Louisiana-Pacific (NYSE:LPX) PT Raised to $113.00

Louisiana-Pacific (NYSE:LPX) had its target price boosted by Truist Financial from $105.00 to $113.00 in a research report released on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the building manufacturing company’s stock.

Several other research analysts have also issued reports on the stock. Royal Bank of Canada raised their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Friday, September 13th. Bank of America lifted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $93.56.

Louisiana-Pacific Trading Up 1.7 %

LPX opened at $105.16 on Tuesday. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.54 billion, a PE ratio of 28.89, a PEG ratio of 4.96 and a beta of 1.88. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $109.73. The firm has a 50-day moving average price of $100.11 and a two-hundred day moving average price of $90.65.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. As a group, equities analysts anticipate that Louisiana-Pacific will post 5.04 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s payout ratio is currently 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred 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 completion of the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at approximately $25,000. Whittier Trust Co. acquired a new position in Louisiana-Pacific during the first quarter worth $31,000. Bessemer Group Inc. increased its holdings in Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 318 shares during the last quarter. GAMMA Investing LLC increased its holdings in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after buying an additional 177 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific during the third quarter worth $43,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Louisiana-Pacific

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.