Louisiana-Pacific (NYSE:LPX) Price Target Raised to $135.00

Louisiana-Pacific (NYSE:LPX) had its target price hoisted by Truist Financial from $117.00 to $135.00 in a research note released on Monday,Benzinga reports. The brokerage currently has a buy rating on the building manufacturing company’s stock.

LPX has been the topic of a number of other research reports. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. TD Securities upped their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. DA Davidson raised their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, Bank of America lifted their price target 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $104.67.

Louisiana-Pacific Price Performance

Shares of LPX opened at $106.82 on Monday. The firm has a market capitalization of $7.50 billion, a PE ratio of 18.42, a P/E/G ratio of 2.72 and a beta of 1.94. The stock’s 50 day moving average is $110.57 and its two-hundred day moving average is $101.04. Louisiana-Pacific has a twelve month low of $63.76 and a twelve month high of $122.87. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s payout ratio is 17.93%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred 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. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC acquired a new stake in Louisiana-Pacific in the 4th quarter worth about $505,000. Versant Capital Management Inc boosted its position in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Franklin Resources Inc. grew its holdings in Louisiana-Pacific by 6.4% in the third quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock valued at $51,984,000 after purchasing an additional 30,297 shares during the period. Tidal Investments LLC increased its position in Louisiana-Pacific by 35.0% during the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock worth $3,076,000 after purchasing an additional 7,419 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in Louisiana-Pacific during the third quarter worth approximately $323,000. 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.