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

Louisiana-Pacific (NYSE:LPX) had its price objective reduced by stock analysts at DA Davidson from $125.00 to $123.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the building manufacturing company’s stock. DA Davidson’s price target suggests a potential upside of 20.88% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. TD Securities boosted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group boosted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a report on Thursday. Royal Bank of Canada reiterated an “outperform” rating and set a $125.00 price objective on shares of Louisiana-Pacific in a report on Thursday. Finally, Truist Financial boosted their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $108.75.

Louisiana-Pacific Price Performance

Shares of LPX traded up $0.26 during trading hours on Thursday, hitting $101.76. 461,322 shares of the company were exchanged, compared to its average volume of 635,176. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 17.51, a P/E/G ratio of 1.37 and a beta of 1.95. The firm’s fifty day moving average is $110.81 and its 200 day moving average is $106.48. Louisiana-Pacific has a fifty-two week low of $66.77 and a fifty-two week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The firm had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The business’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities analysts anticipate that Louisiana-Pacific will post 5.64 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.26% of the stock is currently owned by corporate insiders.

Institutional Trading of Louisiana-Pacific

A number of large investors have recently bought and sold shares of the company. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 98.8% during the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of Louisiana-Pacific by 158.5% in the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after purchasing an additional 214 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at approximately $38,000. Finally, Covestor Ltd boosted 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 worth $46,000 after buying an additional 163 shares during the period. 94.73% of the stock is 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.