Louisiana-Pacific (NYSE:LPX) Downgraded to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Louisiana-Pacific (NYSE:LPX) from a buy rating to a hold rating in a research report released on Sunday.

A number of other research analysts also recently weighed in on LPX. Royal Bank of Canada increased their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Bank of America raised their price objective 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. TD Securities upped their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research report on Thursday, August 8th. Finally, DA Davidson raised their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Price Performance

Shares of LPX opened at $112.78 on Friday. The firm has a market cap of $7.92 billion, a PE ratio of 19.44, a P/E/G ratio of 2.74 and a beta of 1.88. Louisiana-Pacific has a 1-year low of $57.72 and a 1-year high of $114.26. The company has a current ratio of 2.92, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm has a fifty day simple moving average of $103.08 and a two-hundred day simple moving average of $94.15.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 17.93%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’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 transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares in the company, valued at $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 available through this link. Also, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was 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 in the company, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently made changes to their positions in LPX. Russell Investments Group Ltd. lifted its holdings in shares of Louisiana-Pacific by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock valued at $18,045,000 after acquiring an additional 7,367 shares during the last quarter. Diversified Trust Co purchased a new position in shares of Louisiana-Pacific in the 2nd quarter worth approximately $590,000. Ensign Peak Advisors Inc increased its position in shares of Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock valued at $2,917,000 after purchasing an additional 12,950 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Louisiana-Pacific by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock valued at $3,914,000 after purchasing an additional 6,533 shares during the last quarter. Finally, Virtu Financial LLC purchased a new stake in Louisiana-Pacific during the 1st quarter valued at $827,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

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.