Louisiana-Pacific (NYSE:LPX) Given New $125.00 Price Target at Royal Bank of Canada

Louisiana-Pacific (NYSE:LPX) had its price objective raised by Royal Bank of Canada from $119.00 to $125.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an outperform rating on the building manufacturing company’s stock.

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

Louisiana-Pacific Stock Up 0.4 %

LPX traded up $0.40 during trading on Wednesday, reaching $108.54. 75,719 shares of the stock were exchanged, compared to its average volume of 844,644. The stock has a market cap of $7.63 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. Louisiana-Pacific has a twelve month low of $57.13 and a twelve month high of $113.04. The stock’s 50 day moving average price is $101.89 and its two-hundred day moving average price is $92.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. During the same period in the previous year, the company earned $0.55 earnings per share. The company’s quarterly revenue was up 33.2% on a year-over-year basis. Equities analysts expect that Louisiana-Pacific will post 5.12 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 16.91%.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 over the last quarter. 1.53% of the stock is owned by company insiders.

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Fidelis Capital Partners LLC bought a new position in shares of Louisiana-Pacific in the 1st quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Louisiana-Pacific in the 1st quarter worth $31,000. Bessemer Group Inc. lifted 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. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific in the 3rd quarter worth $38,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares in 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.