Louisiana-Pacific (NYSE:LPX) Downgraded to Hold at StockNews.com

StockNews.com cut shares of Louisiana-Pacific (NYSE:LPX) from a buy rating to a hold rating in a research report sent to investors on Friday morning.

Several other equities research analysts have also recently weighed in on LPX. Royal Bank of Canada upped 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. Truist Financial reiterated a buy rating and set a $105.00 target price (up from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. DA Davidson upped their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a buy rating in a research report on Friday, June 14th. The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a sell rating in a report on Thursday, August 8th. Finally, Bank of America upped their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an underperform rating in a report on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Hold and a consensus price target of $92.67.

Louisiana-Pacific Stock Up 1.1 %

Shares of LPX opened at $99.03 on Friday. The firm has a fifty day moving average price of $93.46 and a 200-day moving average price of $86.35. 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 firm has a market capitalization of $7.10 billion, a P/E ratio of 27.21, a P/E/G ratio of 0.60 and a beta of 1.88. Louisiana-Pacific has a 12-month low of $49.47 and a 12-month high of $101.89.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The business had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 EPS. Equities research analysts expect that Louisiana-Pacific will post 5.05 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 annualized dividend and a dividend yield of 1.05%. Louisiana-Pacific’s payout ratio is currently 28.57%.

Insider Activity

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 transaction, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Eminence Capital LP boosted its holdings in Louisiana-Pacific by 31.4% in the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock valued at $145,697,000 after purchasing an additional 491,641 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Louisiana-Pacific by 11.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after acquiring an additional 177,132 shares during the period. Marshall Wace LLP grew its holdings in Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after acquiring an additional 602,803 shares during the period. Franklin Resources Inc. lifted its holdings in Louisiana-Pacific by 10.0% in the fourth quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock valued at $80,465,000 after acquiring an additional 103,249 shares during the period. Finally, William Blair Investment Management LLC acquired a new position in Louisiana-Pacific in the second quarter valued at approximately $91,053,000. 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.