TD Securities Issues Pessimistic Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price objective lowered by research analysts at TD Securities from $123.00 to $117.00 in a research report issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the building manufacturing company’s stock. TD Securities’ target price would indicate a potential upside of 14.93% from the stock’s current price.

A number of other research analysts have also recently weighed in on LPX. Royal Bank of Canada reiterated an “outperform” rating and issued a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday. BMO Capital Markets upped their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Finally, Truist Financial upped their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $108.00.

Louisiana-Pacific Price Performance

Louisiana-Pacific stock traded up $0.30 during trading hours on Thursday, reaching $101.80. 763,089 shares of the stock were exchanged, compared to its average volume of 643,421. The company has a market cap of $7.15 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.37 and a beta of 1.95. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $110.81 and a two-hundred day moving average of $106.48. Louisiana-Pacific has a twelve month low of $66.77 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.24. The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. Louisiana-Pacific had a net margin of 14.29% and a return on equity of 24.50%. Louisiana-Pacific’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities analysts expect that Louisiana-Pacific will post 5.64 EPS for the current fiscal year.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific 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 transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC boosted its holdings in shares of Louisiana-Pacific by 4.8% during the 3rd quarter. Private Advisor Group LLC now owns 10,843 shares of the building manufacturing company’s stock valued at $1,165,000 after acquiring an additional 493 shares during the last quarter. International Assets Investment Management LLC increased its stake in Louisiana-Pacific by 10,646.0% in the 3rd quarter. International Assets Investment Management LLC now owns 69,634 shares of the building manufacturing company’s stock worth $7,483,000 after buying an additional 68,986 shares in the last quarter. Riverwater Partners LLC raised its holdings in Louisiana-Pacific by 2.6% during the third quarter. Riverwater Partners LLC now owns 10,025 shares of the building manufacturing company’s stock valued at $1,082,000 after acquiring an additional 252 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Louisiana-Pacific in the third quarter valued at about $256,000. Finally, Impact Partnership Wealth LLC bought a new position in shares of Louisiana-Pacific in the third quarter worth about $213,000. Hedge funds and other institutional investors 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.