Truist Financial Cuts Louisiana-Pacific (NYSE:LPX) Price Target to $112.00

Louisiana-Pacific (NYSE:LPX - Get Free Report) had its price objective decreased by equities research analysts at Truist Financial from $126.00 to $112.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the building manufacturing company's stock. Truist Financial's target price points to a potential upside of 29.35% from the company's current price.

Several other brokerages have also recently issued reports on LPX. TD Securities dropped their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada restated an "outperform" rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Loop Capital reduced their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research report on Monday, February 24th. BMO Capital Markets raised their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Finally, DA Davidson cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company's stock. According to MarketBeat, Louisiana-Pacific presently has an average rating of "Hold" and an average target price of $108.63.

Louisiana-Pacific Stock Down 0.5 %

Shares of LPX traded down $0.44 during trading hours on Tuesday, hitting $86.59. The company had a trading volume of 257,510 shares, compared to its average volume of 735,264. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.24 and a beta of 1.86. The firm has a fifty day moving average price of $91.19 and a 200-day moving average price of $103.73. Louisiana-Pacific has a 52-week low of $72.06 and a 52-week high of $122.87. 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 issued its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the prior year, the firm posted $0.71 earnings per share. The business's revenue was up 3.5% on a year-over-year basis. On average, equities research analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors have recently bought and sold shares of the stock. Miracle Mile Advisors LLC grew its holdings in shares of Louisiana-Pacific by 269.7% in the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company's stock valued at $4,318,000 after purchasing an additional 30,418 shares in the last quarter. Truist Financial Corp grew its stake in shares of Louisiana-Pacific by 47.3% in the 4th quarter. Truist Financial Corp now owns 9,751 shares of the building manufacturing company's stock worth $1,010,000 after buying an additional 3,129 shares in the last quarter. Symphony Financial Ltd. Co. bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth about $259,000. Victory Capital Management Inc. raised its position in shares of Louisiana-Pacific by 23.8% during the 4th quarter. Victory Capital Management Inc. now owns 167,439 shares of the building manufacturing company's stock valued at $17,338,000 after buying an additional 32,210 shares in the last quarter. Finally, New York Life Investment Management LLC bought a new position in shares of Louisiana-Pacific in the 4th quarter valued at about $699,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

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.