TD upgraded shares of Louisiana-Pacific (NYSE:LPX – Free Report) from a hold rating to a buy rating in a report released on Thursday,BayStreet.CA reports. They currently have $86.00 price objective on the building manufacturing company’s stock.
Several other research firms have also weighed in on LPX. Oppenheimer reduced their price objective on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a research note on Thursday. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Weiss Ratings cut shares of Louisiana-Pacific from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, April 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $104.00 price target on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Finally, DA Davidson reaffirmed a “buy” rating and set a $114.00 price objective on shares of Louisiana-Pacific in a research note on Tuesday, May 5th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and an average target price of $97.25.
Check Out Our Latest Report on Louisiana-Pacific
Louisiana-Pacific Trading Down 0.3%
Louisiana-Pacific (NYSE:LPX – Get Free Report) last posted its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.24. The company had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 EPS. On average, equities analysts expect that Louisiana-Pacific will post 2.45 earnings per share for the current year.
Louisiana-Pacific Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Thursday, May 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 94.92%.
Insider Activity
In other news, CEO William Bradley Southern sold 14,166 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total transaction of $1,264,882.14. Following the completion of the transaction, the chief executive officer directly owned 461,719 shares of the company’s stock, valued at $41,226,889.51. This represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lizanne M. Bruce sold 1,300 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the transaction, the director owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. The trade was a 7.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.65% of the company’s stock.
Hedge Funds Weigh In On Louisiana-Pacific
Several hedge funds have recently made changes to their positions in LPX. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the second quarter worth $26,000. Parallel Advisors LLC grew its position in Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in Louisiana-Pacific in the 4th quarter valued at $29,000. Root Financial Partners LLC lifted its position in Louisiana-Pacific by 177.6% during the 1st quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after buying an additional 277 shares in the last quarter. Finally, Whittier Trust Co. lifted its position in Louisiana-Pacific by 138.1% during the 1st quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 290 shares in the last quarter. 94.73% of the stock is owned by institutional investors.
Key Stories Impacting Louisiana-Pacific
Here are the key news stories impacting Louisiana-Pacific this week:
- Positive Sentiment: BMO Capital upgraded Louisiana-Pacific to outperform and set a $94 price target, adding to the bullish tone around the stock. BMO Capital upgrades Louisiana-Pacific (LPX)
- Positive Sentiment: Truist reaffirmed its buy rating on LPX and kept a $93 target, implying meaningful upside from current levels.
- Positive Sentiment: Barclays reiterated an overweight rating and only trimmed its target slightly to $89, signaling continued confidence in the stock.
- Positive Sentiment: TD Securities upgraded LPX from hold to buy and assigned an $86 target, reflecting improved sentiment after the earnings report.
- Positive Sentiment: BMO Capital Markets also upgraded LPX earlier this week from market perform to outperform, while Oppenheimer maintained an outperform rating despite lowering its target to $107.
- Positive Sentiment: Louisiana-Pacific’s Q1 2026 results beat expectations, with EPS of $0.38 versus the $0.14 consensus, helping support the recent analyst upgrades.
- Neutral Sentiment: Zacks Research upgraded LPX from strong sell to hold, which is an improvement but still not a bullish call.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.
Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.
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