Louisiana-Pacific (NYSE:LPX) Given New $125.00 Price Target at DA Davidson

Louisiana-Pacific (NYSE:LPX) had its target price upped by DA Davidson from $110.00 to $125.00 in a report issued on Wednesday morning, Benzinga reports. DA Davidson currently has a buy rating on the building manufacturing company’s stock. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2024 earnings at $0.67 EPS and FY2024 earnings at $5.53 EPS.

LPX has been the topic of a number of other reports. TD Securities raised their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note on Wednesday. Bank of America lifted their target price on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. BMO Capital Markets downgraded Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 target price on the stock. in a research report on Thursday, August 8th. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Finally, Truist Financial lifted their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and a consensus price target of $101.78.

Louisiana-Pacific Stock Performance

Shares of LPX stock traded up $0.58 on Wednesday, reaching $108.72. The stock had a trading volume of 44,989 shares, compared to its average volume of 844,501. The stock has a market cap of $7.64 billion, a P/E ratio of 17.58, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. Louisiana-Pacific has a 1 year low of $57.13 and a 1 year high of $113.04. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.95 and a current ratio of 3.38. The company has a 50 day simple moving average of $101.89 and a 200 day simple moving average of $92.98.

Louisiana-Pacific (NYSE:LPX) 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 analysts’ consensus estimates of $1.86 by $0.23. The firm had revenue of $814.00 million for the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same period last year, the business posted $0.55 EPS. Equities research analysts expect that Louisiana-Pacific will post 5.12 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. Louisiana-Pacific’s payout ratio is 16.91%.

Insider Transactions at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now directly owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The trade was 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 hyperlink. In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was 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 hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of Louisiana-Pacific stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,900 shares of company stock valued at $3,368,774. 1.53% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently made changes to their positions in LPX. William Blair Investment Management LLC bought a new stake in Louisiana-Pacific during the second quarter worth approximately $91,053,000. Marshall Wace LLP increased its stake in Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after acquiring an additional 602,803 shares during the last quarter. Renaissance Technologies LLC increased its stake in Louisiana-Pacific by 188.3% during the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after acquiring an additional 292,200 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Louisiana-Pacific by 768.5% during 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 acquiring an additional 239,212 shares during the last quarter. Finally, Natixis bought a new stake in Louisiana-Pacific during the first quarter worth approximately $16,371,000. 94.73% of the stock is owned by 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.