Louisiana-Pacific (NYSE:LPX) Price Target Lowered to $114.00 at DA Davidson

Louisiana-Pacific (NYSE:LPX) had its price target dropped by analysts at DA Davidson from $117.00 to $114.00 in a research report issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the building manufacturing company’s stock. DA Davidson’s price target would indicate a potential upside of 41.17% from the stock’s previous close.

LPX has been the subject of several other research reports. TD Securities lowered their price target on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 29th. Barclays boosted their target price on shares of Louisiana-Pacific from $100.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, January 15th. Truist Financial raised their price target on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a report on Tuesday, January 6th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $104.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.83.

Louisiana-Pacific Stock Down 0.6%

Shares of NYSE:LPX traded down $0.53 during trading on Monday, reaching $80.76. 661,632 shares of the company traded hands, compared to its average volume of 1,220,559. The firm has a fifty day simple moving average of $88.00 and a 200 day simple moving average of $88.36. The company has a quick ratio of 1.53, a current ratio of 2.78 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 $103.25. The firm has a market cap of $5.64 billion, a P/E ratio of 38.64 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.09. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The business had revenue of $567.00 million during the quarter, compared to analyst estimates of $589.96 million. During the same period last year, the company earned $1.03 earnings per share. Louisiana-Pacific’s quarterly revenue was down 16.7% compared to the same quarter last year. Analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO William Bradley Southern sold 14,166 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $89.29, for a total transaction of $1,264,882.14. Following the completion of the transaction, the chief executive officer owned 461,719 shares of the company’s stock, valued at approximately $41,226,889.51. The trade was a 2.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 155,842 shares of company stock valued at $13,912,978 over the last 90 days. Company insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Eminence Capital LP lifted its holdings in shares of Louisiana-Pacific by 29.9% during the fourth quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock worth $326,927,000 after buying an additional 932,177 shares during the last quarter. 59 North Capital Management LP increased its position in Louisiana-Pacific by 26.3% during the fourth quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company’s stock worth $285,639,000 after acquiring an additional 737,406 shares during the period. State Street Corp increased its position in Louisiana-Pacific by 1.3% during the fourth quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company’s stock worth $175,355,000 after acquiring an additional 27,710 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Louisiana-Pacific by 23.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company’s stock valued at $139,218,000 after purchasing an additional 332,794 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Louisiana-Pacific by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,624,489 shares of the building manufacturing company’s stock valued at $131,202,000 after purchasing an additional 74,636 shares during the period. 94.73% of the stock is owned by institutional investors.

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.