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

StockNews.com upgraded shares of Louisiana-Pacific (NYSE:LPX) from a hold rating to a buy rating in a research note published on Saturday.

A number of other analysts have also commented on LPX. Truist Financial boosted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. The Goldman Sachs Group lifted their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, August 8th. Bank of America raised their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets cut Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Stock Up 7.3 %

Shares of Louisiana-Pacific stock opened at $108.55 on Friday. Louisiana-Pacific has a 1 year low of $57.13 and a 1 year high of $112.06. 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 company has a market capitalization of $7.63 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 4.60 and a beta of 1.88. The business has a 50-day moving average of $101.66 and a two-hundred day moving average of $92.87.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 33.2% on a year-over-year basis. As a group, equities analysts predict that Louisiana-Pacific will post 5.12 EPS for the current year.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, the director now directly owns 29,008 shares in the company, valued at approximately $2,787,668.80. 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 accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the 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 directly owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 in the last quarter. 1.26% of the stock is currently owned by insiders.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently modified their holdings of the stock. Fidelis Capital Partners LLC acquired a new stake in Louisiana-Pacific during the first quarter worth about $25,000. Whittier Trust Co. bought a new position in Louisiana-Pacific in the first quarter valued at approximately $31,000. Bessemer Group Inc. raised its position in Louisiana-Pacific by 258.5% during the first 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. Harbor Capital Advisors Inc. bought a new stake in Louisiana-Pacific during the third quarter worth $38,000. Finally, GAMMA Investing LLC lifted its stake in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

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.