Louisiana-Pacific (NYSE:LPX) Raised to “Buy” at StockNews.com

Louisiana-Pacific (NYSE:LPX) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other equities analysts also recently weighed in on the company. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price on the stock. in a report on Thursday, August 8th. Royal Bank of Canada upped their target price on Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a report on Thursday, August 8th. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. Bank of America boosted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. Finally, Truist Financial boosted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and a consensus price target of $93.56.

Louisiana-Pacific Price Performance

Shares of LPX opened at $103.58 on Wednesday. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 28.46, a P/E/G ratio of 4.96 and a beta of 1.88. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $109.73. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The business’s 50-day moving average is $100.66 and its 200-day moving average is $91.21.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 EPS. Equities research analysts expect that Louisiana-Pacific will post 5.04 EPS for the current fiscal year.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 over the last 90 days. 1.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LPX. Fidelis Capital Partners LLC acquired a new position in shares of Louisiana-Pacific during the first quarter worth approximately $25,000. Whittier Trust Co. acquired a new position in shares of Louisiana-Pacific during the first quarter worth approximately $31,000. Bessemer Group Inc. lifted its holdings in shares of Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after buying an additional 318 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after buying an additional 177 shares during the last quarter. Finally, V Square Quantitative Management LLC acquired a new position in shares of Louisiana-Pacific during the third quarter worth approximately $43,000. 94.73% of the stock is currently 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.