Louisiana-Pacific (NYSE:LPX) Upgraded to “Buy” by StockNews.com

Louisiana-Pacific (NYSE:LPX) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Thursday.

Several other equities analysts have also issued reports on the company. Truist Financial reiterated a “buy” rating and issued a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a research note on Thursday, August 8th. DA Davidson boosted their price objective on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, June 14th. TD Securities increased their target price on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Thursday, May 9th. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a report on Thursday, August 8th. Finally, BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific presently has a consensus rating of “Hold” and an average target price of $94.88.

Louisiana-Pacific Stock Down 0.9 %

Shares of NYSE LPX traded down $0.88 during midday trading on Thursday, reaching $93.30. 248,057 shares of the company’s stock traded hands, compared to its average volume of 887,346. The company has a market cap of $6.69 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 0.62 and a beta of 1.89. Louisiana-Pacific has a one year low of $49.47 and a one year high of $101.89. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The stock’s 50 day simple moving average is $91.62 and its 200-day simple moving average is $84.96.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million for the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.55 EPS. On average, analysts predict that Louisiana-Pacific will post 5.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,591 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the sale, the director now owns 23,501 shares in the company, valued at approximately $2,095,819.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $89.18, for a total transaction of $320,245.38. Following the completion of the transaction, the director now owns 23,501 shares of the company’s stock, valued at $2,095,819.18. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The disclosure for this sale can be found here. Insiders sold 36,991 shares of company stock worth $3,443,269 in the last 90 days. Insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several hedge funds and other institutional investors have recently bought and sold shares of LPX. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after acquiring an additional 167 shares during the period. GAMMA Investing LLC raised its holdings in Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock worth $40,000 after purchasing an additional 177 shares during the period. CWM LLC boosted its position in Louisiana-Pacific by 9.0% during the second quarter. CWM LLC now owns 2,279 shares of the building manufacturing company’s stock worth $188,000 after purchasing an additional 188 shares in the last quarter. Retirement Systems of Alabama boosted its position in Louisiana-Pacific by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock worth $6,763,000 after purchasing an additional 220 shares in the last quarter. Finally, Investment House LLC grew its holdings in Louisiana-Pacific by 5.5% in the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock valued at $393,000 after purchasing an additional 250 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

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.