TD Securities Lowers Louisiana-Pacific (NYSE:LPX) Price Target to $117.00

Louisiana-Pacific (NYSE:LPX) had its price target decreased by equities researchers at TD Securities from $123.00 to $117.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the building manufacturing company’s stock. TD Securities’ price target points to a potential upside of 14.93% from the stock’s current price.

Several other brokerages also recently commented on LPX. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday. The Goldman Sachs Group boosted their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. DA Davidson dropped their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Truist Financial lifted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific Price Performance

LPX stock traded up $0.30 during trading on Thursday, hitting $101.80. 763,089 shares of the company’s stock traded hands, compared to its average volume of 643,421. The business has a fifty day simple moving average of $110.81 and a 200 day simple moving average of $106.48. Louisiana-Pacific has a 52 week low of $66.77 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 market capitalization of $7.15 billion, a price-to-earnings ratio of 17.54, a P/E/G ratio of 1.37 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share. As a group, research analysts expect that Louisiana-Pacific will post 5.64 EPS for the current fiscal year.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific during the 4th quarter valued at about $35,000. Versant Capital Management Inc lifted its holdings in shares of Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in Louisiana-Pacific during the third quarter worth about $38,000. Finally, Covestor Ltd raised its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $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.

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.