Louisiana-Pacific (NYSE:LPX) Raised to “Buy” at StockNews.com

Louisiana-Pacific (NYSE:LPX) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other research analysts also recently commented on LPX. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price on the stock. in a report on Thursday, August 8th. Truist Financial lifted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research report on Thursday, August 8th. 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, Bank of America upped their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.56.

Louisiana-Pacific Stock Up 1.6 %

Shares of LPX opened at $100.49 on Friday. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 4.52 and a beta of 1.88. Louisiana-Pacific has a 52 week low of $55.06 and a 52 week high of $109.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The stock has a fifty day moving average of $101.30 and a 200-day moving average of $91.96.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The firm’s revenue was up 33.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Louisiana-Pacific will post 5.12 earnings per share for the current fiscal year.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the transaction, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction 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 owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,900 shares of company stock valued at $3,368,774 in the last 90 days. 1.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Large investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC bought a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $25,000. Whittier Trust Co. purchased a new stake in shares of Louisiana-Pacific in the first quarter valued at about $31,000. Bessemer Group Inc. lifted its position in shares of 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 in the 3rd quarter worth about $38,000. Finally, GAMMA Investing LLC increased its stake in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after buying an additional 177 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

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.