Louisiana-Pacific Co. (NYSE:LPX) Given Average Recommendation of "Hold" by Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) have been assigned an average recommendation of "Hold" from the ten research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $93.56.

A number of research firms have recently commented on LPX. Truist Financial increased their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of 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 upped their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research note on Thursday, September 12th. BMO Capital Markets lowered shares of Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price objective for the company. in a report on Thursday, August 8th. Finally, The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the company a "sell" rating in a research report on Thursday, August 8th.

Insider Transactions at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the firm's 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 sale, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the transaction, the director now directly owns 29,008 shares in the company, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction 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 transaction, 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 three months. Corporate insiders own 1.26% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fidelis Capital Partners LLC bought a new stake in Louisiana-Pacific in the first quarter worth about $25,000. Whittier Trust Co. purchased a new position in shares of Louisiana-Pacific in the 1st quarter worth approximately $31,000. V Square Quantitative Management LLC acquired a new position in shares of Louisiana-Pacific during the third quarter worth $43,000. Bessemer Group Inc. increased its position in Louisiana-Pacific by 258.5% during the 1st quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company's stock valued at $37,000 after buying an additional 318 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Louisiana-Pacific by 57.3% in the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company's stock valued at $40,000 after purchasing an additional 177 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Stock Down 2.7 %

Shares of Louisiana-Pacific stock traded down $2.80 during trading on Friday, hitting $100.77. The company's stock had a trading volume of 407,080 shares, compared to its average volume of 848,267. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $109.73. The company has a market capitalization of $7.08 billion, a PE ratio of 16.39, a P/E/G ratio of 4.63 and a beta of 1.88. The company has a fifty day simple moving average of $100.79 and a two-hundred day simple moving average of $91.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38.

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

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific's payout ratio is 16.91%.

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.