Loop Capital Lowers Louisiana-Pacific (NYSE:LPX) Price Target to $110.00

Louisiana-Pacific (NYSE:LPX) had its target price lowered by equities researchers at Loop Capital from $117.00 to $110.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the building manufacturing company’s stock. Loop Capital’s price objective indicates a potential upside of 9.01% from the stock’s current price.

LPX has been the subject of several other reports. DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. 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. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Truist Financial raised their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Finally, TD Securities reduced their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Two investment 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. According to data from MarketBeat, Louisiana-Pacific currently has an average rating of “Hold” and an average price target of $111.50.

Louisiana-Pacific Trading Up 3.3 %

Shares of Louisiana-Pacific stock opened at $100.91 on Monday. 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’s 50 day moving average is $109.73 and its 200-day moving average is $106.71. Louisiana-Pacific has a 12-month low of $69.94 and a 12-month high of $122.87. The stock has a market cap of $7.03 billion, a P/E ratio of 17.16, a P/E/G ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The company had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same period last year, the firm posted $0.71 earnings per share. The business’s revenue was up 3.5% on a year-over-year basis. Equities research analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares of the company’s stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.26% of the stock is owned by insiders.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of LPX. Private Advisor Group LLC boosted its position in shares of Louisiana-Pacific by 4.8% during the third quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock valued at $1,165,000 after buying an additional 493 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Louisiana-Pacific by 10,646.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock worth $7,483,000 after purchasing an additional 68,986 shares during the period. Hennion & Walsh Asset Management Inc. bought a new stake in shares of Louisiana-Pacific in the third quarter valued at $256,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Louisiana-Pacific by 68.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,456 shares of the building manufacturing company’s stock valued at $694,000 after buying an additional 2,615 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Louisiana-Pacific by 73.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,254 shares of the building manufacturing company’s stock worth $561,000 after acquiring an additional 2,229 shares in the last quarter. 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.