Louisiana-Pacific Co. (NYSE:LPX) Receives Average Rating of "Hold" from Analysts

Shares of Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) have been assigned a consensus recommendation of "Hold" from the ten research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $102.22.

Several brokerages recently issued reports on LPX. Bank of America raised their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a report on Thursday, September 12th. TD Securities raised their target price on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. Truist Financial increased their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research report on Tuesday, October 15th. BMO Capital Markets upped their price target on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a "market perform" rating in a research note on Tuesday, November 12th. Finally, StockNews.com lowered Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th.

Louisiana-Pacific Trading Down 0.0 %

NYSE:LPX traded down $0.01 during trading hours on Wednesday, reaching $111.39. 594,958 shares of the stock were exchanged, compared to its average volume of 837,202. The business has a 50-day moving average of $104.99 and a two-hundred day moving average of $95.52. The company has a market capitalization of $7.82 billion, a price-to-earnings ratio of 19.26, a PEG ratio of 2.70 and a beta of 1.88. Louisiana-Pacific has a twelve month low of $60.00 and a twelve month high of $117.59. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.93%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 17.93%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. This trade represents a 10.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.

Institutional Trading of Louisiana-Pacific

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. lifted its stake in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock valued at $37,000 after buying an additional 318 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Louisiana-Pacific during the 3rd quarter valued at $38,000. GAMMA Investing LLC raised its position in Louisiana-Pacific by 57.3% during the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock valued at $40,000 after acquiring an additional 177 shares in the last quarter. V Square Quantitative Management LLC bought a new stake in Louisiana-Pacific during the third quarter valued at about $43,000. Finally, Covestor Ltd grew its position in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock worth $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.