Louisiana-Pacific (NYSE:LPX) Price Target Raised to $115.00

Louisiana-Pacific (NYSE:LPX) had its price objective increased by Royal Bank of Canada from $114.00 to $115.00 in a research report sent to investors on Wednesday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the building manufacturing company’s stock.

Several other research analysts have also issued reports on LPX. Truist Financial cut their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. TD Securities reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Loop Capital raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price target on the stock in a research note on Wednesday. DA Davidson reduced their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. Finally, BMO Capital Markets boosted their price objective on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific has a consensus rating of “Hold” and a consensus price target of $107.38.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $90.66 on Wednesday. The company has a market cap of $6.32 billion, a P/E ratio of 15.42, a PEG ratio of 1.24 and a beta of 1.94. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The business has a 50-day moving average price of $88.99 and a two-hundred day moving average price of $102.67. Louisiana-Pacific has a 1-year low of $78.82 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. The business had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. As a group, analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th will be given a dividend of $0.28 per share. The ex-dividend date is Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. Louisiana-Pacific’s payout ratio is 19.65%.

Hedge Funds Weigh In On Louisiana-Pacific

Several large investors have recently bought and sold shares of the stock. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific during the fourth quarter worth about $35,000. Harbor Capital Advisors Inc. grew its position in Louisiana-Pacific by 65.0% in the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock worth $61,000 after purchasing an additional 232 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after buying an additional 259 shares during the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of Louisiana-Pacific by 41.5% during the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock worth $96,000 after buying an additional 305 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

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.