Louisiana-Pacific Co. (NYSE:LPX) Given Consensus Recommendation of “Hold” by Brokerages

Louisiana-Pacific Co. (NYSE:LPX) has been assigned a consensus rating of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $108.38.

Several brokerages have recently commented on LPX. BMO Capital Markets increased their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a report on Tuesday, November 12th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. TD Securities boosted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. DA Davidson increased their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th.

Insider Buying and Selling

In other news, Director Ozey K. Horton, Jr. sold 300 shares of Louisiana-Pacific stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the transaction, the director now directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Large investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its position in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific in the 3rd quarter worth $38,000. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific during the third quarter worth $43,000. Covestor Ltd raised its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Up 0.6 %

NYSE:LPX opened at $105.72 on Thursday. 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 stock has a market capitalization of $7.43 billion, a P/E ratio of 18.23, a P/E/G ratio of 2.72 and a beta of 1.94. The company’s 50-day simple moving average is $110.98 and its 200-day simple moving average is $101.52. Louisiana-Pacific has a fifty-two week low of $63.76 and a fifty-two week high of $122.87.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.98%. Louisiana-Pacific’s payout ratio is currently 17.93%.

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.