TD Securities Raises Louisiana-Pacific (NYSE:LPX) Price Target to $123.00

Louisiana-Pacific (NYSE:LPX) had its price objective raised by TD Securities from $115.00 to $123.00 in a research report sent to investors on Wednesday,Benzinga reports. They currently have a hold rating on the building manufacturing company’s stock.

LPX has been the topic of several other research reports. 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 research report on Wednesday. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. BMO Capital Markets downgraded 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. Finally, Truist Financial boosted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two 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 company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $101.78.

Louisiana-Pacific Stock Up 2.6 %

Louisiana-Pacific stock opened at $111.63 on Wednesday. Louisiana-Pacific has a twelve month low of $57.13 and a twelve month high of $113.04. The stock has a market cap of $7.84 billion, a P/E ratio of 19.25, a P/E/G ratio of 4.79 and a beta of 1.88. The company’s 50-day moving average price is $102.40 and its two-hundred day moving average price is $93.35. The company has a quick ratio of 1.95, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 earnings per share. As a group, analysts expect that Louisiana-Pacific will post 5.29 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.93%. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated 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 approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. 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 have recently added to or reduced their stakes in LPX. Russell Investments Group Ltd. increased its holdings in shares of Louisiana-Pacific by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after buying an additional 7,367 shares in the last quarter. Diversified Trust Co acquired a new position in Louisiana-Pacific in the 2nd quarter worth about $590,000. Ensign Peak Advisors Inc raised its position in Louisiana-Pacific by 57.6% in the second 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 boosted its stake in shares of Louisiana-Pacific by 16.3% during the first 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 in the last quarter. Finally, Virtu Financial LLC bought a new stake in shares of Louisiana-Pacific during the first quarter worth about $827,000. 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.