Louisiana-Pacific (NYSE:LPX) Price Target Raised to $123.00

Louisiana-Pacific (NYSE:LPX) had its target price boosted by TD Securities from $115.00 to $123.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the building manufacturing company’s stock. TD Securities’ price objective points to a potential upside of 14.53% from the company’s previous close.

A number of other equities research analysts have also recently commented on the company. Truist Financial lifted their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. BMO Capital Markets cut 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. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. Bank of America boosted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. Finally, StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $101.78.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $1.10 during mid-day trading on Wednesday, reaching $107.40. 530,604 shares of the company’s stock were exchanged, compared to its average volume of 845,825. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 4.60 and a beta of 1.88. Louisiana-Pacific has a 52 week low of $57.13 and a 52 week high of $113.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The firm has a 50-day moving average price of $101.66 and a two-hundred day moving average price of $92.87.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. Analysts predict that Louisiana-Pacific will post 5.12 EPS for the current year.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the business’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s 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 directly owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Fidelis Capital Partners LLC bought a new stake in shares of Louisiana-Pacific during the 1st quarter worth $25,000. Harbor Capital Advisors Inc. purchased a new position in Louisiana-Pacific in the third quarter worth $38,000. Whittier Trust Co. purchased a new position in Louisiana-Pacific in the first quarter worth $31,000. V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the third quarter worth $43,000. Finally, Covestor Ltd grew its position in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other 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.