Louisiana-Pacific (NYSE:LPX) PT Raised to $99.00 at BMO Capital Markets

Louisiana-Pacific (NYSE:LPX) had its target price lifted by research analysts at BMO Capital Markets from $83.00 to $99.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the building manufacturing company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 14.86% from the stock’s previous close.

Several other equities research analysts have also recently commented on LPX. TheStreet cut shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. TD Cowen reiterated a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. DA Davidson reissued a “buy” rating and issued a $76.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Loop Capital assumed coverage on Louisiana-Pacific in a research report on Friday, May 3rd. They set a “hold” rating and a $82.00 target price for the company. Finally, Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $77.44.

Louisiana-Pacific Price Performance

LPX traded down $1.95 during trading on Thursday, hitting $86.19. The company’s stock had a trading volume of 716,226 shares, compared to its average volume of 910,712. The firm’s 50 day moving average price is $77.41 and its two-hundred day moving average price is $69.26. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $88.40. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 35.30 and a beta of 1.87.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.40. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business’s quarterly revenue was up 24.0% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. Sell-side analysts forecast that Louisiana-Pacific will post 4.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the sale, the director now owns 25,995 shares of the company’s stock, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of large investors have recently added to or reduced their stakes in LPX. Eminence Capital LP raised its holdings in Louisiana-Pacific by 31.4% in the 4th quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock valued at $145,697,000 after acquiring an additional 491,641 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Louisiana-Pacific by 83.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock valued at $110,717,000 after purchasing an additional 712,671 shares in the last quarter. Franklin Resources Inc. lifted its position in Louisiana-Pacific by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock worth $80,465,000 after purchasing an additional 103,249 shares during the period. Channing Capital Management LLC acquired a new stake in Louisiana-Pacific during the fourth quarter worth about $73,662,000. Finally, Invesco Ltd. grew its stake in Louisiana-Pacific by 57.8% during the third quarter. Invesco Ltd. now owns 796,563 shares of the building manufacturing company’s stock worth $44,026,000 after buying an additional 291,833 shares in the last quarter. Institutional investors and hedge funds 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.