisiana-Pacific has a 52 week low of $64.61 and a 52 week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock has a fifty day moving average of $111.94 and a 200-day moving average of $105.29.

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.