Brokerages Set Louisiana-Pacific Co. (NYSE:LPX) Price Target at $87.11

Shares of Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) have been given an average recommendation of "Hold" by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $87.11.

LPX has been the topic of several recent analyst reports. TheStreet lowered shares of Louisiana-Pacific from a "b-" rating to a "c+" rating in a report on Thursday, February 29th. Loop Capital started coverage on shares of Louisiana-Pacific in a report on Friday, May 3rd. They issued a "hold" rating and a $82.00 price target on the stock. Seaport Res Ptn lowered shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating in a report on Thursday, May 9th. DA Davidson raised their price target on shares of Louisiana-Pacific from $98.00 to $110.00 and gave the company a "buy" rating in a report on Friday, June 14th. Finally, The Goldman Sachs Group lowered shares of Louisiana-Pacific from a "neutral" rating to a "sell" rating and cut their price target for the company from $89.00 to $81.00 in a report on Monday, June 17th.

Louisiana-Pacific Price Performance

NYSE LPX traded down $0.72 during trading hours on Friday, reaching $85.91. The company's stock had a trading volume of 1,379,143 shares, compared to its average volume of 929,312. The stock has a market cap of $6.16 billion, a PE ratio of 23.60, a PEG ratio of 11.25 and a beta of 1.92. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $95.70. The company's 50-day moving average is $84.51 and its two-hundred day moving average is $76.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 3.32.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.40. The company had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The firm's quarterly revenue was up 24.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. Analysts forecast that Louisiana-Pacific will post 5.79 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.21%. Louisiana-Pacific's dividend payout ratio is currently 28.57%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 3,591 shares of Louisiana-Pacific stock in a transaction on Monday, June 17th. The shares were sold at an average price of $89.18, for a total value of $320,245.38. Following the completion of the sale, the director now owns 23,501 shares in the company, valued at $2,095,819.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.26% of the company's stock.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in LPX. LifeSteps Financial Inc. bought a new stake in Louisiana-Pacific during the first quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new position in shares of Louisiana-Pacific during the first quarter valued at $25,000. Whittier Trust Co. acquired a new position in shares of Louisiana-Pacific during the first quarter valued at $31,000. Bessemer Group Inc. lifted its holdings in Louisiana-Pacific by 258.5% in the first 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. Finally, Signaturefd LLC lifted its holdings in Louisiana-Pacific by 232.9% in the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company's stock worth $56,000 after purchasing an additional 552 shares during the period. 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.