Louisiana-Pacific (NYSE:LPX) Price Target Lowered to $117.00 at TD Securities

Louisiana-Pacific (NYSE:LPX) had its price objective trimmed by TD Securities from $123.00 to $117.00 in a research report report published on Thursday,BayStreet.CA reports. The brokerage currently has a hold rating on the building manufacturing company’s stock.

A number of other equities analysts have also weighed in on LPX. Royal Bank of Canada reiterated an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. BMO Capital Markets increased their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday. Finally, Truist Financial boosted their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific Trading Down 0.5 %

Shares of LPX stock opened at $100.98 on Thursday. Louisiana-Pacific has a 1 year low of $66.77 and a 1 year high of $122.87. The firm has a fifty day moving average price of $110.52 and a 200-day moving average price of $106.44. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.23 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.71 earnings per share. As a group, equities analysts predict that Louisiana-Pacific will post 5.37 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.11%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s payout ratio is 17.69%.

Insiders Place Their Bets

In other news, 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 transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

A number of hedge funds have recently added to or reduced their stakes in the business. Mackenzie Financial Corp raised its holdings in shares of Louisiana-Pacific by 193.6% in the 4th quarter. Mackenzie Financial Corp now owns 10,201 shares of the building manufacturing company’s stock valued at $1,056,000 after purchasing an additional 6,727 shares in the last quarter. Western Wealth Management LLC purchased a new position in Louisiana-Pacific during the fourth quarter valued at approximately $207,000. Breed s Hill Capital LLC bought a new position in Louisiana-Pacific in the fourth quarter worth approximately $207,000. Woodline Partners LP purchased a new stake in Louisiana-Pacific during the fourth quarter worth $19,039,000. Finally, Sagefield Capital LP bought a new stake in Louisiana-Pacific during the 4th quarter valued at $3,446,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

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.