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

Louisiana-Pacific (NYSE:LPX) had its price target lifted by Truist Financial from $102.00 to $108.00 in a report published on Tuesday morning,Benzinga reports. They currently have a buy rating on the building manufacturing company’s stock.

Several other research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. TD Securities decreased their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, November 6th. Barclays assumed coverage on Louisiana-Pacific in a research note on Monday, December 8th. They set an “overweight” rating and a $100.00 price target on the stock. DA Davidson reiterated a “buy” rating and issued a $117.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, November 20th. Finally, Vertical Research began coverage on Louisiana-Pacific in a report on Monday, October 20th. They set a “buy” rating on the stock. Six research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.43.

Louisiana-Pacific Stock Up 1.5%

LPX opened at $85.16 on Tuesday. Louisiana-Pacific has a 1-year low of $73.42 and a 1-year high of $119.91. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 27.56 and a beta of 1.80. The business has a 50 day moving average of $81.76 and a 200-day moving average of $88.20.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 14.90% and a net margin of 7.69%.The company had revenue of $663.00 million for the quarter, compared to the consensus estimate of $670.26 million. During the same period last year, the firm posted $1.22 EPS. The company’s revenue was down 8.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Stockholders of record on Friday, November 14th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio is currently 36.25%.

Insider Buying and Selling

In related news, CEO William Bradley Southern sold 42,514 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was sold at an average price of $86.25, for a total transaction of $3,666,832.50. Following the completion of the transaction, the chief executive officer owned 559,908 shares in the company, valued at $48,292,065. This trade represents a 7.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen E. Macadam purchased 3,200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the purchase, the director owned 41,149 shares in the company, valued at $3,212,090.94. This represents a 8.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Large investors have recently made changes to their positions in the company. American Century Companies Inc. lifted its position in Louisiana-Pacific by 5.7% during the 2nd quarter. American Century Companies Inc. now owns 555,489 shares of the building manufacturing company’s stock valued at $47,766,000 after purchasing an additional 29,803 shares during the period. Ceredex Value Advisors LLC grew its position in shares of Louisiana-Pacific by 57.2% during the 2nd quarter. Ceredex Value Advisors LLC now owns 124,100 shares of the building manufacturing company’s stock worth $10,671,000 after buying an additional 45,175 shares during the period. Strs Ohio bought a new stake in shares of Louisiana-Pacific during the first quarter worth approximately $1,439,000. Entropy Technologies LP acquired a new position in Louisiana-Pacific in the second quarter valued at approximately $424,000. Finally, Elo Mutual Pension Insurance Co bought a new position in Louisiana-Pacific in the second quarter valued at approximately $977,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.