Loop Capital Begins Coverage on Louisiana-Pacific (NYSE:LPX)

Equities research analysts at Loop Capital began coverage on shares of Louisiana-Pacific (NYSE:LPX) in a research note issued on Friday, MarketBeat reports. The firm set a “hold” rating and a $82.00 price target on the building manufacturing company’s stock. Loop Capital’s price objective would indicate a potential upside of 10.36% from the company’s previous close.

Several other research analysts have also recently commented on the company. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. TD Cowen reaffirmed a “hold” rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a research note on Thursday, February 29th. TD Securities upped their price target on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a report on Thursday, February 15th. Finally, Truist Financial raised their price objective on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Thursday, January 4th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $74.75.

Louisiana-Pacific Trading Up 0.6 %

LPX opened at $74.30 on Friday. The firm’s 50 day moving average is $77.05 and its 200-day moving average is $68.76. Louisiana-Pacific has a 52-week low of $49.47 and a 52-week high of $84.54. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $5.37 billion, a P/E ratio of 30.33 and a beta of 1.87.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. During the same period last year, the business earned $0.61 EPS. The business’s revenue was down 6.7% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post 4.89 EPS for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

A number of hedge funds have recently made changes to their positions in LPX. LifeSteps Financial Inc. acquired a new stake in Louisiana-Pacific in the 1st quarter valued at approximately $25,000. Fidelis Capital Partners LLC bought a new position in shares of Louisiana-Pacific in the first quarter worth $25,000. Whittier Trust Co. acquired a new position in shares of Louisiana-Pacific during the first quarter valued at $31,000. Larson Financial Group LLC bought a new stake in shares of Louisiana-Pacific during the third quarter valued at about $37,000. Finally, Signaturefd LLC raised its stake in shares of Louisiana-Pacific by 232.9% during the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after purchasing an additional 552 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

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.