Louisiana-Pacific (NYSE:LPX) Given New $110.00 Price Target at Loop Capital

Louisiana-Pacific (NYSE:LPX) had its price objective cut by stock analysts at Loop Capital from $117.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a “hold” rating on the building manufacturing company’s stock. Loop Capital’s price target would indicate a potential upside of 12.42% from the company’s previous close.

Several other research firms have also recently issued reports on LPX. TD Securities cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday. BMO Capital Markets upped their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday. DA Davidson decreased their target price on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Truist Financial boosted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $111.50.

Louisiana-Pacific Stock Down 0.9 %

Louisiana-Pacific stock traded down $0.87 during mid-day trading on Monday, reaching $97.85. 106,839 shares of the company were exchanged, compared to its average volume of 654,846. Louisiana-Pacific has a 12-month low of $69.94 and a 12-month high of $122.87. The business has a fifty day moving average of $110.24 and a 200 day moving average of $106.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The firm has a market cap of $6.82 billion, a P/E ratio of 16.59, a PEG ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. Research analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated 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 directly owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds have recently made changes to their positions in LPX. UMB Bank n.a. boosted its holdings in Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Louisiana-Pacific during the fourth quarter worth $35,000. Versant Capital Management Inc grew its position in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific during the 3rd quarter worth about $38,000. Finally, Covestor Ltd increased its holdings in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.