Louisiana-Pacific Co. (LPX) Receives $24.75 Average Price Target from Brokerages

Louisiana-Pacific Co. (NYSE:LPX) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the firm. One analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $25.20.

Several analysts have recently weighed in on LPX shares. Vertical Research lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Buckingham Research lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $27.00 price target for the company. in a research note on Wednesday, April 12th. They noted that the move was a valuation call. Royal Bank of Canada restated a “top pick” rating and set a $26.00 price target (up previously from $25.00) on shares of Louisiana-Pacific in a research note on Thursday, February 9th. Zacks Investment Research lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, February 8th. Finally, DA Davidson upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and boosted their price target for the company from $20.00 to $27.00 in a research note on Thursday, February 9th.

Louisiana-Pacific (NYSE:LPX) traded down 0.99% on Friday, hitting $25.98. 2,996,067 shares of the company were exchanged. The stock has a 50 day moving average price of $24.58 and a 200 day moving average price of $21.05. Louisiana-Pacific has a one year low of $15.74 and a one year high of $26.44. The firm has a market cap of $3.75 billion, a price-to-earnings ratio of 25.30 and a beta of 1.14.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 8th. The construction company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.04. The company earned $550 million during the quarter, compared to analyst estimates of $534.56 million. Louisiana-Pacific had a net margin of 6.71% and a return on equity of 11.56%. Louisiana-Pacific’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 EPS. On average, equities research analysts forecast that Louisiana-Pacific will post $1.65 EPS for the current fiscal year.

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In other Louisiana-Pacific news, Director Kurt M. Landgraf sold 3,878 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $22.80, for a total transaction of $88,418.40. Following the sale, the director now directly owns 43,075 shares of the company’s stock, valued at $982,110. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Curtis M. Stevens sold 110,419 shares of the company’s stock in a transaction dated Friday, February 10th. The shares were sold at an average price of $22.58, for a total transaction of $2,493,261.02. Following the sale, the chief executive officer now directly owns 408,827 shares in the company, valued at $9,231,313.66. The disclosure for this sale can be found here. Insiders sold a total of 146,918 shares of company stock worth $3,371,067 over the last three months. 1.76% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. US Bancorp DE boosted its stake in shares of Louisiana-Pacific by 57.2% in the third quarter. US Bancorp DE now owns 5,769 shares of the construction company’s stock valued at $109,000 after buying an additional 2,100 shares in the last quarter. Fortaleza Asset Management Inc. boosted its stake in shares of Louisiana-Pacific by 8.2% in the fourth quarter. Fortaleza Asset Management Inc. now owns 6,890 shares of the construction company’s stock valued at $130,000 after buying an additional 520 shares in the last quarter. FNY Managed Accounts LLC bought a new stake in shares of Louisiana-Pacific during the third quarter valued at $132,000. LS Investment Advisors LLC boosted its stake in shares of Louisiana-Pacific by 5.7% in the third quarter. LS Investment Advisors LLC now owns 9,141 shares of the construction company’s stock valued at $172,000 after buying an additional 493 shares in the last quarter. Finally, Elkfork Partners LLC bought a new stake in shares of Louisiana-Pacific during the fourth quarter valued at $180,000. Hedge funds and other institutional investors own 97.29% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation is a manufacturer of building products. The Company’s products are used in home construction, repair and remodeling, and outdoor structures. The Company operates in four segments, which include North America Oriented Strand Board (OSB), Siding, Engineered Wood Products (EWP) and South America.

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