Louisiana-Pacific (NYSE:LPX) Hits New 1-Year High Following Analyst Upgrade

Louisiana-Pacific Co. (NYSE:LPX)’s stock price reached a new 52-week high during trading on Wednesday after DA Davidson raised their price target on the stock from $110.00 to $125.00. DA Davidson currently has a buy rating on the stock. Louisiana-Pacific traded as high as $112.11 and last traded at $112.01, with a volume of 5422 shares trading hands. The stock had previously closed at $108.50.

Several other research firms also recently commented on LPX. The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday. Bank of America upped their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Finally, Truist Financial lifted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $101.78.

Insider Buying and Selling

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LPX. Fidelis Capital Partners LLC acquired a new stake in shares of Louisiana-Pacific in the first quarter valued at approximately $25,000. Whittier Trust Co. purchased a new position in shares of Louisiana-Pacific during the 1st quarter worth $31,000. Bessemer Group Inc. boosted its position in shares of Louisiana-Pacific by 258.5% during the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific in the third quarter valued at about $38,000. Finally, GAMMA Investing LLC increased its position in 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 purchasing an additional 177 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Down 0.3 %

The firm’s fifty day simple moving average is $101.66 and its two-hundred day simple moving average is $92.87. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $7.60 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 4.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million for the quarter, compared to analysts’ expectations 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 period in the prior year, the firm posted $0.55 earnings per share. Sell-side analysts anticipate that Louisiana-Pacific Co. will post 5.12 EPS for the current year.

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.