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

Louisiana-Pacific (NYSE:LPX) had its price target upped by stock analysts at Truist Financial from $117.00 to $135.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the building manufacturing company’s stock. Truist Financial’s price target would suggest a potential upside of 26.30% from the company’s current price.

A number of other research firms also recently weighed in on LPX. BMO Capital Markets upped their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. DA Davidson boosted their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Finally, The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific has an average rating of “Hold” and a consensus target price of $104.67.

Louisiana-Pacific Trading Up 2.9 %

NYSE LPX opened at $106.89 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. Louisiana-Pacific has a one year low of $63.76 and a one year high of $122.87. The company has a 50-day simple moving average of $110.20 and a 200-day simple moving average of $100.63. The firm has a market capitalization of $7.51 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 2.72 and a beta of 1.94.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction 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. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were 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 in the company, valued at approximately $2,101,225.50. The trade was 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 company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Large investors have recently bought and sold shares of the company. FMR LLC lifted its position in Louisiana-Pacific by 25.2% in the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after acquiring an additional 638,058 shares in the last quarter. State Street Corp raised its holdings in shares of Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock valued at $231,529,000 after purchasing an additional 210,113 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after purchasing an additional 602,803 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after purchasing an additional 1,096,804 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in Louisiana-Pacific in the second quarter valued at $91,053,000. 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.