Analysts Set Louisiana-Pacific Co. (NYSE:LPX) Target Price at $111.50

Louisiana-Pacific Co. (NYSE:LPX) has earned an average rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $111.50.

A number of research analysts have recently commented on the company. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. TD Securities reduced their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. BMO Capital Markets increased their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Truist Financial boosted their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, Loop Capital decreased their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th.

Louisiana-Pacific Trading Down 2.9 %

LPX stock opened at $95.17 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific has a 1-year low of $71.39 and a 1-year high of $122.87. The business has a 50 day simple moving average of $109.36 and a two-hundred day simple moving average of $106.85. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 16.18, a PEG ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business’s revenue was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Research analysts anticipate that Louisiana-Pacific will post 5.27 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. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.28 per share. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.18%. Louisiana-Pacific’s dividend payout ratio is currently 19.05%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 completion of the sale, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of Louisiana-Pacific by 36.7% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock valued at $2,261,000 after purchasing an additional 5,645 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in shares of Louisiana-Pacific by 269.7% during the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock worth $4,318,000 after buying an additional 30,418 shares during the period. Empowered Funds LLC grew its stake in Louisiana-Pacific by 238.1% during the 3rd quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock valued at $2,136,000 after purchasing an additional 14,001 shares during the last quarter. Symphony Financial Ltd. Co. purchased a new stake in Louisiana-Pacific in the fourth quarter valued at approximately $259,000. Finally, Ritholtz Wealth Management increased its stake in shares of Louisiana-Pacific by 65.0% in the fourth quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock worth $764,000 after acquiring an additional 2,907 shares during the period. 94.73% of the stock is owned by hedge funds and other institutional investors.

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.