Brokerages Set Louisiana-Pacific Co. (NYSE:LPX) Target Price at $72.00

Louisiana-Pacific Co. (NYSE:LPX) has earned a consensus recommendation of “Buy” from the five brokerages that are covering the firm, Marketbeat reports. Five research analysts have rated the stock with a buy rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $72.00.

A number of research analysts have issued reports on LPX shares. TD Securities reduced their target price on shares of Louisiana-Pacific from $75.00 to $71.00 and set a “buy” rating on the stock in a report on Thursday, November 2nd. StockNews.com upgraded shares of Louisiana-Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. TD Cowen upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a report on Wednesday, September 20th. DA Davidson upgraded shares of Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Wednesday, August 23rd. Finally, Royal Bank of Canada reduced their target price on shares of Louisiana-Pacific from $75.00 to $72.00 and set an “outperform” rating on the stock in a report on Thursday, November 2nd.

Insider Transactions at Louisiana-Pacific

In other news, CAO Derek Nelson Doyle sold 1,500 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $58.65, for a total transaction of $87,975.00. Following the transaction, the chief accounting officer now directly owns 4,356 shares in the company, valued at approximately $255,479.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Institutional investors and hedge funds have recently bought and sold shares of the business. Zions Bancorporation N.A. acquired a new stake in Louisiana-Pacific during the 1st quarter worth approximately $25,000. Bartlett & Co. LLC acquired a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $30,000. Fifth Third Bancorp increased its position in Louisiana-Pacific by 36.5% during the 2nd quarter. Fifth Third Bancorp now owns 497 shares of the building manufacturing company’s stock worth $37,000 after purchasing an additional 133 shares in the last quarter. Osterweis Capital Management Inc. acquired a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $45,000. Finally, Larson Financial Group LLC acquired a new stake in Louisiana-Pacific during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 91.94% of the company’s stock.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $57.95 on Friday. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $79.56. The company has a quick ratio of 1.38, a current ratio of 2.80 and a debt-to-equity ratio of 0.23. The firm’s 50-day simple moving average is $55.79 and its 200 day simple moving average is $62.53. The firm has a market capitalization of $4.18 billion, a PE ratio of 37.88 and a beta of 1.71.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, November 1st. The building manufacturing company reported $1.62 EPS for the quarter, topping the consensus estimate of $1.53 by $0.09. The business had revenue of $728.00 million for the quarter, compared to analyst estimates of $724.35 million. Louisiana-Pacific had a net margin of 4.22% and a return on equity of 15.51%. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.72 EPS. On average, equities research analysts predict that Louisiana-Pacific will post 3.02 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Friday, November 10th will be issued a dividend of $0.24 per share. The ex-dividend date of this dividend is Thursday, November 9th. This represents a $0.96 annualized dividend and a dividend yield of 1.66%. Louisiana-Pacific’s payout ratio is currently 62.75%.

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, and South America. 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.