Louisiana-Pacific (NYSE:LPX) Given New $125.00 Price Target at Royal Bank of Canada

Louisiana-Pacific (NYSE:LPX) had its target price upped by Royal Bank of Canada from $119.00 to $125.00 in a research report report published on Wednesday,Benzinga reports. They currently have an outperform rating on the building manufacturing company’s stock.

Other equities research analysts have also issued research reports about the stock. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a research report on Thursday, August 8th. Truist Financial boosted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. The Goldman Sachs Group boosted their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday. Finally, Bank of America boosted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus target price of $101.78.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock traded up $0.40 during midday trading on Wednesday, reaching $108.54. 75,719 shares of the stock traded hands, compared to its average volume of 844,644. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $101.89 and a two-hundred day moving average price of $92.98. The firm has a market cap of $7.63 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 4.63 and a beta of 1.88. Louisiana-Pacific has a fifty-two week low of $57.13 and a fifty-two week high of $113.04.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. During the same period in the previous year, the business posted $0.55 EPS. Louisiana-Pacific’s revenue was up 33.2% on a year-over-year basis. On average, equities research analysts forecast that Louisiana-Pacific will post 5.12 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 16.91%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the sale, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares in the company, valued at $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,900 shares of company stock valued at $3,368,774 in the last 90 days. 1.53% of the stock is currently owned by insiders.

Institutional Trading of Louisiana-Pacific

Several hedge funds have recently bought and sold shares of the stock. Chesapeake Capital Corp IL raised its holdings in Louisiana-Pacific by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 7,622 shares of the building manufacturing company’s stock worth $817,000 after buying an additional 1,663 shares during the period. Empowered Funds LLC raised its holdings in shares of Louisiana-Pacific by 238.1% in the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock valued at $2,136,000 after purchasing an additional 14,001 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of Louisiana-Pacific in the third quarter worth $224,000. Metis Global Partners LLC lifted its position in shares of Louisiana-Pacific by 114.7% in the third quarter. Metis Global Partners LLC now owns 6,510 shares of the building manufacturing company’s stock worth $700,000 after purchasing an additional 3,478 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Louisiana-Pacific by 4.2% in the third quarter. KBC Group NV now owns 7,758 shares of the building manufacturing company’s stock worth $834,000 after purchasing an additional 316 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.