Louisiana-Pacific (NYSE:LPX) Price Target Raised to $123.00 at TD Securities

Louisiana-Pacific (NYSE:LPX) had its price objective lifted by TD Securities from $115.00 to $123.00 in a research report released on Wednesday morning, Benzinga reports. They currently have a hold rating on the building manufacturing company’s stock.

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

Louisiana-Pacific Stock Up 0.5 %

Louisiana-Pacific stock traded up $0.58 during trading on Wednesday, reaching $108.72. The stock had a trading volume of 44,989 shares, compared to its average volume of 844,501. Louisiana-Pacific has a 52-week low of $57.13 and a 52-week high of $113.04. The business has a 50 day moving average price of $101.89 and a 200 day moving average price of $92.98. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.64 billion, a PE ratio of 17.58, a P/E/G ratio of 4.63 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.55 earnings per share. On average, analysts predict that Louisiana-Pacific will post 5.12 EPS for the current year.

Louisiana-Pacific Announces Dividend

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

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,900 shares of company stock valued at $3,368,774. Corporate insiders own 1.53% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific during the first quarter worth $25,000. Whittier Trust Co. acquired a new stake in shares of Louisiana-Pacific during the first quarter worth $31,000. Bessemer Group Inc. boosted its holdings in shares of Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after purchasing an additional 318 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific during the third quarter worth $38,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.