Louisiana-Pacific Corporation (NYSE:LPX) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $106.5714.

LPX has been the topic of several analyst reports. Oppenheimer initiated coverage on Louisiana-Pacific in a research report on Thursday, February 5th. They set an “outperform” rating on the stock. Barclays boosted their price objective on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. DA Davidson restated a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a report on Wednesday, January 28th. Royal Bank Of Canada cut their price target on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th.

Insider Buying and Selling at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 21,252 shares of the firm’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $88.19, for a total transaction of $1,874,213.88. Following the completion of the sale, the chief executive officer directly owned 460,883 shares of the company’s stock, valued at approximately $40,645,271.77. This trade represents a 4.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 141,676 shares of company stock valued at $12,648,096 in the last quarter. Corporate insiders own 1.42% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the business. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific during the second quarter worth $26,000. Los Angeles Capital Management LLC purchased a new position in Louisiana-Pacific in the 4th quarter worth about $29,000. Mid American Wealth Advisory Group Inc. bought a new stake in Louisiana-Pacific during the 2nd quarter valued at about $34,000. Versant Capital Management Inc boosted its position in Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares during the period. Finally, Larson Financial Group LLC grew its stake in Louisiana-Pacific by 291.2% in the 3rd quarter. Larson Financial Group LLC now owns 536 shares of the building manufacturing company’s stock worth $48,000 after acquiring an additional 399 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 3.2%

Shares of NYSE LPX opened at $93.93 on Friday. Louisiana-Pacific has a 1-year low of $73.42 and a 1-year high of $114.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.93 and a quick ratio of 1.72. The business’s 50 day moving average is $87.70 and its two-hundred day moving average is $88.54. The stock has a market capitalization of $6.54 billion, a P/E ratio of 30.40 and a beta of 1.81.

About Louisiana-Pacific

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.