Louisiana-Pacific (NYSE:LPX) Rating Increased to Buy at StockNews.com

Louisiana-Pacific (NYSE:LPX) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

LPX has been the subject of several other reports. Royal Bank of Canada upped their price target on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research note on Thursday, August 8th. The Goldman Sachs Group raised their target price 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. BMO Capital Markets cut shares of 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. DA Davidson increased their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a report on Friday, June 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $105.00 target price (up from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus price target of $94.88.

Louisiana-Pacific Price Performance

Shares of LPX stock traded down $0.88 on Thursday, hitting $93.30. 248,057 shares of the stock traded hands, compared to its average volume of 887,346. The firm has a market cap of $6.69 billion, a price-to-earnings ratio of 25.63, a PEG ratio of 0.62 and a beta of 1.89. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The firm has a 50 day simple moving average of $91.62 and a two-hundred day simple moving average of $84.96. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $101.89.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results 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 business 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 business’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. As a group, equities research analysts predict that Louisiana-Pacific will post 5.05 earnings per share for the current fiscal year.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now directly owns 23,501 shares in the company, valued at $2,095,819.18. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the transaction, the director now directly owns 23,501 shares in the company, valued at approximately $2,095,819.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,991 shares of company stock worth $3,443,269. 1.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds have recently bought and sold shares of the business. LifeSteps Financial Inc. bought a new position in Louisiana-Pacific in the 1st quarter worth about $25,000. Fidelis Capital Partners LLC bought a new position in Louisiana-Pacific in the first quarter worth approximately $25,000. Whittier Trust Co. purchased a new position in Louisiana-Pacific during the 1st quarter worth $31,000. Bessemer Group Inc. raised its position in 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 purchasing an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after purchasing an additional 177 shares in the last quarter. 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.