Louisiana-Pacific (NYSE:LPX) Price Target Raised to $86.00

Louisiana-Pacific (NYSE:LPX) had its price target hoisted by The Goldman Sachs Group from $78.00 to $86.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a sell rating on the building manufacturing company’s stock.

Several other analysts have also issued reports on the company. BMO Capital Markets lowered Louisiana-Pacific from an outperform rating to a market perform rating and set a $99.00 target price on the stock. in a report on Thursday. DA Davidson upped their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a buy rating in a research note on Friday, June 14th. StockNews.com cut Louisiana-Pacific from a buy rating to a hold rating in a report on Thursday, July 11th. 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 for the company. Finally, Truist Financial reissued a buy rating and set a $105.00 price target (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $94.88.

Louisiana-Pacific Stock Performance

NYSE LPX traded down $0.43 on Thursday, hitting $95.37. 631,630 shares of the stock were exchanged, compared to its average volume of 936,760. The business’s fifty day moving average is $89.31 and its 200 day moving average is $81.43. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $101.89. The company has a market capitalization of $6.84 billion, a PE ratio of 26.20, a P/E/G ratio of 13.92 and a beta of 1.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same period in the prior year, the firm earned $0.55 earnings per share. The company’s revenue was up 33.2% on a year-over-year basis. Research analysts anticipate that Louisiana-Pacific will post 5.23 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.09%. Louisiana-Pacific’s payout ratio is currently 28.57%.

Insiders Place Their Bets

In other news, 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 transaction, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the transaction, the director now owns 23,501 shares of the company’s stock, valued at approximately $2,095,819.18. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in the business. LifeSteps Financial Inc. purchased a new stake in shares of Louisiana-Pacific during the 1st quarter valued at $25,000. Fidelis Capital Partners LLC purchased a new stake in Louisiana-Pacific during the first quarter valued at about $25,000. Whittier Trust Co. bought a new stake in Louisiana-Pacific during the first quarter worth about $31,000. Bessemer Group Inc. boosted its holdings in shares of Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after purchasing an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. Institutional investors 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.