TD Securities Issues Pessimistic Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price target cut by stock analysts at TD Securities from $123.00 to $117.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the building manufacturing company’s stock. TD Securities’ price objective points to a potential upside of 18.45% from the company’s previous close.

LPX has been the topic of a number of other reports. DA Davidson reduced their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday. Truist Financial upped their price target 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, The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $108.00.

Louisiana-Pacific Price Performance

LPX stock opened at $98.78 on Thursday. 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 $67.47 and a 1 year high of $122.87. The firm has a 50-day moving average of $110.24 and a 200 day moving average of $106.49. The company has a market cap of $6.94 billion, a P/E ratio of 16.80, a PEG ratio of 1.23 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, sell-side analysts forecast that Louisiana-Pacific will post 5.37 EPS for the current year.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s 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 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 this hyperlink. 1.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in Louisiana-Pacific by 11,417.9% during the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock valued at $118,895,000 after acquiring an additional 1,096,804 shares during the last quarter. Alyeska Investment Group L.P. raised its position in Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock worth $92,299,000 after acquiring an additional 842,809 shares during the period. Norges Bank purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth $78,181,000. FMR LLC grew its position in shares of Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after acquiring an additional 638,058 shares during the period. Finally, Palestra Capital Management LLC purchased a new position in Louisiana-Pacific during the fourth quarter valued at $34,521,000. Institutional investors own 94.73% of the company’s stock.

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.