Truist Financial Has Lowered Expectations for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price objective cut by research analysts at Truist Financial from $111.00 to $108.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the building manufacturing company’s stock. Truist Financial’s target price would suggest a potential upside of 16.29% from the stock’s current price.

LPX has been the topic of a number of other reports. Royal Bank Of Canada boosted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Loop Capital raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research report on Wednesday, May 7th. Finally, DA Davidson dropped their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating on the stock in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $106.13.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $92.87 on Friday. The stock’s 50 day simple moving average is $90.65 and its two-hundred day simple moving average is $96.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. The stock has a market cap of $6.46 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.44 and a beta of 1.84. Louisiana-Pacific has a fifty-two week low of $78.82 and a fifty-two week high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The firm had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $711.66 million. During the same period in the previous year, the firm posted $1.53 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. As a group, analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the business’s stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the sale, the director directly owned 18,838 shares in the company, valued at approximately $1,686,377.76. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC raised its stake in Louisiana-Pacific by 18.6% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company’s stock valued at $12,486,000 after buying an additional 21,462 shares during the last quarter. Putney Financial Group LLC purchased a new stake in shares of Louisiana-Pacific in the 4th quarter worth $389,000. QRG Capital Management Inc. purchased a new stake in shares of Louisiana-Pacific in the 1st quarter worth $1,379,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Louisiana-Pacific in the 1st quarter worth $317,000. Finally, Icon Advisers Inc. Co. purchased a new stake in shares of Louisiana-Pacific in the 4th quarter worth $2,040,000. 94.73% of the stock is currently owned by hedge funds and other 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.