StockNews.com Downgrades Louisiana-Pacific (NYSE:LPX) to Hold

Louisiana-Pacific (NYSE:LPX - Get Free Report) was downgraded by StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Sunday.

Several other brokerages have also issued reports on LPX. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research note on Wednesday. DA Davidson lifted their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday. Truist Financial upped their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. TD Securities raised their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the company a "hold" rating in a research report on Wednesday. Finally, BMO Capital Markets downgraded Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 target price on the stock. in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $101.78.

Louisiana-Pacific Trading Up 2.6 %

Shares of LPX traded up $2.81 during trading hours on Friday, reaching $111.63. 778,122 shares of the company traded hands, compared to its average volume of 779,595. Louisiana-Pacific has a 12 month low of $57.13 and a 12 month high of $113.04. The company has a quick ratio of 1.95, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The company's fifty day moving average price is $102.40 and its two-hundred day moving average price is $93.62. The company has a market capitalization of $7.84 billion, a price-to-earnings ratio of 19.25, a price-to-earnings-growth ratio of 4.79 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. The business had revenue of $814.00 million for the quarter, compared to analysts' expectations of $797.26 million. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%. The business's revenue was up 33.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.55 EPS. Equities research analysts predict that Louisiana-Pacific will post 5.29 earnings per share for the current fiscal year.

Insider Transactions at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO William Bradley Southern sold 32,600 shares of the company's stock in a transaction on 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 completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This 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 can be accessed through the SEC website. 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 completion of the transaction, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. 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

Several hedge funds and other institutional investors have recently made changes to their positions in LPX. Bessemer Group Inc. raised its holdings in Louisiana-Pacific by 258.5% in the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock worth $37,000 after purchasing an additional 318 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific in the third quarter worth about $38,000. GAMMA Investing LLC raised its stake in shares of Louisiana-Pacific by 57.3% in the second quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock worth $40,000 after buying an additional 177 shares during the period. V Square Quantitative Management LLC purchased a new position in shares of Louisiana-Pacific during the 3rd quarter valued at about $43,000. Finally, Covestor Ltd grew its stake 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 acquiring an additional 163 shares during the period. 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.