DA Davidson Reiterates Buy Rating for Louisiana-Pacific (NYSE:LPX)

Key Points

• DA Davidson reiterated a Buy rating on Louisiana‑Pacific with a $114 price target, implying about a 65.41% upside from the current price.
• Analyst sentiment is mixed overall — seven Buys, two Holds and two Sells — leaving an average rating of "Hold" and an average target of $101.57.
• Shares trade around $68.92 near their one‑year low after the company posted a quarterly EPS beat ($0.03 vs. -$0.06) but revenue fell 16.7% year‑over‑year; additionally, the CEO sold 14,166 shares recently.

Louisiana-Pacific (NYSE:LPX - Get Free Report)'s stock had its "buy" rating restated by stock analysts at DA Davidson in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $114.00 price objective on the building manufacturing company's stock. DA Davidson's target price would suggest a potential upside of 65.41% from the company's current price.

Other analysts have also issued research reports about the stock. Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a report on Thursday, March 5th. Royal Bank Of Canada reissued an "outperform" rating and issued a $104.00 price target on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Weiss Ratings cut shares of Louisiana-Pacific from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, April 21st. Barclays cut their price target on shares of Louisiana-Pacific from $104.00 to $90.00 and set an "overweight" rating for the company in a research note on Wednesday, April 8th. Finally, Oppenheimer reissued an "outperform" rating on shares of Louisiana-Pacific in a research note on Tuesday, March 3rd. Seven equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $101.57.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $0.09 during midday trading on Tuesday, hitting $68.92. The company's stock had a trading volume of 915,023 shares, compared to its average volume of 1,103,333. The stock has a fifty day moving average price of $75.75 and a 200 day moving average price of $82.39. Louisiana-Pacific has a one year low of $68.63 and a one year high of $102.86. The company has a current ratio of 2.78, a quick ratio of 1.53 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 33.17, a P/E/G ratio of 1.09 and a beta of 1.60.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share 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 analyst estimates of $589.96 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. Louisiana-Pacific's 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. On average, research analysts forecast that Louisiana-Pacific will post 2.7 EPS for the current fiscal year.

Insider Activity

In other news, CEO William Bradley Southern sold 14,166 shares of the company's stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $89.29, for a total value of $1,264,882.14. Following the completion of the sale, the chief executive officer owned 461,719 shares of the company's stock, valued at approximately $41,226,889.51. This represents a 2.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lizanne M. Bruce sold 1,300 shares of the business's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $78.59, for a total transaction of $102,167.00. Following the completion of the sale, the director directly owned 17,160 shares of the company's stock, 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. 0.65% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. North Ridge Wealth Advisors Inc. bought a new position in shares of Louisiana-Pacific during the second quarter valued at about $26,000. Los Angeles Capital Management LLC bought a new position in shares of Louisiana-Pacific during the fourth quarter valued at about $29,000. Root Financial Partners LLC grew its stake in shares of Louisiana-Pacific by 177.6% during the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company's stock valued at $32,000 after buying an additional 277 shares during the last quarter. Whittier Trust Co. grew its stake in shares of Louisiana-Pacific by 138.1% during the first quarter. Whittier Trust Co. now owns 500 shares of the building manufacturing company's stock valued at $36,000 after buying an additional 290 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company's stock valued at $44,000 after buying an additional 127 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Company Profile

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.

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