Louisiana-Pacific (NYSE:LPX) Given New $113.00 Price Target at Truist Financial

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its price target increased by stock analysts at Truist Financial from $105.00 to $113.00 in a research note issued to investors on Tuesday, Benzinga reports. The firm presently has a "buy" rating on the building manufacturing company's stock. Truist Financial's price objective suggests a potential upside of 9.23% from the company's current price.

Other equities analysts also recently issued reports about the company. 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 research report on Thursday, August 8th. Bank of America increased their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research report on Thursday, September 12th. Royal Bank of Canada increased their price target on Louisiana-Pacific from $101.00 to $112.00 and gave the stock an "outperform" rating in a research report on Thursday, August 8th. StockNews.com downgraded Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Friday, September 13th. Finally, The Goldman Sachs Group increased their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a research report on Thursday, August 8th. Two equities research 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's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $93.56.

Louisiana-Pacific Stock Down 0.4 %

Shares of LPX stock traded down $0.44 during trading hours on Tuesday, reaching $103.45. 1,465,090 shares of the company's stock were exchanged, compared to its average volume of 858,665. The stock's 50 day moving average is $99.37 and its 200-day moving average is $90.17. The company has a market cap of $7.42 billion, a price-to-earnings ratio of 28.54, a P/E/G ratio of 4.96 and a beta of 1.88. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $109.73.

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

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm's 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 completion of the sale, the director now owns 21,005 shares in the company, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, August 21st. The shares were 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 of the company's stock, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock worth $3,368,774 in the last 90 days. Insiders own 1.26% of the company's stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wedge Capital Management L L P NC purchased a new position in Louisiana-Pacific in the 3rd quarter valued at approximately $8,076,000. Ritholtz Wealth Management purchased a new position in Louisiana-Pacific in the 3rd quarter valued at approximately $481,000. Gateway Investment Advisers LLC boosted its position in Louisiana-Pacific by 4.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company's stock valued at $280,000 after buying an additional 99 shares during the period. Strong Tower Advisory Services boosted its position in Louisiana-Pacific by 9.0% in the 3rd quarter. Strong Tower Advisory Services now owns 59,092 shares of the building manufacturing company's stock valued at $6,350,000 after buying an additional 4,884 shares during the period. Finally, Wedmont Private Capital purchased a new position in Louisiana-Pacific in the 3rd quarter valued at approximately $208,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

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.