Brokerages Set Louisiana-Pacific Corporation (NYSE:LPX) PT at $106.63

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $106.63.

LPX has been the subject of several recent research reports. DA Davidson reduced their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th. Royal Bank Of Canada increased their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial decreased their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a research note on Tuesday, April 22nd. Finally, Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price target on the stock in a research report on Wednesday, May 7th.

Louisiana-Pacific Price Performance

Shares of LPX stock traded down $0.88 on Thursday, reaching $91.70. 578,214 shares of the company were exchanged, compared to its average volume of 696,545. Louisiana-Pacific has a 1 year low of $78.82 and a 1 year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. The business has a 50-day moving average price of $90.14 and a 200 day moving average price of $96.87. The company has a market cap of $6.38 billion, a price-to-earnings ratio of 16.09, a P/E/G ratio of 1.41 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The company had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. Louisiana-Pacific's quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 EPS. Equities research analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.22%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific's payout ratio is presently 19.65%.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 1,179 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the sale, the director directly owned 18,838 shares of the company's stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.42% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. UMB Bank n.a. lifted its holdings in shares of Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after acquiring an additional 242 shares during the last quarter. Fifth Third Bancorp lifted its stake in Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock worth $96,000 after purchasing an additional 305 shares in the last quarter. GeoWealth Management LLC lifted its stake in Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock worth $97,000 after purchasing an additional 865 shares in the last quarter. Covestor Ltd boosted its position in shares of Louisiana-Pacific by 142.6% during the fourth quarter. Covestor Ltd now owns 1,043 shares of the building manufacturing company's stock worth $108,000 after buying an additional 613 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Louisiana-Pacific by 67.2% in the first quarter. First Horizon Advisors Inc. now owns 1,204 shares of the building manufacturing company's stock valued at $111,000 after buying an additional 484 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

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.