BMO Capital Markets Lowers Louisiana-Pacific (NYSE:LPX) Price Target to $94.00

Key Points

• BMO Capital Markets cut its price target on Louisiana‑Pacific from $98 to $94 and maintained a "market perform" rating, implying roughly a 24.9% upside from the stock's prior close.
• Analysts overall remain moderately positive with a consensus rating of "Moderate Buy" (7 Buys, 3 Holds, 1 Sell) and an average price target of $101.57.
• Louisiana‑Pacific beat EPS expectations (EPS $0.03 vs. -$0.06 est.) but reported revenue down 16.7% year‑over‑year while the stock trades near $75.28; additionally, a director purchased 20,000 shares at $85.49, signaling insider buying interest.

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its price objective decreased by BMO Capital Markets from $98.00 to $94.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has a "market perform" rating on the building manufacturing company's stock. BMO Capital Markets' price objective indicates a potential upside of 24.87% from the stock's previous close.

A number of other analysts have also recently issued reports on LPX. Barclays dropped their price objective on Louisiana-Pacific from $104.00 to $90.00 and set an "overweight" rating on the stock in a report on Wednesday, April 8th. DA Davidson decreased their target price on Louisiana-Pacific from $117.00 to $114.00 and set a "buy" rating on the stock in a research note on Monday, February 23rd. Oppenheimer restated an "outperform" rating on shares of Louisiana-Pacific in a research note on Tuesday, March 3rd. Zacks Research lowered Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 5th. Finally, Truist Financial upped their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the stock a "buy" rating in a research note on Tuesday, January 6th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $101.57.

Louisiana-Pacific Price Performance

LPX traded down $1.69 during trading on Monday, reaching $75.28. 175,164 shares of the company were exchanged, compared to its average volume of 1,028,802. The company's 50-day moving average is $79.15 and its two-hundred day moving average is $83.42. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 36.05, a P/E/G ratio of 1.18 and a beta of 1.78. The company has a quick ratio of 1.53, a current ratio of 2.78 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 12-month low of $69.34 and a 12-month high of $102.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm's quarterly revenue was down 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.03 EPS. Research analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director F Nicholas Grasberger III bought 20,000 shares of the firm's stock in a transaction on Thursday, February 19th. The shares were acquired 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 of the company's stock, valued at $3,330,177.46. The trade was a 105.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne M. Bruce sold 1,300 shares of the company's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total value of $102,167.00. Following the completion of the transaction, the director owned 17,160 shares in the company, valued at $1,348,604.40. This represents a 7.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 43,798 shares of company stock worth $3,844,196 in the last ninety days. 0.65% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors have recently modified their holdings of the company. Versant Capital Management Inc increased its position in shares of Louisiana-Pacific by 34.3% during the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company's stock valued at $44,000 after purchasing an additional 127 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in shares of Louisiana-Pacific by 4.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company's stock valued at $279,000 after purchasing an additional 136 shares during the last quarter. Elo Mutual Pension Insurance Co increased its position in shares of Louisiana-Pacific by 1.5% during the 3rd quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company's stock valued at $1,024,000 after purchasing an additional 166 shares during the last quarter. WINTON GROUP Ltd increased its position in shares of Louisiana-Pacific by 2.7% during the 3rd quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company's stock valued at $611,000 after purchasing an additional 183 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Louisiana-Pacific by 1.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 17,600 shares of the building manufacturing company's stock valued at $1,564,000 after purchasing an additional 200 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.