Louisiana-Pacific (NYSE:LPX) Price Target Raised to $125.00

Louisiana-Pacific (NYSE:LPX) had its target price upped by DA Davidson from $110.00 to $125.00 in a report released on Wednesday morning,Benzinga reports. DA Davidson currently has a buy rating on the building manufacturing company’s stock. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2024 earnings at $0.67 EPS, FY2024 earnings at $5.53 EPS and FY2025 earnings at $4.72 EPS.

Other equities research analysts have also issued research reports about the stock. Truist Financial raised their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note 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 note on Wednesday. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a report on Thursday, August 8th. Finally, TD Securities upped their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday. Two investment 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. According to MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $101.78.

Louisiana-Pacific Stock Performance

LPX stock opened at $111.63 on Wednesday. The business has a 50 day moving average of $102.40 and a 200-day moving average of $93.35. The firm has a market cap of $7.84 billion, a PE ratio of 19.25, a P/E/G ratio of 4.79 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 quick ratio of 1.95, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results 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. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. As a group, sell-side analysts expect that Louisiana-Pacific will post 5.29 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, 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 value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction dated 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 sale, 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 disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of LPX. Price T Rowe Associates Inc. MD lifted its holdings in shares of Louisiana-Pacific by 11.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after acquiring an additional 177,132 shares during the last quarter. Marshall Wace LLP raised its position in Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after purchasing an additional 602,803 shares in the last quarter. William Blair Investment Management LLC bought a new stake in Louisiana-Pacific during the second quarter worth about $91,053,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of Louisiana-Pacific by 6.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock worth $77,660,000 after purchasing an additional 57,966 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after purchasing an additional 292,200 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.