Loop Capital Cuts Louisiana-Pacific (NYSE:LPX) Price Target to $110.00

Louisiana-Pacific (NYSE:LPX - Free Report) had its price objective trimmed by Loop Capital from $117.00 to $110.00 in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a hold rating on the building manufacturing company's stock.

LPX has been the topic of a number of other reports. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a research note on Thursday, February 20th. DA Davidson cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. The Goldman Sachs Group boosted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $111.50.

Remove Ads

Louisiana-Pacific Trading Down 0.4 %

NYSE:LPX traded down $0.44 during mid-day trading on Monday, hitting $99.58. 944,144 shares of the company's stock were exchanged, compared to its average volume of 689,520. 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 fifty-two week low of $71.39 and a fifty-two week high of $122.87. The company has a 50 day simple moving average of $109.65 and a 200-day simple moving average of $106.67. The firm has a market capitalization of $6.94 billion, a P/E ratio of 16.94, a PEG ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to analysts' expectations of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm's revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 earnings per share. As a group, research analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.28 dividend. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 27th. Louisiana-Pacific's dividend payout ratio is currently 19.05%.

Insider Buying and Selling

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the transaction, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.26% of the stock is owned by company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

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