Louisiana-Pacific (NYSE:LPX) Rating Increased to Buy at StockNews.com

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

A number of other brokerages have also issued reports on LPX. Bank of America boosted 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. Royal Bank of Canada raised 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. The Goldman Sachs Group raised their price objective on Louisiana-Pacific from $78.00 to $86.00 and gave the company a "sell" rating in a report on Thursday, August 8th. BMO Capital Markets downgraded shares of Louisiana-Pacific from an "outperform" rating to a "market perform" rating and set a $99.00 price target for the company. in a research report on Thursday, August 8th. Finally, Truist Financial boosted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific currently has an average rating of "Hold" and a consensus price target of $93.56.

Louisiana-Pacific Stock Up 1.6 %

Shares of Louisiana-Pacific stock traded up $1.59 during trading hours on Friday, hitting $100.49. The company had a trading volume of 837,354 shares, compared to its average volume of 686,975. The company's 50-day moving average is $101.36 and its two-hundred day moving average is $92.14. Louisiana-Pacific has a twelve month low of $55.06 and a twelve month high of $109.73. The company has a market cap of $7.06 billion, a P/E ratio of 16.34, a price-to-earnings-growth ratio of 4.53 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.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.23. The company had revenue of $814.00 million for the quarter, compared to analysts' expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm's revenue for the quarter was up 33.2% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. Analysts anticipate that Louisiana-Pacific will post 5.12 earnings per share for the current fiscal year.

Insider Activity at Louisiana-Pacific

In related 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 value of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company's stock, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the transaction, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now directly owns 21,005 shares of the company's stock, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock worth $3,368,774 in the last three months. Company insiders own 1.26% of the company's stock.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently modified their holdings of the company. William Blair Investment Management LLC acquired a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $91,053,000. Marshall Wace LLP boosted its stake in Louisiana-Pacific by 92.4% in the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company's stock valued at $103,363,000 after buying an additional 602,803 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Louisiana-Pacific by 188.3% in the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company's stock worth $36,834,000 after purchasing an additional 292,200 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Louisiana-Pacific by 768.5% in the second quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company's stock worth $22,257,000 after purchasing an additional 239,212 shares in the last quarter. Finally, Natixis bought a new stake in shares of Louisiana-Pacific during the first quarter worth $16,371,000. Hedge funds and other 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.