Louisiana-Pacific (NYSE:LPX) Price Target Cut to $123.00 by Analysts at DA Davidson

Louisiana-Pacific (NYSE:LPX) had its price objective decreased by DA Davidson from $125.00 to $123.00 in a research report sent to investors on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the building manufacturing company’s stock.

Other analysts have also issued reports about the company. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. BMO Capital Markets upped their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday. TD Securities raised 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. Finally, Truist Financial upped their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $108.00.

Louisiana-Pacific Stock Down 0.5 %

NYSE LPX opened at $100.98 on Thursday. The stock has a market cap of $7.09 billion, a PE ratio of 17.17, a P/E/G ratio of 1.23 and a beta of 1.95. The business has a 50 day moving average price of $110.52 and a two-hundred day moving average price of $106.44. Louisiana-Pacific has a fifty-two week low of $66.77 and a fifty-two week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same period last year, the business earned $0.71 EPS. The business’s revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Louisiana-Pacific will post 5.37 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.11%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is 17.69%.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of LPX. Private Advisor Group LLC lifted its holdings in shares of Louisiana-Pacific by 4.8% in the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock worth $1,165,000 after purchasing an additional 493 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Louisiana-Pacific by 10,646.0% in the third quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock valued at $7,483,000 after buying an additional 68,986 shares during the last quarter. Riverwater Partners LLC boosted its holdings in shares of Louisiana-Pacific by 2.6% during the third quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company’s stock valued at $1,082,000 after acquiring an additional 252 shares during the period. Hennion & Walsh Asset Management Inc. bought a new position in shares of Louisiana-Pacific during the third quarter worth about $256,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter worth about $213,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.