Louisiana-Pacific (NYSE:LPX) Given New $125.00 Price Target at Royal Bank of Canada

Louisiana-Pacific (NYSE:LPX) had its target price upped by Royal Bank of Canada from $119.00 to $125.00 in a research note issued to investors on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the building manufacturing company’s stock.

Several other research analysts have also recently weighed in on the company. Truist Financial raised their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Bank of America lifted their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price on the stock. in a report on Thursday, August 8th. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Finally, The Goldman Sachs Group upped their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $101.78.

Louisiana-Pacific Trading Up 2.6 %

Louisiana-Pacific stock opened at $111.63 on Wednesday. Louisiana-Pacific has a 12-month low of $57.13 and a 12-month high of $113.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.95. The stock has a market capitalization of $7.84 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 4.79 and a beta of 1.88. The firm has a 50 day simple moving average of $102.40 and a 200-day simple moving average of $93.35.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same period in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 33.2% compared to the same quarter last year. As a group, equities research analysts expect that Louisiana-Pacific will post 5.29 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. Louisiana-Pacific’s payout ratio is presently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LPX. William Blair Investment Management LLC acquired a new position in shares of Louisiana-Pacific during the 2nd quarter valued at about $91,053,000. Marshall Wace LLP boosted its position in Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after purchasing an additional 602,803 shares during the period. Renaissance Technologies LLC boosted its position in Louisiana-Pacific by 188.3% during the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after purchasing an additional 292,200 shares during the period. Assenagon Asset Management S.A. grew its holdings in Louisiana-Pacific by 768.5% during the second quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock valued at $22,257,000 after purchasing an additional 239,212 shares during the last quarter. Finally, Natixis bought a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $16,371,000. Institutional investors and hedge funds 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.