Louisiana-Pacific (NYSE:LPX) Given New $123.00 Price Target at DA Davidson

Louisiana-Pacific (NYSE:LPX) had its target price trimmed by DA Davidson from $125.00 to $123.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the building manufacturing company’s stock. DA Davidson also issued estimates for Louisiana-Pacific’s Q1 2025 earnings at $1.13 EPS.

LPX has been the subject of a number of other reports. TD Securities upped their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday, November 6th. Truist Financial upped their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday. BMO Capital Markets upped their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday. Finally, The Goldman Sachs Group upped their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific Stock Down 2.1 %

LPX stock opened at $98.78 on Thursday. The company’s 50 day moving average price is $110.24 and its 200 day moving average price is $106.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific has a fifty-two week low of $67.47 and a fifty-two week high of $122.87. The firm has a market capitalization of $6.88 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be issued a $0.28 dividend. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is presently 17.69%.

Insider Activity

In related news, Director Lizanne C. Gottung sold 2,500 shares of the 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 of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds have recently modified their holdings of LPX. Private Advisor Group LLC lifted its holdings 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 worth $1,165,000 after purchasing an additional 493 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Louisiana-Pacific by 10,646.0% during the third 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. Riverwater Partners LLC lifted its holdings in shares of Louisiana-Pacific by 2.6% during the third quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company’s stock worth $1,082,000 after purchasing an additional 252 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in shares of Louisiana-Pacific during the third quarter worth $256,000. Finally, Impact Partnership Wealth LLC acquired a new stake in shares of Louisiana-Pacific during the third quarter worth $213,000. 94.73% of the stock is owned by institutional investors and hedge funds.

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.