Louisiana-Pacific (NYSE:LPX) Sets New 1-Year High – What’s Next?

Louisiana-Pacific Co. (NYSE:LPX) hit a new 52-week high on Monday . The company traded as high as $119.16 and last traded at $118.08, with a volume of 12358 shares traded. The stock had previously closed at $115.89.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LPX. BMO Capital Markets boosted their price objective on Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research report on Tuesday, November 12th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. DA Davidson upped 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 boosted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.22.

Louisiana-Pacific Price Performance

The firm has a market capitalization of $8.36 billion, a P/E ratio of 20.51, a PEG ratio of 2.90 and a beta of 1.88. The company has a fifty day moving average of $106.51 and a 200 day moving average of $96.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69.

Louisiana-Pacific Announces Dividend

The company 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. This represents a $1.04 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

Insider Activity at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s 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 transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 10.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the sale, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is owned by company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC bought a new stake in shares of Louisiana-Pacific during the 1st quarter worth $216,000. Bessemer Group Inc. increased its holdings in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock worth $37,000 after acquiring an additional 318 shares during the last quarter. Bayesian Capital Management LP lifted its holdings in Louisiana-Pacific by 22.0% during the first quarter. Bayesian Capital Management LP now owns 5,000 shares of the building manufacturing company’s stock valued at $420,000 after purchasing an additional 900 shares during the last quarter. Tidal Investments LLC purchased a new stake in Louisiana-Pacific during the first quarter valued at about $413,000. Finally, Virtu Financial LLC bought a new position in Louisiana-Pacific during the first quarter worth about $827,000. Institutional investors 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.