Louisiana-Pacific (NYSE:LPX) Price Target Raised to $125.00 at DA Davidson

Louisiana-Pacific (NYSE:LPX) had its price target raised by DA Davidson from $110.00 to $125.00 in a research report report published on Wednesday, Benzinga reports. The firm currently has a buy rating on the building manufacturing company’s stock. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2024 earnings at $0.67 EPS and FY2024 earnings at $5.53 EPS.

Other equities research analysts have also recently issued reports about the company. Bank of America increased their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday. TD Securities increased their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday. Finally, Royal Bank of Canada increased their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and a consensus price target of $101.78.

Louisiana-Pacific Trading Up 0.5 %

LPX stock traded up $0.58 during trading on Wednesday, hitting $108.72. 44,989 shares of the company traded hands, compared to its average volume of 844,501. The firm has a market capitalization of $7.64 billion, a PE ratio of 17.58, a P/E/G ratio of 4.63 and a beta of 1.88. Louisiana-Pacific has a 1 year low of $57.13 and a 1 year high of $113.04. The company has a 50-day moving average of $101.89 and a 200-day moving average 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.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results 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 company 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%. Louisiana-Pacific’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.55 EPS. Analysts predict that Louisiana-Pacific will post 5.12 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

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

Insider Transactions at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the firm’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 transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related 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 of the company’s stock, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the firm’s 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 directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,900 shares of company stock valued at $3,368,774. Corporate insiders own 1.53% of the company’s stock.

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. Fidelis Capital Partners LLC bought a new stake in shares of Louisiana-Pacific in the 1st quarter worth $25,000. Whittier Trust Co. bought a new stake in shares of Louisiana-Pacific in the 1st quarter worth $31,000. Bessemer Group Inc. increased its holdings in shares of Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after purchasing an additional 318 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the 3rd quarter worth $38,000. Finally, GAMMA Investing LLC increased its holdings in shares of Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares in the last quarter. Institutional investors 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.