Louisiana-Pacific (NYSE:LPX) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Louisiana-Pacific (NYSE:LPX) had its price target raised by The Goldman Sachs Group from $90.00 to $99.00 in a report released on Wednesday,Benzinga reports. The Goldman Sachs Group currently has a sell rating on the building manufacturing company’s stock.

LPX has been the subject of several other reports. Truist Financial lifted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Bank of America boosted their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research note on Thursday, August 8th. Finally, StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $101.78.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $111.63 on Wednesday. The firm’s 50 day simple moving average is $102.40 and its 200-day simple moving average is $93.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 2.92. Louisiana-Pacific has a one year low of $57.13 and a one year high of $113.04. The firm has a market cap of $7.84 billion, a PE ratio of 19.25, a price-to-earnings-growth ratio of 4.79 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, topping the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The company had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. During the same period last year, the business posted $0.55 EPS. Louisiana-Pacific’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, equities analysts predict that Louisiana-Pacific will post 5.29 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William Bradley Southern sold 32,600 shares of the company’s 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 transaction, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. raised its stake in shares of Louisiana-Pacific by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock worth $18,045,000 after purchasing an additional 7,367 shares during the last quarter. Diversified Trust Co purchased a new position in Louisiana-Pacific during the 2nd quarter worth approximately $590,000. Ensign Peak Advisors Inc raised its position in Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock worth $2,917,000 after buying an additional 12,950 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its stake in Louisiana-Pacific by 16.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock valued at $3,914,000 after acquiring an additional 6,533 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of Louisiana-Pacific in the 1st quarter valued at $827,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.