Louisiana-Pacific Co. (NYSE:LPX) Receives $108.38 Consensus Price Target from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have received an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have covered the stock in the last year is $108.38.

A number of research analysts recently weighed in on LPX shares. DA Davidson upped their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada increased their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. TD Securities raised their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. Finally, Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new stake in Louisiana-Pacific in the fourth quarter worth about $9,171,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Louisiana-Pacific by 17.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,666 shares of the building manufacturing company’s stock worth $1,933,000 after purchasing an additional 2,730 shares during the last quarter. Amundi raised its holdings in shares of Louisiana-Pacific by 0.8% in the 4th quarter. Amundi now owns 96,557 shares of the building manufacturing company’s stock worth $10,288,000 after purchasing an additional 761 shares during the period. Edgestream Partners L.P. purchased a new position in Louisiana-Pacific in the fourth quarter valued at approximately $1,223,000. Finally, Inceptionr LLC bought a new position in Louisiana-Pacific during the fourth quarter valued at $298,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $115.20 on Monday. The firm has a market capitalization of $8.09 billion, a P/E ratio of 19.86, a P/E/G ratio of 1.42 and a beta of 1.95. The firm’s 50-day moving average price is $111.89 and its 200-day moving average price is $105.74. 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 has a 1-year low of $66.54 and a 1-year high of $122.87.

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.