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

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned an average recommendation of “Hold” from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $104.67.

A number of research analysts have weighed in on LPX shares. DA Davidson upped their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Bank of America upped their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. The Goldman Sachs Group raised 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. TD Securities upped their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Finally, Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred 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 owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of LPX. CWA Asset Management Group LLC bought a new position in Louisiana-Pacific in the fourth quarter valued at about $505,000. Versant Capital Management Inc increased its position in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Louisiana-Pacific by 6.4% in the 3rd quarter. Franklin Resources Inc. now owns 500,374 shares of the building manufacturing company’s stock worth $51,984,000 after purchasing an additional 30,297 shares during the period. Tidal Investments LLC boosted its holdings in shares of Louisiana-Pacific by 35.0% in the third quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock worth $3,076,000 after buying an additional 7,419 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Louisiana-Pacific during the third quarter valued at approximately $323,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Down 0.5 %

Shares of LPX opened at $106.82 on Thursday. Louisiana-Pacific has a 1-year low of $63.76 and a 1-year high of $122.87. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 2.72 and a beta of 1.94. The firm’s 50-day moving average price is $110.57 and its 200-day moving average price is $101.04. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. Louisiana-Pacific’s payout ratio is currently 17.93%.

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.