Louisiana-Pacific (NYSE:LPX) Given New $99.00 Price Target at The Goldman Sachs Group

Louisiana-Pacific (NYSE:LPX) had its target price increased by The Goldman Sachs Group from $90.00 to $99.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a sell rating on the building manufacturing company’s stock.

A number of other research firms have also recently commented on LPX. Royal Bank of Canada boosted their price objective on Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Saturday, November 2nd. Truist Financial lifted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. 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 research note on Thursday, August 8th. Finally, Bank of America lifted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $101.78.

Louisiana-Pacific Stock Up 0.4 %

LPX stock traded up $0.40 on Wednesday, hitting $108.54. 75,719 shares of the company’s stock were exchanged, compared to its average volume of 844,644. Louisiana-Pacific has a 12-month low of $57.13 and a 12-month high of $113.04. The firm has a 50 day moving average price of $101.89 and a two-hundred day moving average price of $92.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The stock has a market cap of $7.63 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88.

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

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be given a $0.26 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.96%. Louisiana-Pacific’s dividend payout ratio is currently 16.91%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now owns 21,005 shares in the company, valued at $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 available through this link. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the 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 sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,900 shares of company stock worth $3,368,774 over the last quarter. 1.53% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of large investors have recently bought and sold shares of the stock. Chesapeake Capital Corp IL grew its holdings in Louisiana-Pacific by 27.9% during the 3rd quarter. Chesapeake Capital Corp IL now owns 7,622 shares of the building manufacturing company’s stock valued at $817,000 after buying an additional 1,663 shares during the last quarter. Empowered Funds LLC grew its holdings in Louisiana-Pacific by 238.1% during the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock valued at $2,136,000 after buying an additional 14,001 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at $224,000. Metis Global Partners LLC grew its holdings in Louisiana-Pacific by 114.7% during the 3rd quarter. Metis Global Partners LLC now owns 6,510 shares of the building manufacturing company’s stock valued at $700,000 after buying an additional 3,478 shares during the last quarter. Finally, KBC Group NV grew its holdings in Louisiana-Pacific by 4.2% during the 3rd quarter. KBC Group NV now owns 7,758 shares of the building manufacturing company’s stock valued at $834,000 after buying an additional 316 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.