StockNews.com Upgrades Louisiana-Pacific (NYSE:LPX) to "Buy"

Louisiana-Pacific (NYSE:LPX - Get Free Report) was upgraded by research analysts at StockNews.com from a "hold" rating to a "buy" rating in a report released on Wednesday.

Several other equities analysts have also recently weighed in on LPX. BMO Capital Markets cut shares of Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price objective on the stock. in a research report on Thursday, August 8th. Bank of America lifted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an "underperform" rating in a report on Thursday, September 12th. Truist Financial increased their price objective 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 Louisiana-Pacific from $101.00 to $112.00 and gave the company an "outperform" rating in a research note on Thursday, August 8th. Finally, The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a "sell" rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, Louisiana-Pacific presently has a consensus rating of "Hold" and an average target price of $93.56.

Louisiana-Pacific Price Performance

Shares of NYSE LPX traded up $0.43 during mid-day trading on Wednesday, reaching $100.07. 572,219 shares of the company traded hands, compared to its average volume of 851,176. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $109.73. The firm has a market cap of $7.18 billion, a PE ratio of 27.49, a price-to-earnings-growth ratio of 4.96 and a beta of 1.88. The stock has a fifty day simple moving average of $100.50 and a 200-day simple moving average of $91.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced 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. 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 during the quarter, compared to analyst estimates of $797.26 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The company's revenue was up 33.2% on a year-over-year basis. Equities research analysts anticipate that Louisiana-Pacific will post 5.04 EPS for the current fiscal year.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at $55,773,027.84. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction dated 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 directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the transaction, the chief executive officer now owns 596,886 shares in the company, valued at $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,900 shares of company stock valued at $3,368,774. Insiders own 1.26% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC raised its stake in Louisiana-Pacific by 48,193.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company's stock valued at $13,616,000 after purchasing an additional 161,931 shares during the last quarter. State of Michigan Retirement System grew its position in Louisiana-Pacific by 2.6% during the first quarter. State of Michigan Retirement System now owns 15,758 shares of the building manufacturing company's stock worth $1,322,000 after buying an additional 400 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in Louisiana-Pacific during the first quarter worth about $232,000. Principal Financial Group Inc. increased its stake in Louisiana-Pacific by 2.6% during the first quarter. Principal Financial Group Inc. now owns 241,648 shares of the building manufacturing company's stock valued at $20,277,000 after acquiring an additional 6,023 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Louisiana-Pacific by 43.1% in the 1st quarter. Van ECK Associates Corp now owns 25,418 shares of the building manufacturing company's stock valued at $2,133,000 after acquiring an additional 7,651 shares in the last quarter. 94.73% of the stock is owned by institutional investors.

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.

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