Royal Bank of Canada Reaffirms “Outperform” Rating for Louisiana-Pacific (NYSE:LPX)

Louisiana-Pacific (NYSE:LPX)‘s stock had its “outperform” rating reiterated by analysts at Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They currently have a $125.00 target price on the building manufacturing company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 26.55% from the company’s previous close.

Several other research analysts also recently weighed in on the company. Truist Financial lifted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. TD Securities boosted their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, DA Davidson increased their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.00.

Louisiana-Pacific Stock Down 2.1 %

Shares of NYSE:LPX opened at $98.78 on Thursday. Louisiana-Pacific has a 1-year low of $67.47 and a 1-year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The stock has a market cap of $6.94 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.23 and a beta of 1.95. The firm has a fifty day moving average price of $110.24 and a 200 day moving average price of $106.49.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.71 earnings per share. Sell-side analysts predict that Louisiana-Pacific will post 5.37 EPS for the current year.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Louisiana-Pacific

A number of institutional investors have recently bought and sold shares of the company. UMB Bank n.a. raised its stake in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific during the 4th quarter valued at about $35,000. Versant Capital Management Inc increased its holdings in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific during the third quarter worth about $38,000. Finally, Covestor Ltd lifted its holdings in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. 94.73% of the stock is currently 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.