Louisiana-Pacific (NYSE:LPX) Hits New 1-Year High at $95.92

Shares of Louisiana-Pacific Co. (NYSE:LPX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $95.92 and last traded at $95.73, with a volume of 284236 shares changing hands. The stock had previously closed at $90.36.

Analyst Ratings Changes

Several equities analysts recently issued reports on LPX shares. Loop Capital started coverage on shares of Louisiana-Pacific in a report on Friday, May 3rd. They issued a “hold” rating and a $82.00 target price on the stock. DA Davidson boosted their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, May 9th. TD Securities boosted their target price on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a report on Thursday, May 9th. Finally, The Goldman Sachs Group downgraded shares of Louisiana-Pacific from a “neutral” rating to a “sell” rating and decreased their price target for the company from $89.00 to $81.00 in a research note on Monday, June 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $90.50.

Louisiana-Pacific Trading Up 6.1 %

The company has a quick ratio of 1.75, a current ratio of 3.32 and a debt-to-equity ratio of 0.21. The firm’s 50-day moving average price is $87.95 and its 200 day moving average price is $79.12. The company has a market capitalization of $6.88 billion, a P/E ratio of 26.50, a P/E/G ratio of 13.34 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.13 by $0.40. The company had revenue of $724.00 million during the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 earnings per share. As a group, equities research analysts predict that Louisiana-Pacific Co. will post 5.23 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, May 21st. Louisiana-Pacific’s payout ratio is presently 28.57%.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now directly owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Louisiana-Pacific by 48,193.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after purchasing an additional 161,931 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of Louisiana-Pacific during the 4th quarter valued at approximately $1,062,000. Russell Investments Group Ltd. lifted its stake in shares of Louisiana-Pacific by 3.5% during the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock valued at $18,045,000 after buying an additional 7,367 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Louisiana-Pacific by 83.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after acquiring an additional 712,671 shares during the period. Finally, Duality Advisers LP increased its holdings in Louisiana-Pacific by 84.5% during the 4th quarter. Duality Advisers LP now owns 25,638 shares of the building manufacturing company’s stock worth $1,816,000 after acquiring an additional 11,740 shares during the period. 94.73% of the stock is owned by institutional investors.

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.