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

Louisiana-Pacific (NYSE:LPX) had its target price upped by TD Securities from $115.00 to $123.00 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a hold rating on the building manufacturing company’s stock.

A number of other brokerages have also recently commented on LPX. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Truist Financial raised their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. Finally, Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $101.78.

Louisiana-Pacific Stock Performance

LPX traded up $0.58 on Wednesday, reaching $108.72. The stock had a trading volume of 44,989 shares, compared to its average volume of 844,501. The business’s 50-day moving average price is $101.89 and its two-hundred day moving average price is $92.98. The company has a market cap of $7.64 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. Louisiana-Pacific has a 12-month low of $57.13 and a 12-month high of $113.04. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. Sell-side analysts forecast that Louisiana-Pacific will post 5.12 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. Louisiana-Pacific’s dividend payout ratio (DPR) is 16.91%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction dated Wednesday, August 21st. The stock was 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 directly 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 disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock worth $3,368,774 in the last 90 days. Insiders own 1.53% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in LPX. Fidelis Capital Partners LLC purchased a new stake in shares of Louisiana-Pacific in the 1st quarter valued at $25,000. Whittier Trust Co. purchased a new stake in Louisiana-Pacific during the first quarter worth about $31,000. Bessemer Group Inc. lifted its position in shares of 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 purchasing an additional 318 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $38,000. Finally, GAMMA Investing LLC grew its holdings in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. 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.