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

Louisiana-Pacific (NYSE:LPX) had its target price decreased by Barclays from $104.00 to $90.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the building manufacturing company’s stock. Barclays‘s target price would suggest a potential upside of 18.40% from the stock’s current price.

A number of other brokerages have also issued reports on LPX. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Friday, March 27th. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Oppenheimer reissued an “outperform” rating on shares of Louisiana-Pacific in a research report on Tuesday, March 3rd. Truist Financial boosted their target price on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $104.00 price target on shares of Louisiana-Pacific in a research report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Moderate Buy” and an average target price of $102.83.

Louisiana-Pacific Trading Up 1.0%

Shares of LPX opened at $76.01 on Wednesday. Louisiana-Pacific has a fifty-two week low of $69.34 and a fifty-two week high of $102.86. The company has a market capitalization of $5.31 billion, a PE ratio of 36.37, a price-to-earnings-growth ratio of 1.13 and a beta of 1.78. The stock has a fifty day moving average of $81.02 and a two-hundred day moving average of $83.93. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. The business had revenue of $567.00 million for the quarter, compared to analysts’ expectations of $589.96 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The business’s revenue was down 16.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.03 earnings per share. As a group, analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current year.

Insider Activity

In related news, Director Lizanne M. Bruce sold 1,300 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the sale, the director directly owned 17,160 shares of the company’s stock, valued at approximately $1,348,604.40. This trade represents a 7.04% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director F Nicholas Grasberger III purchased 20,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were purchased at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the purchase, the director directly owned 38,954 shares in the company, valued at $3,330,177.46. This trade represents a 105.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders sold 113,310 shares of company stock worth $10,235,781. 0.65% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LPX. Eminence Capital LP boosted its holdings in Louisiana-Pacific by 72.3% in the second quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock valued at $248,291,000 after purchasing an additional 1,211,495 shares during the last quarter. Boston Partners acquired a new position in shares of Louisiana-Pacific in the 3rd quarter valued at approximately $100,770,000. Capital Research Global Investors raised its position in shares of Louisiana-Pacific by 306.2% in the 4th quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock valued at $102,848,000 after purchasing an additional 960,000 shares in the last quarter. Norges Bank purchased a new position in shares of Louisiana-Pacific during the 4th quarter valued at approximately $60,184,000. Finally, 59 North Capital Management LP boosted its stake in shares of Louisiana-Pacific by 26.3% during the 4th quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company’s stock valued at $285,639,000 after buying an additional 737,406 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.