Louisiana-Pacific (NYSE:LPX) Price Target Cut to $91.00 by Analysts at TD Securities

Louisiana-Pacific (NYSE:LPX) had its price target lowered by TD Securities from $97.00 to $91.00 in a research report report published on Thursday,BayStreet.CA reports. TD Securities currently has a hold rating on the building manufacturing company’s stock.

Several other analysts have also recently weighed in on the stock. Truist Financial dropped their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research note on Friday, July 11th. Royal Bank Of Canada lowered their target price on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday. Weiss Ratings reiterated a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. DA Davidson reissued a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Finally, Wall Street Zen cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $106.33.

Louisiana-Pacific Stock Performance

LPX traded up $1.29 during trading on Thursday, hitting $78.51. The stock had a trading volume of 1,233,782 shares, compared to its average volume of 769,304. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. The company has a 50 day moving average price of $90.42 and a 200-day moving average price of $90.75. Louisiana-Pacific has a one year low of $76.25 and a one year high of $122.87. The firm has a market cap of $5.47 billion, a price-to-earnings ratio of 18.52 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The firm had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.22 EPS. As a group, research analysts predict that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 14th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio is currently 26.42%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the transaction, the director owned 29,728 shares in the company, valued at $3,002,528. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.42% of the stock is owned by company insiders.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Chung Wu Investment Group LLC bought a new position in shares of Louisiana-Pacific in the 2nd quarter valued at $26,000. North Ridge Wealth Advisors Inc. acquired a new position in Louisiana-Pacific in the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. acquired a new position in Louisiana-Pacific in the 2nd quarter worth about $34,000. RMG Wealth Management LLC bought a new position in Louisiana-Pacific in the second quarter valued at about $44,000. Finally, Versant Capital Management Inc boosted its stake in shares of Louisiana-Pacific by 34.3% during the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after purchasing an additional 127 shares in the last quarter. 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.