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

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) has received a consensus rating of "Hold" from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $108.38.

A number of research analysts recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. BMO Capital Markets upped their price target on Louisiana-Pacific from $99.00 to $103.00 and gave the stock a "market perform" rating in a research note on Tuesday, November 12th. StockNews.com cut Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday, November 10th. Finally, TD Securities increased their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a "hold" rating in a research note on Wednesday, November 6th.

Louisiana-Pacific Stock Down 0.3 %

Louisiana-Pacific stock traded down $0.30 on Monday, hitting $117.73. 518,776 shares of the stock traded hands, compared to its average volume of 600,132. Louisiana-Pacific has a 1 year low of $65.53 and a 1 year high of $122.87. The firm has a market cap of $8.27 billion, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.41 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 business's fifty day simple moving average is $111.94 and its 200 day simple moving average is $105.29.

Insider Activity at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was 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 owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently modified their holdings of LPX. UMB Bank n.a. increased its position in 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 acquiring an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific during the 4th quarter valued at about $35,000. Versant Capital Management Inc increased its position 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 valued at $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Louisiana-Pacific in the 3rd quarter worth approximately $38,000. Finally, V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific in the third quarter worth approximately $43,000. 94.73% of the stock is owned by 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.