Louisiana-Pacific (NYSE:LPX) Price Target Raised to $108.00 at Truist Financial

Louisiana-Pacific (NYSE:LPX) had its price objective raised by analysts at Truist Financial from $102.00 to $108.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the building manufacturing company’s stock. Truist Financial’s price target suggests a potential upside of 28.14% from the company’s previous close.

LPX has been the topic of a number of other reports. Barclays started coverage on shares of Louisiana-Pacific in a research note on Monday, December 8th. They issued an “overweight” rating and a $100.00 price objective on the stock. DA Davidson restated a “buy” rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, November 20th. Royal Bank Of Canada reduced their price objective on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, TD Securities dropped their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, November 6th. Six analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.43.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded up $0.39 during trading hours on Tuesday, reaching $84.28. The stock had a trading volume of 60,592 shares, compared to its average volume of 489,663. The firm has a 50-day moving average of $81.89 and a 200-day moving average of $88.21. The firm has a market cap of $5.87 billion, a price-to-earnings ratio of 27.31 and a beta of 1.80. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a fifty-two week low of $73.42 and a fifty-two week high of $119.91.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $663.00 million during the quarter, compared to analysts’ expectations of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. Louisiana-Pacific’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.22 EPS. Equities research analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Stephen E. Macadam acquired 3,200 shares of the company’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average price of $78.06 per share, with a total value of $249,792.00. Following the completion of the acquisition, the director directly owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO William Bradley Southern sold 1,318 shares of the stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $85.38, for a total value of $112,530.84. Following the completion of the transaction, the chief executive officer owned 558,590 shares of the company’s stock, valued at $47,692,414.20. The trade was a 0.24% decrease in their position. The SEC filing for this sale provides additional information. 1.42% of the stock is owned by insiders.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC increased its holdings in Louisiana-Pacific by 33,243.5% in the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after buying an additional 2,581,023 shares in the last quarter. Eminence Capital LP grew its holdings in shares of Louisiana-Pacific by 72.3% in the 2nd quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock worth $248,291,000 after acquiring an additional 1,211,495 shares during the period. Boston Partners purchased a new position in Louisiana-Pacific in the 3rd quarter valued at approximately $100,770,000. Norges Bank purchased a new position in Louisiana-Pacific in the 2nd quarter valued at approximately $72,299,000. Finally, Victory Capital Management Inc. raised its holdings in Louisiana-Pacific by 674.8% during the third quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company’s stock worth $62,068,000 after purchasing an additional 608,480 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About Louisiana-Pacific

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.