Louisiana-Pacific (NYSE:LPX) Raised to Buy at StockNews.com

StockNews.com upgraded shares of Louisiana-Pacific (NYSE:LPX) from a hold rating to a buy rating in a research note released on Saturday.

LPX has been the subject of several other research reports. The Goldman Sachs Group raised their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Bank of America lifted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Trading Up 0.6 %

LPX opened at $101.14 on Friday. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $7.11 billion, a PE ratio of 16.45, a PEG ratio of 4.53 and a beta of 1.88. Louisiana-Pacific has a 1-year low of $57.13 and a 1-year high of $109.73. The firm has a 50-day moving average price of $101.43 and a two-hundred day moving average price of $92.61.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.55 EPS. As a group, equities analysts anticipate that Louisiana-Pacific will post 5.12 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.03%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 16.91%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock worth $3,368,774 over the last quarter. 1.26% of the stock is currently owned by company insiders.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently modified their holdings of LPX. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at about $25,000. Whittier Trust Co. acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at about $31,000. Bessemer Group Inc. increased its position in shares of Louisiana-Pacific by 258.5% in the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific in the third quarter valued at about $38,000. Finally, GAMMA Investing LLC increased its position in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after acquiring an additional 177 shares during the last quarter. Institutional investors and hedge funds 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.