Loop Capital Issues Pessimistic Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price objective decreased by stock analysts at Loop Capital from $117.00 to $110.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the building manufacturing company’s stock. Loop Capital’s price target points to a potential upside of 12.42% from the company’s current price.

LPX has been the topic of a number of other reports. DA Davidson decreased their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday. Truist Financial raised their price target on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. TD Securities decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday. Finally, StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $111.50.

Louisiana-Pacific Stock Performance

Shares of LPX traded down $0.87 during mid-day trading on Monday, reaching $97.85. 106,839 shares of the company’s stock traded hands, compared to its average volume of 654,846. Louisiana-Pacific has a 12 month low of $69.94 and a 12 month high of $122.87. The stock has a market capitalization of $6.82 billion, a P/E ratio of 16.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95. The business’s 50-day moving average price is $110.24 and its 200-day moving average price is $106.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the previous year, the company posted $0.71 earnings per share. Louisiana-Pacific’s revenue for the quarter was up 3.5% compared to the same quarter last year. Equities analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the sale, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds have recently made changes to their positions in the company. Putney Financial Group LLC purchased a new stake in Louisiana-Pacific during the 4th quarter valued at $389,000. Mackenzie Financial Corp lifted its holdings in Louisiana-Pacific by 193.6% during the fourth quarter. Mackenzie Financial Corp now owns 10,201 shares of the building manufacturing company’s stock valued at $1,056,000 after purchasing an additional 6,727 shares in the last quarter. Western Wealth Management LLC purchased a new stake in Louisiana-Pacific in the 4th quarter worth $207,000. Breed s Hill Capital LLC bought a new stake in Louisiana-Pacific during the 4th quarter valued at approximately $207,000. Finally, Woodline Partners LP purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth $19,039,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Company Profile

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.