BMO Capital Markets Boosts Louisiana-Pacific (NYSE:LPX) Price Target to $108.00

Louisiana-Pacific (NYSE:LPX) had its price objective increased by investment analysts at BMO Capital Markets from $105.00 to $108.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “market perform” rating on the building manufacturing company’s stock. BMO Capital Markets’ price target would suggest a potential upside of 9.34% from the company’s current price.

A number of other brokerages also recently weighed in on LPX. DA Davidson raised their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Truist Financial lifted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. TD Securities lifted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific Stock Down 2.1 %

Shares of LPX stock opened at $98.78 on Thursday. The stock’s 50 day simple moving average is $110.24 and its 200 day simple moving average is $106.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific has a twelve month low of $67.47 and a twelve month high of $122.87. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.23 and a beta of 1.95.

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

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.26% of the stock is owned by insiders.

Institutional Trading of Louisiana-Pacific

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock valued at $733,961,000 after buying an additional 132,891 shares in the last quarter. FMR LLC boosted its stake in Louisiana-Pacific by 17.1% in the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock valued at $384,031,000 after buying an additional 540,703 shares in the last quarter. State Street Corp boosted its stake in Louisiana-Pacific by 10.8% in the 3rd quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock valued at $231,529,000 after buying an additional 210,113 shares in the last quarter. 59 North Capital Management LP boosted its stake in Louisiana-Pacific by 13.4% in the 4th quarter. 59 North Capital Management LP now owns 1,982,826 shares of the building manufacturing company’s stock valued at $205,322,000 after buying an additional 235,069 shares in the last quarter. Finally, Eminence Capital LP boosted its stake in Louisiana-Pacific by 7.7% in the 4th quarter. Eminence Capital LP now owns 1,445,106 shares of the building manufacturing company’s stock valued at $149,641,000 after buying an additional 102,897 shares in the last quarter. 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.