DA Davidson Cuts Louisiana-Pacific (NYSE:LPX) Price Target to $123.00

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its price objective decreased by DA Davidson from $125.00 to $123.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the building manufacturing company's stock. DA Davidson's price objective suggests a potential upside of 24.52% from the stock's previous close. DA Davidson also issued estimates for Louisiana-Pacific's Q1 2025 earnings at $1.13 EPS.

Several other research firms also recently weighed in on LPX. TD Securities boosted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th. BMO Capital Markets boosted their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the company a "market perform" rating in a research note on Thursday. 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 increased 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. Finally, Truist Financial lifted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a "buy" rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $108.00.

Louisiana-Pacific Price Performance

Shares of LPX traded down $2.11 during midday trading on Thursday, reaching $98.78. The stock had a trading volume of 995,005 shares, compared to its average volume of 671,279. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.23 and a beta of 1.95. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 12-month low of $67.47 and a 12-month high of $122.87. The company's 50-day moving average is $110.24 and its 200 day moving average is $106.49.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. Louisiana-Pacific's revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 earnings per share. On average, equities analysts predict that Louisiana-Pacific will post 5.37 EPS for the current fiscal year.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.26% of the company's stock.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC grew its holdings in Louisiana-Pacific by 4.8% in the third quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company's stock worth $1,165,000 after purchasing an additional 493 shares during the period. International Assets Investment Management LLC boosted its position in shares of Louisiana-Pacific by 10,646.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company's stock worth $7,483,000 after purchasing an additional 68,986 shares in the last quarter. Riverwater Partners LLC grew its stake in shares of Louisiana-Pacific by 2.6% in the 3rd quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company's stock worth $1,082,000 after buying an additional 252 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in Louisiana-Pacific during the 3rd quarter valued at approximately $256,000. Finally, Impact Partnership Wealth LLC purchased a new position in Louisiana-Pacific during the third quarter valued at $213,000. 94.73% of the stock is 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.