Louisiana-Pacific Corporation (NYSE:LPX) Receives $106.57 Average PT from Brokerages

Louisiana-Pacific Corporation (NYSE:LPX) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $106.5714.

A number of equities research analysts have recently issued reports on the stock. DA Davidson reissued a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a research report on Wednesday, January 28th. Barclays raised their price objective on Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, January 15th. Truist Financial upped their target price on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th. Oppenheimer assumed coverage on Louisiana-Pacific in a research report on Thursday, February 5th. They issued an “outperform” rating on the stock. Finally, Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $93.43 on Friday. The firm has a market cap of $6.51 billion, a P/E ratio of 30.24 and a beta of 1.81. The business’s 50 day moving average is $87.88 and its 200-day moving average is $88.54. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 1-year low of $73.42 and a 1-year high of $113.97.

Insider Activity

In other Louisiana-Pacific news, CEO William Bradley Southern sold 21,252 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $88.19, for a total transaction of $1,874,213.88. Following the completion of the sale, the chief executive officer directly owned 460,883 shares in the company, valued at $40,645,271.77. This represents a 4.41% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 141,676 shares of company stock worth $12,648,096. Company insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Eminence Capital LP raised its position in Louisiana-Pacific by 72.3% in the second quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company’s stock valued at $248,291,000 after purchasing an additional 1,211,495 shares during the last quarter. Boston Partners acquired a new stake in Louisiana-Pacific during the 3rd quarter worth approximately $100,770,000. Capital Research Global Investors grew its holdings in Louisiana-Pacific by 306.2% during the 4th quarter. Capital Research Global Investors now owns 1,273,497 shares of the building manufacturing company’s stock worth $102,848,000 after acquiring an additional 960,000 shares during the last quarter. Norges Bank bought a new stake in Louisiana-Pacific during the 2nd quarter worth approximately $72,299,000. Finally, Victory Capital Management Inc. increased its position in Louisiana-Pacific by 674.8% in the 3rd quarter. Victory Capital Management Inc. now owns 698,646 shares of the building manufacturing company’s stock valued at $62,068,000 after acquiring an additional 608,480 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.