Brokerages Set Louisiana-Pacific Corporation (NYSE:LPX) Target Price at $106.57

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $106.5714.

LPX has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Louisiana-Pacific in a report on Monday, December 29th. TD Securities decreased their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, November 6th. Truist Financial increased their price objective on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Tuesday, January 6th. Barclays boosted their target price on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a research note on Thursday, January 15th. Finally, Royal Bank Of Canada dropped their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research report on Thursday, November 6th.

Louisiana-Pacific Trading Down 1.5%

Shares of LPX stock opened at $91.25 on Monday. The firm has a fifty day moving average of $84.24 and a 200-day moving average of $88.31. The stock has a market cap of $6.35 billion, a price-to-earnings ratio of 29.53 and a beta of 1.80. Louisiana-Pacific has a 52-week low of $73.42 and a 52-week high of $119.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The business had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. During the same quarter last year, the firm posted $1.22 earnings per share. Louisiana-Pacific’s revenue was down 8.2% on a year-over-year basis. On average, equities research analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were paid a $0.28 dividend. The ex-dividend date was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.2%. Louisiana-Pacific’s payout ratio is 36.25%.

Insider Buying and Selling

In related news, CEO William Bradley Southern sold 14,166 shares of the firm’s stock in a transaction on Thursday, January 15th. The stock was sold at an average price of $93.08, for a total transaction of $1,318,571.28. Following the completion of the sale, the chief executive officer directly owned 489,215 shares of the company’s stock, valued at $45,536,132.20. This trade represents a 2.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen E. Macadam acquired 3,200 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $78.06 per share, with a total value of $249,792.00. Following the transaction, the director owned 41,149 shares in the company, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have sold 113,344 shares of company stock worth $10,170,949. 1.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LPX. Eminence Capital LP lifted its position in shares of Louisiana-Pacific by 7.9% during the third quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock worth $276,822,000 after purchasing an additional 228,521 shares in the last quarter. 59 North Capital Management LP raised its position in Louisiana-Pacific by 7.2% in the 2nd quarter. 59 North Capital Management LP now owns 2,808,369 shares of the building manufacturing company’s stock worth $241,492,000 after purchasing an additional 189,726 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Louisiana-Pacific by 33,243.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after purchasing an additional 2,581,023 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Louisiana-Pacific by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company’s stock worth $137,666,000 after buying an additional 28,535 shares in the last quarter. Finally, Boston Partners bought a new position in Louisiana-Pacific in the 3rd quarter valued at $100,770,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.