Louisiana-Pacific (NYSE:LPX) Stock Gets Price Target Reduction from Barclays

Louisiana-Pacific (NYSE:LPX) had its price objective dropped by Barclays from $88.00 to $86.00 in a research note issued on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the building manufacturing company’s stock. Barclays‘s price objective points to a potential upside of 9.81% from the stock’s current price.

Several other research firms have also recently issued reports on LPX. Royal Bank Of Canada raised their target price on Louisiana-Pacific from $84.00 to $85.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Research upgraded Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. DA Davidson reissued a “buy” rating and set a $99.00 price objective on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd. TD boosted their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings raised shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Eleven research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $88.50.

Louisiana-Pacific Trading Up 6.1%

Shares of Louisiana-Pacific stock traded up $4.53 during mid-day trading on Wednesday, hitting $78.31. The stock had a trading volume of 1,198,875 shares, compared to its average volume of 1,160,095. The firm has a 50-day moving average of $68.54 and a two-hundred day moving average of $75.25. Louisiana-Pacific has a 12-month low of $62.18 and a 12-month high of $100.34. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.48 billion, a P/E ratio of 99.18, a price-to-earnings-growth ratio of 5.88 and a beta of 1.67.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.18. The business had revenue of $690.00 million during the quarter, compared to the consensus estimate of $671.27 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.36 EPS. Sell-side analysts forecast that Louisiana-Pacific will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc lifted its holdings in Louisiana-Pacific by 27.3% during the 2nd quarter. Versant Capital Management Inc now owns 630 shares of the building manufacturing company’s stock worth $50,000 after buying an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in Louisiana-Pacific by 26.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company’s stock worth $50,000 after purchasing an additional 143 shares during the period. Valeo Financial Advisors LLC raised its position in Louisiana-Pacific by 1.6% in the 2nd quarter. Valeo Financial Advisors LLC now owns 9,225 shares of the building manufacturing company’s stock valued at $726,000 after purchasing an additional 147 shares in the last quarter. HB Wealth Management LLC raised its holdings in Louisiana-Pacific by 4.2% in the second quarter. HB Wealth Management LLC now owns 4,106 shares of the building manufacturing company’s stock valued at $323,000 after acquiring an additional 164 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Louisiana-Pacific by 27.6% in the third quarter. Signaturefd LLC now owns 805 shares of the building manufacturing company’s stock worth $52,000 after acquiring an additional 174 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Key Headlines Impacting Louisiana-Pacific

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: Louisiana-Pacific reported Q3 adjusted earnings of $0.39 per share, topping the $0.21 consensus, and revenue of $690 million versus expectations of $671.27 million. Revenue grew 4.2% year over year, and siding sales reached a record $473 million—results that helped lift investor sentiment. Louisiana-Pacific Shares Rise as Q3 Earnings Beat and Siding Sales Reach Record
• Positive Sentiment: Royal Bank of Canada raised its price target to $85 from $84 and reiterated an “outperform” rating, signaling continued analyst confidence. Royal Bank of Canada recommendations
• Negative Sentiment: Truist lowered its price target to $84 from $89, though it maintained its “buy” rating. The reduced target tempers the upbeat view from the earnings beat and RBC’s increase. Truist trims Louisiana-Pacific price target, keeps buy rating

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.