Louisiana-Pacific’s (LPX) “Outperform” Rating Reiterated at Royal Bank of Canada

Louisiana-Pacific (NYSE:LPX)‘s stock had its “outperform” rating reaffirmed by Royal Bank of Canada in a research note issued on Thursday,Benzinga reports. They presently have a $125.00 price target on the building manufacturing company’s stock. Royal Bank of Canada’s price target would suggest a potential upside of 22.71% from the stock’s current price.

A number of other analysts have also commented on LPX. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. The Goldman Sachs Group boosted their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. TD Securities lifted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Truist Financial increased their price objective on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. Finally, BMO Capital Markets lifted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific has an average rating of “Hold” and an average price target of $109.00.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded up $0.37 during trading hours on Thursday, reaching $101.87. 422,979 shares of the stock were exchanged, compared to its average volume of 633,021. Louisiana-Pacific has a twelve month low of $66.77 and a twelve month high of $122.87. The company has a market cap of $7.16 billion, a P/E ratio of 17.62, a price-to-earnings-growth ratio of 1.37 and a beta of 1.95. 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 stock has a 50 day moving average of $110.81 and a two-hundred day moving average of $106.48.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. Equities analysts expect that Louisiana-Pacific will post 5.64 EPS for the current fiscal year.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently modified their holdings of the stock. UMB Bank n.a. increased its stake in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific in the fourth quarter worth $35,000. Versant Capital Management Inc raised its holdings in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after buying an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific during the 3rd quarter valued at $38,000. Finally, Covestor Ltd grew its holdings in Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares during the last quarter. 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.