Truist Financial Issues Positive Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price objective increased by Truist Financial from $117.00 to $135.00 in a report released on Monday morning,Benzinga reports. They currently have a buy rating on the building manufacturing company’s stock.

LPX has been the subject of a number of other reports. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. BMO Capital Markets raised their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday, November 6th. Finally, Bank of America lifted their price target 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, six have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $104.67.

Louisiana-Pacific Trading Up 4.1 %

NYSE LPX opened at $111.23 on Monday. Louisiana-Pacific has a 1 year low of $63.76 and a 1 year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The company has a market capitalization of $7.81 billion, a PE ratio of 19.18, a P/E/G ratio of 2.72 and a beta of 1.94. The company has a fifty day moving average of $110.38 and a 200 day moving average of $100.89.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.93%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Insider Buying and Selling

In other Louisiana-Pacific 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 of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by company insiders.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc increased its stake in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the 3rd quarter worth $38,000. V Square Quantitative Management LLC acquired a new stake in shares of Louisiana-Pacific during the 3rd quarter worth about $43,000. Covestor Ltd raised its holdings in Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after buying an additional 163 shares during the period. Finally, First Horizon Advisors Inc. lifted its position in Louisiana-Pacific by 77.3% in the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after buying an additional 201 shares during the last quarter. Hedge funds and other 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.