Louisiana-Pacific (NYSE:LPX) Price Target Lowered to $123.00 at DA Davidson

Louisiana-Pacific (NYSE:LPX) had its target price cut by DA Davidson from $125.00 to $123.00 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a “buy” rating on the building manufacturing company’s stock. DA Davidson’s target price indicates a potential upside of 20.88% from the company’s current price.

A number of other brokerages have also recently commented on LPX. 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 research report on Thursday. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday. Truist Financial raised their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Finally, TD Securities lifted their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $108.75.

Louisiana-Pacific Price Performance

LPX stock traded up $0.26 during midday trading on Thursday, reaching $101.76. The company had a trading volume of 461,322 shares, compared to its average volume of 635,176. The company has a market capitalization of $7.15 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.37 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. Louisiana-Pacific has a 1 year low of $66.77 and a 1 year high of $122.87. The firm has a 50-day moving average price of $110.81 and a 200-day moving average price of $106.48.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The company’s revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. On average, research analysts anticipate that Louisiana-Pacific will post 5.64 earnings per share for the current fiscal year.

Insider Activity 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 transaction of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds have recently made changes to their positions in LPX. Private Advisor Group LLC boosted its holdings in shares of Louisiana-Pacific by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock valued at $1,165,000 after buying an additional 493 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Louisiana-Pacific by 10,646.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock worth $7,483,000 after purchasing an additional 68,986 shares during the last quarter. Riverwater Partners LLC boosted its stake in Louisiana-Pacific by 2.6% in the 3rd quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company’s stock worth $1,082,000 after purchasing an additional 252 shares in the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Louisiana-Pacific during the 3rd quarter valued at about $256,000. Finally, Impact Partnership Wealth LLC bought a new stake in Louisiana-Pacific during the 3rd quarter valued at about $213,000. 94.73% of the stock is currently owned by institutional investors.

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.