Louisiana-Pacific (NYSE:LPX) Coverage Initiated by Analysts at Loop Capital

Equities researchers at Loop Capital assumed coverage on shares of Louisiana-Pacific (NYSE:LPX - Get Free Report) in a research note issued to investors on Friday, Marketbeat reports. The firm set a "hold" rating and a $82.00 price target on the building manufacturing company's stock. Loop Capital's price target indicates a potential upside of 10.35% from the company's current price.

Several other research firms have also commented on LPX. TheStreet lowered Louisiana-Pacific from a "b-" rating to a "c+" rating in a research report on Thursday, February 29th. Royal Bank of Canada boosted their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Truist Financial raised their price objective on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, January 4th. TD Securities upped their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the stock a "hold" rating in a research note on Thursday, February 15th. Finally, DA Davidson reissued a "buy" rating and issued a $76.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $74.75.

Louisiana-Pacific Trading Up 0.6 %

Shares of NYSE:LPX traded up $0.46 during midday trading on Friday, reaching $74.31. 703,563 shares of the company's stock were exchanged, compared to its average volume of 870,965. The stock has a market cap of $5.37 billion, a price-to-earnings ratio of 30.33 and a beta of 1.87. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $84.54. The firm's 50 day simple moving average is $77.05 and its two-hundred day simple moving average is $68.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The business had revenue of $658.00 million during the quarter, compared to analysts' expectations of $618.60 million. During the same period last year, the business earned $0.61 earnings per share. The business's revenue for the quarter was down 6.7% on a year-over-year basis. As a group, sell-side analysts forecast that Louisiana-Pacific will post 4.89 EPS for the current fiscal year.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the sale, the director now directly owns 25,995 shares in the company, valued at $2,016,692.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.26% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LPX. LifeSteps Financial Inc. acquired a new stake in Louisiana-Pacific during the 1st quarter worth $25,000. Fidelis Capital Partners LLC purchased a new position in shares of Louisiana-Pacific during the first quarter worth about $25,000. Whittier Trust Co. acquired a new stake in shares of Louisiana-Pacific during the first quarter worth about $31,000. Larson Financial Group LLC purchased a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at about $37,000. Finally, Signaturefd LLC boosted its position in shares of Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company's stock valued at $56,000 after purchasing an additional 552 shares during the period. 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.