Louisiana-Pacific Co. (NYSE:LPX) Receives $104.67 Consensus Price Target from Brokerages

Louisiana-Pacific Co. (NYSE:LPX) has been given a consensus recommendation of “Hold” by the nine research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $108.38.

Several brokerages have recently commented on LPX. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. BMO Capital Markets upped their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. TD Securities increased their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Truist Financial lifted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th.

Louisiana-Pacific Price Performance

LPX stock opened at $105.06 on Thursday. The company has a market capitalization of $7.38 billion, a PE ratio of 18.11, a P/E/G ratio of 2.72 and a beta of 1.94. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The stock’s 50 day moving average is $110.98 and its two-hundred day moving average is $101.38. Louisiana-Pacific has a 52-week low of $63.76 and a 52-week high of $122.87.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 0.99%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific’s payout ratio is currently 17.93%.

Insiders Place Their Bets

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock worth $61,000 after purchasing an additional 232 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Louisiana-Pacific in the fourth quarter worth approximately $505,000. Versant Capital Management Inc increased its holdings in shares of 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 buying an additional 214 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Louisiana-Pacific by 6.4% during the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock valued at $51,984,000 after acquiring an additional 30,297 shares during the last quarter. Finally, Tidal Investments LLC boosted its stake in shares of Louisiana-Pacific by 35.0% during the 3rd quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock worth $3,076,000 after acquiring an additional 7,419 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

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.