TD Securities Forecasts Strong Price Appreciation for Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific (NYSE:LPX) had its price target increased by TD Securities from $115.00 to $123.00 in a report released on Wednesday,Benzinga reports. They currently have a hold rating on the building manufacturing company’s stock.

A number of other research analysts have also weighed in on LPX. StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday. The Goldman Sachs Group upped their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday. Finally, Bank of America lifted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $101.78.

Louisiana-Pacific Stock Up 2.6 %

Shares of NYSE:LPX opened at $111.63 on Wednesday. Louisiana-Pacific has a fifty-two week low of $57.13 and a fifty-two week high of $113.04. The company has a quick ratio of 1.95, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $102.40 and its 200-day simple moving average is $93.49. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 4.79 and a beta of 1.88.

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

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. Louisiana-Pacific’s dividend payout ratio (DPR) is 17.93%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company’s 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 transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on 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 in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC boosted its position in shares of Louisiana-Pacific by 4.1% in the first quarter. Private Advisor Group LLC now owns 7,839 shares of the building manufacturing company’s stock worth $658,000 after acquiring an additional 312 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Louisiana-Pacific by 0.5% during the first quarter. BNP Paribas Financial Markets now owns 59,907 shares of the building manufacturing company’s stock worth $5,027,000 after purchasing an additional 285 shares during the period. Fidelis Capital Partners LLC acquired a new position in shares of Louisiana-Pacific in the 1st quarter valued at $25,000. Whittier Trust Co. purchased a new stake in shares of Louisiana-Pacific during the 1st quarter valued at $31,000. Finally, GSA Capital Partners LLP increased its holdings in shares of Louisiana-Pacific by 106.0% during the 1st quarter. GSA Capital Partners LLP now owns 9,769 shares of the building manufacturing company’s stock worth $820,000 after buying an additional 5,027 shares during 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.