Louisiana-Pacific (NYSE:LPX) Given New $86.00 Price Target at The Goldman Sachs Group

Louisiana-Pacific (NYSE:LPX) had its price target lifted by The Goldman Sachs Group from $78.00 to $86.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a sell rating on the building manufacturing company’s stock.

Several other equities research analysts also recently commented on LPX. DA Davidson upped their target price on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a buy rating in a research note on Friday, June 14th. Seaport Res Ptn lowered Louisiana-Pacific from a buy rating to a neutral rating in a report on Thursday, May 9th. Royal Bank of Canada lifted their price objective on Louisiana-Pacific from $88.00 to $105.00 and gave the company an outperform rating in a report on Thursday, May 9th. Truist Financial reissued a buy rating and set a $105.00 target price (up from $101.00) on shares of Louisiana-Pacific in a research note on Thursday. Finally, StockNews.com cut shares of Louisiana-Pacific from a buy rating to a hold rating in a report on Thursday, July 11th. One investment analyst has 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. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $94.88.

Louisiana-Pacific Trading Down 0.4 %

Shares of NYSE LPX traded down $0.43 during mid-day trading on Thursday, hitting $95.37. The company’s stock had a trading volume of 631,628 shares, compared to its average volume of 936,760. The company’s fifty day simple moving average is $89.31 and its 200-day simple moving average is $81.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.32 and a quick ratio of 1.75. Louisiana-Pacific has a one year low of $49.47 and a one year high of $101.89. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 26.20, a price-to-earnings-growth ratio of 13.92 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million for the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The firm’s revenue was up 33.2% on a year-over-year basis. During the same period last year, the company earned $0.55 EPS. On average, sell-side analysts anticipate that Louisiana-Pacific will post 5.23 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th will be issued a $0.26 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.09%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Insider Transactions at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the transaction, the director now owns 29,008 shares of the company’s stock, valued at $2,787,668.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the sale, the director now owns 29,008 shares in the company, valued at $2,787,668.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Lizanne C. Gottung sold 3,591 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $89.18, for a total value 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 disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its stake in 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 purchasing an additional 292,200 shares during the last quarter. WINTON GROUP Ltd lifted its position in shares of Louisiana-Pacific by 49.6% in the second quarter. WINTON GROUP Ltd now owns 10,735 shares of the building manufacturing company’s stock valued at $884,000 after buying an additional 3,561 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in shares of Louisiana-Pacific by 16.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 19,845 shares of the building manufacturing company’s stock worth $1,634,000 after acquiring an additional 2,805 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Louisiana-Pacific during the 2nd quarter worth approximately $91,053,000. Finally, Thoroughbred Financial Services LLC bought a new stake in Louisiana-Pacific in the 2nd quarter valued at $230,000. 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.