Truist Financial Boosts Louisiana-Pacific (NYSE:LPX) Price Target to $135.00

Louisiana-Pacific (NYSE:LPX - Free Report) had its target price boosted by Truist Financial from $117.00 to $135.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a buy rating on the building manufacturing company's stock.

Several other equities analysts have also weighed in on the stock. DA Davidson raised their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, November 6th. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a "sell" rating in a research report on Wednesday, November 6th. Bank of America raised their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an "underperform" rating in a research note on Thursday, September 12th. Finally, StockNews.com lowered Louisiana-Pacific from a "buy" rating to a "hold" rating in a research report on Sunday, November 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $104.67.

Louisiana-Pacific Price Performance

LPX stock traded up $4.34 during trading hours on Monday, hitting $111.23. 1,129,199 shares of the stock traded hands, compared to its average volume of 779,166. The stock has a 50-day simple moving average of $110.38 and a 200 day simple moving average of $100.89. The company has a market cap of $7.81 billion, a P/E ratio of 19.18, a P/E/G ratio of 2.72 and a beta of 1.94. Louisiana-Pacific has a one year low of $63.76 and a one year high of $122.87. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.93%. Louisiana-Pacific's payout ratio is presently 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the sale, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This trade represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.26% of the company's stock.

Institutional Investors Weigh In On Louisiana-Pacific

Several institutional investors have recently made changes to their positions in LPX. CWM LLC raised its position in Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company's stock valued at $255,000 after acquiring an additional 97 shares in the last quarter. Gateway Investment Advisers LLC increased its stake in shares of Louisiana-Pacific by 4.0% during the 3rd quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company's stock worth $280,000 after purchasing an additional 99 shares during the last quarter. Hanseatic Management Services Inc. raised its holdings in shares of Louisiana-Pacific by 23.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company's stock valued at $90,000 after purchasing an additional 158 shares in the last quarter. Covestor Ltd lifted its stake in shares of Louisiana-Pacific by 61.0% in the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company's stock valued at $46,000 after purchasing an additional 163 shares during the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Louisiana-Pacific by 4.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,442 shares of the building manufacturing company's stock valued at $477,000 after purchasing an additional 181 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.