Truist Financial Boosts Louisiana-Pacific (NYSE:LPX) Price Target to $113.00

Louisiana-Pacific (NYSE:LPX) had its target price raised by analysts at Truist Financial from $105.00 to $113.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the building manufacturing company’s stock. Truist Financial’s price target points to a potential upside of 8.76% from the company’s previous close.

A number of other research analysts have also commented on the company. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a report on Thursday, August 8th. The Goldman Sachs Group upped their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research note on Thursday, August 8th. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. Bank of America increased their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Finally, StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $93.56.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $103.90 on Tuesday. The stock has a market cap of $7.45 billion, a PE ratio of 28.54, a P/E/G ratio of 4.96 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The firm has a 50-day moving average of $99.13 and a 200-day moving average of $90.03. Louisiana-Pacific has a 52-week low of $49.47 and a 52-week high of $109.73.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same period last year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Louisiana-Pacific will post 5.04 EPS for the current year.

Insiders Place Their Bets

In other news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at $55,773,027.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock valued at $3,368,774 in the last 90 days. Corporate insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors have recently modified their holdings of LPX. Price T Rowe Associates Inc. MD lifted its holdings in Louisiana-Pacific by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock valued at $146,026,000 after buying an additional 177,132 shares during the period. Marshall Wace LLP lifted its stake in shares of Louisiana-Pacific by 92.4% in the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after purchasing an additional 602,803 shares during the period. William Blair Investment Management LLC bought a new stake in shares of Louisiana-Pacific during the 2nd quarter valued at about $91,053,000. Jacobs Levy Equity Management Inc. grew its stake in Louisiana-Pacific by 6.7% during the first quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock worth $77,660,000 after purchasing an additional 57,966 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in Louisiana-Pacific by 188.3% in the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after purchasing an additional 292,200 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

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.