Louisiana-Pacific (NYSE:LPX) Price Target Raised to $135.00 at Truist Financial

Louisiana-Pacific (NYSE:LPX) had its target price hoisted by Truist Financial from $117.00 to $135.00 in a research note published on Monday morning,Benzinga reports. They currently have a buy rating on the building manufacturing company’s stock.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. TD Securities boosted their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. DA Davidson upped their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.67.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $111.23 on Monday. The stock has a market capitalization of $7.81 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 2.72 and a beta of 1.94. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The business has a 50-day moving average of $110.38 and a 200 day moving average of $100.89. Louisiana-Pacific has a 12 month low of $63.76 and a 12 month high of $122.87.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s payout ratio is 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the completion of the sale, the director now directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC acquired a new position in shares of Louisiana-Pacific in the 4th quarter valued at $505,000. Versant Capital Management Inc increased its stake in Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 214 shares during the period. Franklin Resources Inc. increased its stake in Louisiana-Pacific by 6.4% in the third quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock valued at $51,984,000 after purchasing an additional 30,297 shares during the period. Tidal Investments LLC raised its holdings in shares of Louisiana-Pacific by 35.0% in the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock valued at $3,076,000 after buying an additional 7,419 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Louisiana-Pacific during the third quarter worth about $323,000. Hedge funds and other institutional investors 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.