Louisiana-Pacific (NYSE:LPX) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Louisiana-Pacific (NYSE:LPX) from a buy rating to a hold rating in a research report released on Sunday.

A number of other equities research analysts also recently weighed in on LPX. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research report on Thursday, August 8th. TD Securities raised their price objective 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 boosted their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, DA Davidson upped their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $102.22.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $112.78 on Friday. The company’s fifty day moving average price is $103.08 and its 200-day moving average price is $94.15. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.95. The firm has a market capitalization of $7.92 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.74 and a beta of 1.88. Louisiana-Pacific has a one year low of $57.72 and a one year high of $114.26.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.92%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Insider Activity

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. increased its stake in Louisiana-Pacific by 258.5% during the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after purchasing an additional 318 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Louisiana-Pacific during the third quarter valued at approximately $38,000. GAMMA Investing LLC raised its holdings in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after acquiring an additional 177 shares during the last quarter. V Square Quantitative Management LLC bought a new position in Louisiana-Pacific in the 3rd quarter valued at approximately $43,000. Finally, Covestor Ltd boosted its stake in Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. 94.73% of the stock is currently owned by 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.