Louisiana-Pacific (NYSE:LPX) Price Target Lowered to $110.00 at Loop Capital

Louisiana-Pacific (NYSE:LPX) had its target price cut by Loop Capital from $117.00 to $110.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a hold rating on the building manufacturing company’s stock.

A number of other brokerages also recently issued reports on LPX. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. TD Securities cut their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, BMO Capital Markets boosted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $100.10 on Monday. The stock has a market cap of $6.98 billion, a price-to-earnings ratio of 17.02, a PEG ratio of 1.24 and a beta of 1.95. The firm’s 50-day moving average is $109.65 and its 200 day moving average is $106.67. Louisiana-Pacific has a 1 year low of $70.67 and a 1 year high of $122.87. 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 (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. During the same quarter in the previous year, the firm earned $0.71 EPS. Louisiana-Pacific’s revenue was up 3.5% on a year-over-year basis. Sell-side analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be given a $0.28 dividend. The ex-dividend date is Thursday, February 27th. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently made changes to their positions in the business. Putney Financial Group LLC bought a new stake in shares of Louisiana-Pacific during the fourth quarter worth $389,000. Mackenzie Financial Corp grew its stake in Louisiana-Pacific by 193.6% in the fourth quarter. Mackenzie Financial Corp now owns 10,201 shares of the building manufacturing company’s stock valued at $1,056,000 after purchasing an additional 6,727 shares during the last quarter. Western Wealth Management LLC purchased a new position in Louisiana-Pacific in the fourth quarter valued at about $207,000. Breed s Hill Capital LLC purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth about $207,000. Finally, Woodline Partners LP purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth about $19,039,000. 94.73% of the stock is currently owned by 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.