Louisiana-Pacific Co. (NYSE:LPX) Receives Average Recommendation of “Hold” from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have received a consensus rating of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $108.38.

LPX has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. TD Securities raised their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a report on Tuesday, November 12th. Finally, Truist Financial increased their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now owns 28,638 shares in the company, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is owned by company insiders.

Institutional Trading of Louisiana-Pacific

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC grew its position in shares of Louisiana-Pacific by 4.3% in the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock valued at $255,000 after purchasing an additional 97 shares during the period. Gateway Investment Advisers LLC grew its position in shares of Louisiana-Pacific by 4.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock valued at $280,000 after purchasing an additional 99 shares during the period. Hanseatic Management Services Inc. grew its position in shares of Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System grew its position in shares of Louisiana-Pacific by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock valued at $1,802,000 after purchasing an additional 100 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of Louisiana-Pacific by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after purchasing an additional 114 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.7 %

NYSE LPX opened at $117.29 on Monday. The company has a fifty day simple moving average of $112.00 and a two-hundred day simple moving average of $104.80. The stock has a market cap of $8.24 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.39 and a beta of 1.94. Louisiana-Pacific has a 12-month low of $63.76 and a 12-month high of $122.87. 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 annualized dividend and a yield of 0.89%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

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.