Louisiana-Pacific (NYSE:LPX) Hits New 1-Year High at $108.58

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $108.58 and last traded at $108.27, with a volume of 22796 shares changing hands. The stock had previously closed at $107.46.

Analysts Set New Price Targets

Several research analysts have commented on the stock. The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a report on Thursday, August 8th. Truist Financial restated a "buy" rating and issued a $105.00 price objective (up from $101.00) on shares of Louisiana-Pacific in a report on Thursday, August 8th. Royal Bank of Canada upped their target price on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an "outperform" rating in a report on Thursday, August 8th. Bank of America increased their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 12th. Finally, StockNews.com lowered Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific has a consensus rating of "Hold" and an average target price of $92.67.

Louisiana-Pacific Stock Up 0.8 %

The company has a market cap of $7.77 billion, a P/E ratio of 29.81, a P/E/G ratio of 4.95 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. The company's 50-day moving average is $97.18 and its two-hundred day moving average is $88.40.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm had revenue of $814.00 million during the quarter, compared to analysts' expectations of $797.26 million. During the same quarter in the previous year, the business earned $0.55 earnings per share. The company's revenue was up 33.2% on a year-over-year basis. As a group, equities analysts predict that Louisiana-Pacific Co. will post 5.04 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific's dividend payout ratio is currently 28.57%.

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. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO William Bradley Southern sold 32,600 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value 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. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock worth $3,368,774 over the last three months. 1.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Louisiana-Pacific by 1.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company's stock valued at $1,237,000 after purchasing an additional 167 shares during the period. GAMMA Investing LLC grew its stake in shares of Louisiana-Pacific by 57.3% during the 2nd 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 during the period. CWM LLC increased its holdings in Louisiana-Pacific by 9.0% in the 2nd quarter. CWM LLC now owns 2,279 shares of the building manufacturing company's stock worth $188,000 after acquiring an additional 188 shares in the last quarter. Retirement Systems of Alabama raised its stake in Louisiana-Pacific by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company's stock worth $6,763,000 after acquiring an additional 220 shares during the period. Finally, Investment House LLC lifted its holdings in Louisiana-Pacific by 5.5% during the second quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company's stock valued at $393,000 after purchasing an additional 250 shares in the last quarter. 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.