BMO Capital Markets Issues Positive Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX - Free Report) had its price target upped by BMO Capital Markets from $99.00 to $103.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a market perform rating on the building manufacturing company's stock.

Other equities research analysts have also recently issued research reports about the company. Truist Financial boosted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. TD Securities boosted their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research note on Wednesday, November 6th. StockNews.com cut Louisiana-Pacific from a "buy" rating to a "hold" rating in a research note on Sunday. The Goldman Sachs Group boosted 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, Royal Bank of Canada upped their target price on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $102.22.

Louisiana-Pacific Stock Up 0.4 %

NYSE:LPX traded up $0.46 on Tuesday, hitting $112.78. 701,738 shares of the company's stock traded hands, compared to its average volume of 843,781. The company has a current ratio of 2.92, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 1 year low of $57.72 and a 1 year high of $114.26. The firm has a 50-day moving average price of $103.08 and a 200-day moving average price of $94.15. The company has a market cap of $7.92 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 2.74 and a beta of 1.88.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific's dividend payout ratio (DPR) is 17.93%.

Insider Transactions at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO William Bradley Southern sold 32,600 shares of the firm's stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company's stock, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm's stock in a transaction dated 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 directly owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in Louisiana-Pacific by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company's stock valued at $18,045,000 after buying an additional 7,367 shares during the last quarter. Diversified Trust Co bought a new position in Louisiana-Pacific in the second quarter valued at approximately $590,000. Ensign Peak Advisors Inc grew its stake in Louisiana-Pacific by 57.6% in the second quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company's stock valued at $2,917,000 after purchasing an additional 12,950 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Louisiana-Pacific by 16.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company's stock valued at $3,914,000 after purchasing an additional 6,533 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Louisiana-Pacific in the first quarter valued at approximately $827,000. Institutional investors and hedge funds 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.