Louisiana-Pacific (NYSE:LPX) Price Target Raised to $103.00 at BMO Capital Markets

Louisiana-Pacific (NYSE:LPX) had its price target hoisted by BMO Capital Markets from $99.00 to $103.00 in a research report sent to investors on Tuesday,Benzinga reports. The firm currently has a market perform rating on the building manufacturing company’s stock.

A number of other analysts have also recently weighed in on the stock. Bank of America raised 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. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 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 report on Wednesday, November 6th. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Truist Financial upped their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Trading Up 0.4 %

LPX opened at $112.78 on Tuesday. Louisiana-Pacific has a 12 month low of $57.72 and a 12 month high of $114.26. The stock has a fifty day moving average price of $103.08 and a 200-day moving average price of $94.15. The firm has a market cap of $7.92 billion, a price-to-earnings ratio of 19.44, a PEG ratio of 2.71 and a beta of 1.88. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 17.93%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s 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 sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s 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 completion of the sale, the director now directly owns 21,005 shares in the company, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction 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 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 disclosure for this sale can be found here. 1.53% of the stock is owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Large investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in shares of Louisiana-Pacific by 11.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after purchasing an additional 177,132 shares in the last quarter. Marshall Wace LLP raised its position in shares of Louisiana-Pacific by 92.4% in the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after buying an additional 602,803 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Louisiana-Pacific by 11,417.9% in the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after buying an additional 1,096,804 shares in the last quarter. William Blair Investment Management LLC acquired a new position in Louisiana-Pacific during the second quarter worth about $91,053,000. Finally, Jacobs Levy Equity Management Inc. boosted its position 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 acquiring an additional 57,966 shares during the last quarter. 94.73% of the stock is currently 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.