Louisiana-Pacific (NYSE:LPX) Price Target Cut to $117.00 by Analysts at TD Securities

Louisiana-Pacific (NYSE:LPX - Free Report) had its price objective trimmed by TD Securities from $123.00 to $117.00 in a report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the building manufacturing company's stock.

Several other research analysts have also weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a "sell" rating in a report on Wednesday, November 6th. BMO Capital Markets increased their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday. StockNews.com lowered shares of Louisiana-Pacific from a "buy" rating to a "hold" rating in a report on Sunday, November 10th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a report on Thursday. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of "Hold" and a consensus price target of $108.00.

Louisiana-Pacific Price Performance

NYSE LPX traded down $2.11 during trading hours on Thursday, reaching $98.78. The company's stock had a trading volume of 995,005 shares, compared to its average volume of 647,669. The stock has a market cap of $6.88 billion, a PE ratio of 16.80, a PEG ratio of 1.24 and a beta of 1.95. Louisiana-Pacific has a fifty-two week low of $67.47 and a fifty-two week high of $122.87. The company's 50-day moving average is $110.24 and its two-hundred day moving average is $106.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.24. The company had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm's quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.71 EPS. Analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be given a $0.28 dividend. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 annualized dividend and a yield of 1.13%. Louisiana-Pacific's dividend payout ratio (DPR) is 17.69%.

Insider Buying and Selling 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, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares of the company's stock, valued at approximately $2,101,225.50. This trade represents a 11.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is owned by corporate insiders.

Institutional Trading of Louisiana-Pacific

A number of hedge funds have recently made changes to their positions in LPX. UMB Bank n.a. lifted its stake in Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Louisiana-Pacific during the fourth quarter worth $35,000. Versant Capital Management Inc lifted its stake in Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock worth $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in Louisiana-Pacific during the third quarter worth $38,000. Finally, Covestor Ltd lifted its stake in Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock worth $46,000 after purchasing an additional 163 shares during the last quarter. Institutional investors and hedge funds 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.