Truist Financial Has Lowered Expectations for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price objective cut by equities researchers at Truist Financial from $93.00 to $91.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the building manufacturing company’s stock. Truist Financial’s target price would indicate a potential upside of 20.48% from the stock’s previous close.

Several other equities analysts have also commented on the stock. Jefferies Financial Group began coverage on shares of Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective for the company. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, May 8th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a report on Thursday, May 7th. TD boosted their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday. Finally, Oppenheimer cut their target price on Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Eleven investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $97.80.

Louisiana-Pacific Trading Up 4.6%

Shares of NYSE:LPX opened at $75.53 on Wednesday. The business’s 50-day moving average is $74.49 and its 200 day moving average is $79.10. Louisiana-Pacific has a 1 year low of $66.12 and a 1 year high of $102.86. The firm has a market capitalization of $5.28 billion, a P/E ratio of 64.01, a P/E/G ratio of 1.81 and a beta of 1.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.24. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The company had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. During the same period last year, the business posted $1.27 earnings per share. The firm’s revenue was down 20.7% compared to the same quarter last year. On average, research analysts predict that Louisiana-Pacific will post 2 earnings per share for the current fiscal year.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC acquired a new stake in Louisiana-Pacific during the 1st quarter valued at approximately $25,000. North Ridge Wealth Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the second quarter worth $26,000. Parallel Advisors LLC lifted its position in Louisiana-Pacific by 204.0% during the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares during the period. Los Angeles Capital Management LLC acquired a new position in Louisiana-Pacific during the fourth quarter valued at $29,000. Finally, Root Financial Partners LLC boosted its holdings in Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock valued at $32,000 after purchasing an additional 277 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Louisiana-Pacific

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.