BMO Capital Markets Boosts Louisiana-Pacific (NYSE:LPX) Price Target to $103.00

Louisiana-Pacific (NYSE:LPX) had its price objective hoisted by BMO Capital Markets from $99.00 to $103.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a market perform rating on the building manufacturing company’s stock.

Several other equities research analysts have also recently issued reports on LPX. Bank of America raised their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday. Truist Financial increased their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. DA Davidson boosted their price target on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and a consensus target price of $102.22.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock opened at $112.78 on Tuesday. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The company has a 50-day moving average price of $103.08 and a 200 day moving average price of $94.15. Louisiana-Pacific has a 12-month low of $57.72 and a 12-month high of $114.26. The stock has a market cap of $7.92 billion, a P/E ratio of 19.44, a PEG ratio of 2.71 and a beta of 1.88.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.92%. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. William Blair Investment Management LLC acquired a new stake in shares of Louisiana-Pacific in the 2nd quarter worth $91,053,000. Pacer Advisors Inc. increased its position in Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after purchasing an additional 1,096,804 shares during the period. Marshall Wace LLP raised its stake in shares of Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after buying an additional 602,803 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Louisiana-Pacific by 188.3% in the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after buying an additional 292,200 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Louisiana-Pacific by 768.5% in the second quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock valued at $22,257,000 after buying an additional 239,212 shares in the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

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.