TD Securities Cuts Louisiana-Pacific (NYSE:LPX) Price Target to $117.00

Louisiana-Pacific (NYSE:LPX) had its price objective cut by TD Securities from $123.00 to $117.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the building manufacturing company’s stock.

Other analysts have also recently issued research reports about the company. The Goldman Sachs Group boosted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Truist Financial boosted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, BMO Capital Markets boosted their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday. Two research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $108.00.

Louisiana-Pacific Stock Down 2.1 %

Shares of NYSE:LPX opened at $98.78 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific has a 1 year low of $67.47 and a 1 year high of $122.87. The stock has a market capitalization of $6.88 billion, a P/E ratio of 16.80, a PEG ratio of 1.24 and a beta of 1.95. The stock has a 50-day simple moving average of $110.24 and a 200-day simple moving average of $106.58.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue for the quarter was up 3.5% on a year-over-year basis. Equities analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current 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 given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.13%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is presently 17.69%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently made changes to their positions in the business. UMB Bank n.a. raised its position in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after acquiring an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Louisiana-Pacific during the 4th quarter valued at approximately $35,000. Versant Capital Management Inc raised its position in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at approximately $38,000. Finally, Covestor Ltd raised its position in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after acquiring an additional 163 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

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.