Louisiana-Pacific (NYSE:LPX) Sets New 52-Week High – Still a Buy?

Louisiana-Pacific Co. (NYSE:LPX) shares reached a new 52-week high on Friday . The stock traded as high as $114.33 and last traded at $114.03, with a volume of 46374 shares. The stock had previously closed at $112.44.

Analyst Ratings Changes

Several brokerages have recently commented on LPX. TD Securities increased their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets boosted their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, Bank of America boosted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $102.22.

Louisiana-Pacific Trading Down 0.4 %

The firm’s 50-day simple moving average is $104.20 and its 200 day simple moving average is $94.81. The stock has a market cap of $7.86 billion, a P/E ratio of 19.31, a PEG ratio of 2.68 and a beta of 1.88. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the company’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 completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 5.18 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,400 shares of company stock valued at $3,325,917 in the last quarter. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently modified their holdings of the company. CWM LLC grew its holdings in Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after acquiring an additional 97 shares during the period. Gateway Investment Advisers LLC raised its holdings in shares of Louisiana-Pacific by 4.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock worth $280,000 after purchasing an additional 99 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Louisiana-Pacific by 23.3% during the third quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company’s stock valued at $90,000 after purchasing an additional 158 shares during the last quarter. Covestor Ltd boosted its holdings in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after buying an additional 167 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.