Truist Financial Forecasts Strong Price Appreciation for Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific (NYSE:LPX) had its price objective increased by Truist Financial from $117.00 to $135.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the building manufacturing company’s stock. Truist Financial’s target price suggests a potential upside of 25.64% from the stock’s previous close.

Several other equities analysts have also issued reports on the company. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Bank of America raised their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Finally, 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 research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and an average price target of $104.67.

Louisiana-Pacific Stock Down 3.4 %

Louisiana-Pacific stock opened at $107.45 on Monday. Louisiana-Pacific has a fifty-two week low of $63.76 and a fifty-two week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The firm’s 50-day simple moving average is $110.57 and its 200 day simple moving average is $101.04. The stock has a market cap of $7.55 billion, a PE ratio of 18.53, a price-to-earnings-growth ratio of 2.72 and a beta of 1.94.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares of the company’s stock, 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 SEC, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the sale, the director now owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Natixis Advisors LLC grew its position in Louisiana-Pacific by 4.4% during the second quarter. Natixis Advisors LLC now owns 29,804 shares of the building manufacturing company’s stock worth $2,454,000 after buying an additional 1,267 shares in the last quarter. Rhumbline Advisers raised its stake in Louisiana-Pacific by 3.0% in the second quarter. Rhumbline Advisers now owns 202,095 shares of the building manufacturing company’s stock valued at $16,638,000 after purchasing an additional 5,869 shares in the last quarter. TD Asset Management Inc bought a new stake in Louisiana-Pacific during the second quarter valued at approximately $2,124,000. Arizona State Retirement System grew its stake in Louisiana-Pacific by 2.1% in the 2nd quarter. Arizona State Retirement System now owns 18,203 shares of the building manufacturing company’s stock worth $1,499,000 after buying an additional 366 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Louisiana-Pacific by 32.0% in the 2nd quarter. Private Advisor Group LLC now owns 10,350 shares of the building manufacturing company’s stock worth $852,000 after buying an additional 2,511 shares during the last quarter. 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.