Louisiana-Pacific’s (LPX) Outperform Rating Reiterated at Royal Bank of Canada

Louisiana-Pacific (NYSE:LPX)‘s stock had its “outperform” rating restated by equities research analysts at Royal Bank of Canada in a report released on Thursday,Benzinga reports. They currently have a $125.00 price target on the building manufacturing company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 26.55% from the stock’s previous close.

Other equities research analysts also recently issued research reports about the company. TD Securities lifted their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. DA Davidson lifted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Truist Financial raised their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Finally, BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $108.00.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $98.78 on Thursday. Louisiana-Pacific has a 12-month low of $67.47 and a 12-month high of $122.87. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.95. The company’s 50-day moving average is $110.24 and its two-hundred day moving average is $106.49. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.71 earnings per share. Research analysts expect that Louisiana-Pacific will post 5.37 EPS for the current year.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after buying an additional 1,096,804 shares during the period. Alyeska Investment Group L.P. grew its position in Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock valued at $92,299,000 after acquiring an additional 842,809 shares in the last quarter. Norges Bank purchased a new stake in shares of Louisiana-Pacific during the fourth quarter valued at approximately $78,181,000. FMR LLC raised its stake in shares of Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after purchasing an additional 638,058 shares during the period. Finally, Palestra Capital Management LLC acquired a new position in shares of Louisiana-Pacific during the fourth quarter worth $34,521,000. 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.