DA Davidson Forecasts Strong Price Appreciation for Louisiana-Pacific (NYSE:LPX) Stock

Louisiana-Pacific (NYSE:LPX) had its price target hoisted by research analysts at DA Davidson from $110.00 to $125.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the building manufacturing company’s stock. DA Davidson’s price objective would indicate a potential upside of 16.39% from the company’s previous close.

Several other research analysts also recently weighed in on LPX. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday. Bank of America increased their price target 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. BMO Capital Markets downgraded 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 report on Thursday, August 8th. Finally, Truist Financial increased their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has an average rating of “Hold” and an average price target of $101.78.

Louisiana-Pacific Stock Performance

LPX stock traded down $1.10 on Wednesday, hitting $107.40. The company had a trading volume of 530,604 shares, compared to its average volume of 845,825. Louisiana-Pacific has a 12-month low of $57.13 and a 12-month high of $113.04. 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 stock’s 50-day simple moving average is $101.66 and its 200 day simple moving average is $92.87. The stock has a market cap of $7.55 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 4.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results 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 company had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $797.26 million. During the same quarter last year, the company posted $0.55 earnings per share. The firm’s quarterly revenue was up 33.2% on a year-over-year basis. As a group, equities research analysts expect that Louisiana-Pacific will post 5.12 earnings per share for the current fiscal year.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,900 shares of company stock worth $3,368,774. Insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently made changes to their positions in the business. Fidelis Capital Partners LLC purchased a new position in shares of Louisiana-Pacific in the 1st quarter worth $25,000. Harbor Capital Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the 3rd quarter worth about $38,000. Whittier Trust Co. purchased a new position in shares of Louisiana-Pacific during the 1st quarter worth about $31,000. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific during the 3rd quarter worth about $43,000. Finally, Covestor Ltd boosted its stake in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares during the period. 94.73% of the stock is owned by hedge funds and other 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.