Louisiana-Pacific (NYSE:LPX) Given New $113.00 Price Target at Truist Financial

Louisiana-Pacific (NYSE:LPX) had its target price raised by Truist Financial from $105.00 to $113.00 in a research note issued to investors on Tuesday morning, Benzinga reports. They currently have a buy rating on the building manufacturing company’s stock.

A number of other research firms have also recently commented on LPX. Bank of America raised their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an underperform rating in a report on Thursday, September 12th. StockNews.com lowered Louisiana-Pacific from a buy rating to a hold rating in a research report on Friday, September 13th. BMO Capital Markets lowered Louisiana-Pacific from an outperform rating to a market perform rating and set a $99.00 price target on the stock. in a report on Thursday, August 8th. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the company a sell rating in a report on Thursday, August 8th. Finally, Royal Bank of Canada increased their target price on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an outperform rating in a report on Thursday, August 8th. Two 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. According to MarketBeat.com, Louisiana-Pacific has a consensus rating of Hold and an average price target of $93.56.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $103.45 on Tuesday. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $99.37 and a 200 day simple moving average of $90.17. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $109.73. The company has a market capitalization of $7.42 billion, a PE ratio of 28.42, a P/E/G ratio of 4.96 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results 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. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 EPS. On average, sell-side analysts forecast that Louisiana-Pacific will post 5.04 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s payout ratio is currently 28.57%.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 35,900 shares of company stock worth $3,368,774. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new position in Louisiana-Pacific in the fourth quarter valued at about $92,000. Moody National Bank Trust Division raised its holdings in shares of Louisiana-Pacific by 20.9% in the 1st quarter. Moody National Bank Trust Division now owns 7,812 shares of the building manufacturing company’s stock worth $656,000 after purchasing an additional 1,350 shares during the period. First Hawaiian Bank lifted its stake in Louisiana-Pacific by 22.0% in the first quarter. First Hawaiian Bank now owns 10,481 shares of the building manufacturing company’s stock valued at $879,000 after purchasing an additional 1,890 shares during the last quarter. Folger Nolan Fleming Douglas Capital Management Inc. bought a new position in Louisiana-Pacific during the first quarter valued at $200,000. Finally, Allspring Global Investments Holdings LLC increased its position in Louisiana-Pacific by 48,193.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after buying an additional 161,931 shares during the last quarter. 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.