Louisiana-Pacific (NYSE:LPX) Given “Buy” Rating at Truist Financial

Truist Financial restated their buy rating on shares of Louisiana-Pacific (NYSE:LPX) in a report released on Wednesday,Benzinga reports. The firm currently has a $84.00 price objective on the building manufacturing company’s stock, down from their previous price objective of $89.00.

LPX has been the subject of a number of other reports. The Goldman Sachs Group lowered their price target on shares of Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating for the company in a research report on Monday, October 12th. DA Davidson restated a “buy” rating and issued a $99.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. TD upped their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Barclays decreased their target price on shares of Louisiana-Pacific from $92.00 to $88.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $90.00 target price on shares of Louisiana-Pacific in a report on Wednesday. Eleven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.50.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $78.83 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $5.51 billion, a P/E ratio of 80.44, a P/E/G ratio of 5.74 and a beta of 1.67. The business has a fifty day simple moving average of $68.67 and a two-hundred day simple moving average of $75.18. Louisiana-Pacific has a 12 month low of $62.18 and a 12 month high of $100.34.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Tuesday, November 3rd. The building manufacturing company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.18. The firm had revenue of $690.00 million for the quarter, compared to analysts’ expectations of $671.27 million. Louisiana-Pacific had a net margin of 2.72% and a return on equity of 4.84%. The company’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. On average, equities analysts forecast that Louisiana-Pacific will post 1.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of Louisiana-Pacific during the second quarter valued at $506,638,000. Berkshire Hathaway Inc purchased a new position in shares of Louisiana-Pacific during the second quarter valued at $445,593,000. Dimensional Fund Advisors LP increased its stake in shares of Louisiana-Pacific by 0.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock valued at $119,279,000 after buying an additional 15,232 shares during the period. Maple Rock Capital Partners Inc. raised its holdings in shares of Louisiana-Pacific by 36.8% in the second quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock valued at $119,709,000 after acquiring an additional 409,300 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in shares of Louisiana-Pacific in the second quarter valued at about $43,845,000. Institutional investors own 94.73% of the company’s stock.

Trending Headlines about Louisiana-Pacific

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

• Positive Sentiment: Louisiana-Pacific reported Q3 earnings of $0.39 per share, well above the $0.21 consensus estimate, and revenue of $690 million, ahead of the $671.3 million expected and up 4.2% year over year. Record siding sales of $473 million provided another encouraging data point. The earnings beat is the primary positive catalyst for LPX shares. Louisiana-Pacific beats Q3 earnings and revenue estimates
• Positive Sentiment: Royal Bank of Canada raised its price target from $84 to $85 and reiterated an “outperform” rating, signaling continued confidence in the shares. RBC stock recommendations
• Negative Sentiment: Barclays cut its target from $88 to $86, and Truist lowered its target from $89 to $84. Both firms maintained positive ratings—“overweight” and “buy,” respectively—but the reductions temper the outlook and suggest more measured expectations. Truist trims its Louisiana-Pacific price target

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.