Louisiana-Pacific (NYSE:LPX) Price Target Lowered to $112.00 at Truist Financial

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its target price lowered by analysts at Truist Financial from $126.00 to $112.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a "buy" rating on the building manufacturing company's stock. Truist Financial's target price points to a potential upside of 29.35% from the company's previous close.

Other analysts have also recently issued reports about the stock. TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. DA Davidson lowered their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research note on Thursday, February 20th. BMO Capital Markets upped their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a research note on Thursday, February 20th. Finally, Loop Capital dropped their target price on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating on the stock in a report on Monday, February 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $108.63.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX traded down $0.44 during mid-day trading on Tuesday, hitting $86.59. The stock had a trading volume of 257,510 shares, compared to its average volume of 735,264. The firm has a market cap of $6.03 billion, a PE ratio of 14.73, a PEG ratio of 1.24 and a beta of 1.86. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company has a 50 day moving average of $91.19 and a two-hundred day moving average of $103.73. Louisiana-Pacific has a twelve month low of $72.06 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period in the prior year, the company earned $0.71 earnings per share. The company's revenue was up 3.5% on a year-over-year basis. Research analysts predict that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. UMB Bank n.a. raised its position in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after acquiring an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Louisiana-Pacific during the 4th quarter worth about $35,000. Versant Capital Management Inc raised its position in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after buying an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after buying an additional 259 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

About Louisiana-Pacific

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.