Louisiana-Pacific (NYSE:LPX) Given New $108.00 Price Target at BMO Capital Markets

Louisiana-Pacific (NYSE:LPX) had its price objective hoisted by BMO Capital Markets from $105.00 to $108.00 in a report released on Thursday morning,Benzinga reports. The brokerage currently has a market perform rating on the building manufacturing company’s stock.

A number of other analysts have also recently weighed in on LPX. Truist Financial increased their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. DA Davidson upped their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Finally, TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and an average price target of $108.00.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $100.98 on Thursday. The stock has a market capitalization of $7.09 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.23 and a beta of 1.95. The firm’s fifty day simple moving average is $110.52 and its 200-day simple moving average is $106.44. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific has a 12 month low of $66.77 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period in the previous year, the business posted $0.71 earnings per share. Louisiana-Pacific’s quarterly revenue was up 3.5% on a year-over-year basis. As a group, equities analysts forecast that Louisiana-Pacific will post 5.37 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.11%. Louisiana-Pacific’s dividend payout ratio is 17.69%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors have recently modified their holdings of the company. UMB Bank n.a. increased its stake in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific in the fourth quarter valued at $35,000. Versant Capital Management Inc increased its position in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in shares of Louisiana-Pacific during the 3rd quarter worth $38,000. Finally, Covestor Ltd boosted its position in shares of Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after buying an additional 163 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.