Louisiana-Pacific (NYSE:LPX) Price Target Raised to $98.00

Louisiana-Pacific (NYSE:LPX - Free Report) had its price target boosted by DA Davidson from $90.00 to $98.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the building manufacturing company's stock.

Several other research firms also recently commented on LPX. TheStreet downgraded Louisiana-Pacific from a b- rating to a c+ rating in a report on Thursday, February 29th. Loop Capital initiated coverage on shares of Louisiana-Pacific in a research note on Friday, May 3rd. They set a hold rating and a $82.00 price objective for the company. TD Cowen reiterated a hold rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research note on Thursday, January 11th. BMO Capital Markets raised their price target on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an outperform rating in a research report on Thursday. Finally, Royal Bank of Canada upped their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the company an outperform rating in a research report on Thursday. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and an average price target of $83.89.

Louisiana-Pacific Stock Down 1.3 %

Louisiana-Pacific stock traded down $1.18 on Thursday, hitting $86.96. 2,509,718 shares of the stock traded hands, compared to its average volume of 931,555. The business's fifty day simple moving average is $77.67 and its 200 day simple moving average is $69.39. The firm has a market cap of $6.29 billion, a P/E ratio of 35.49 and a beta of 1.87. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $88.40.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.13 by $0.40. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. Louisiana-Pacific's quarterly revenue was up 24.0% on a year-over-year basis. As a group, sell-side analysts forecast that Louisiana-Pacific will post 4.89 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.20%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 42.45%.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the transaction, the director now directly owns 25,995 shares of the company's stock, valued at $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.53% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of hedge funds have recently modified their holdings of the business. LifeSteps Financial Inc. purchased a new position in shares of Louisiana-Pacific during the 1st quarter valued at about $25,000. Fidelis Capital Partners LLC bought a new position in Louisiana-Pacific in the 1st quarter worth $25,000. Whittier Trust Co. purchased a new stake in Louisiana-Pacific in the 1st quarter worth $31,000. Larson Financial Group LLC bought a new stake in Louisiana-Pacific during the third quarter valued at about $37,000. Finally, Signaturefd LLC lifted its position in shares of Louisiana-Pacific by 232.9% in the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company's stock valued at $56,000 after acquiring an additional 552 shares in the last quarter. Institutional investors 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.