BMO Capital Markets Raises Louisiana-Pacific (NYSE:LPX) Price Target to $103.00

Louisiana-Pacific (NYSE:LPX) had its price target boosted by stock analysts at BMO Capital Markets from $99.00 to $103.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “market perform” rating on the building manufacturing company’s stock. BMO Capital Markets’ target price would suggest a potential downside of 8.41% from the stock’s previous close.

Several other equities research analysts have also weighed in on the company. Bank of America upped their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday. DA Davidson boosted their target price 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. Truist Financial upped their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, TD Securities raised their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $102.22.

Louisiana-Pacific Price Performance

Shares of LPX traded up $0.14 during midday trading on Tuesday, reaching $112.46. The stock had a trading volume of 105,344 shares, compared to its average volume of 841,005. The company has a market capitalization of $7.90 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.74 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.95. The firm’s 50 day moving average price is $102.71 and its 200-day moving average price is $93.88. Louisiana-Pacific has a 52 week low of $57.72 and a 52 week high of $114.26.

Insider Activity

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now directly owns 21,005 shares of the company’s stock, valued at $2,064,791.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC boosted its position in shares of Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock worth $255,000 after purchasing an additional 97 shares in the last quarter. Gateway Investment Advisers LLC raised its position in Louisiana-Pacific by 4.0% during the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock worth $280,000 after acquiring an additional 99 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Louisiana-Pacific by 23.3% in 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 during the last quarter. Covestor Ltd boosted its stake in shares of Louisiana-Pacific by 61.0% during the 3rd quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after acquiring an additional 163 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Louisiana-Pacific by 1.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock valued at $1,237,000 after purchasing an additional 167 shares during the period. 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.