DA Davidson Has Lowered Expectations for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price target reduced by stock analysts at DA Davidson from $125.00 to $123.00 in a report released on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the building manufacturing company’s stock. DA Davidson’s target price points to a potential upside of 24.52% from the stock’s previous close. DA Davidson also issued estimates for Louisiana-Pacific’s Q1 2025 earnings at $1.13 EPS.

A number of other brokerages have also recently commented on LPX. TD Securities increased 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. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Truist Financial upped their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. BMO Capital Markets lifted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday. Finally, The Goldman Sachs Group boosted their price objective 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 research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and a consensus target price of $108.00.

Louisiana-Pacific Trading Down 2.1 %

Shares of LPX stock opened at $98.78 on Thursday. Louisiana-Pacific has a fifty-two week low of $67.47 and a fifty-two week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $110.24 and a 200-day simple moving average of $106.49. The stock has a market cap of $6.94 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.23 and a beta of 1.95.

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

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s 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 completion of the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific during the 4th quarter worth approximately $35,000. Versant Capital Management Inc raised its holdings in 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 during the period. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific during the third quarter valued at approximately $38,000. Finally, Covestor Ltd grew its stake 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 buying an additional 163 shares during the period. Institutional investors and hedge funds 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.