Louisiana-Pacific Co. (NYSE:LPX) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten analysts that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $104.67.

LPX has been the subject of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. DA Davidson upped their price objective on Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. BMO Capital Markets raised their target price on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a report on Tuesday, November 12th. The Goldman Sachs Group upped 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. Finally, StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th.

Insider Buying and Selling

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction that occurred on 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 transaction, the director now directly owns 18,513 shares of the company's stock, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business's stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the sale, the director now directly owns 28,638 shares in the company, 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 currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in LPX. Versant Capital Management Inc boosted its stake in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after buying an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Louisiana-Pacific during the third quarter valued at approximately $38,000. V Square Quantitative Management LLC acquired a new position in Louisiana-Pacific during the third quarter valued at approximately $43,000. Covestor Ltd grew its stake in Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after purchasing an additional 163 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company's stock worth $50,000 after purchasing an additional 201 shares during the last quarter. Institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 0.5 %

Shares of NYSE LPX traded down $0.54 during mid-day trading on Thursday, hitting $106.82. The company's stock had a trading volume of 522,962 shares, compared to its average volume of 705,392. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. The stock has a market cap of $7.50 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 2.72 and a beta of 1.94. The company's fifty day simple moving average is $110.73 and its 200-day simple moving average is $101.08. Louisiana-Pacific has a one year low of $63.76 and a one year high of $122.87.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 17.93%.

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.