Louisiana-Pacific Co. (NYSE:LPX) Receives $93.56 Consensus Target Price from Analysts

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $93.56.

A number of equities research analysts have issued reports on LPX shares. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. The Goldman Sachs Group lifted their target price on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a report on Thursday, August 8th. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Wednesday, October 23rd.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock valued at $3,368,774 over the last quarter. 1.26% of the stock is owned by insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its stake in shares of Louisiana-Pacific by 48,193.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after purchasing an additional 161,931 shares during the period. Russell Investments Group Ltd. boosted its position in Louisiana-Pacific by 3.5% during the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after purchasing an additional 7,367 shares during the period. Diversified Trust Co acquired a new position in shares of Louisiana-Pacific during the second quarter worth about $590,000. Ensign Peak Advisors Inc grew its position in Louisiana-Pacific by 57.6% in the second quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock valued at $2,917,000 after acquiring an additional 12,950 shares in the last quarter. Finally, State Board of Administration of Florida Retirement System increased its stake in Louisiana-Pacific by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock worth $3,914,000 after buying an additional 6,533 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $98.66 on Friday. The business has a fifty day moving average price of $101.08 and a 200-day moving average price of $91.86. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $109.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The company has a market capitalization of $7.07 billion, a PE ratio of 26.93, a PEG ratio of 4.63 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The business had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same quarter in the previous year, the firm posted $0.55 EPS. The firm’s revenue was up 33.2% on a year-over-year basis. As a group, equities analysts expect that Louisiana-Pacific will post 5.04 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is currently 28.57%.

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.