Royal Bank Of Canada Lowers Louisiana-Pacific (NYSE:LPX) Price Target to $104.00

Louisiana-Pacific (NYSE:LPX) had its target price reduced by research analysts at Royal Bank Of Canada from $114.00 to $104.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the building manufacturing company’s stock. Royal Bank Of Canada’s price objective indicates a potential upside of 35.09% from the company’s current price.

A number of other research analysts have also recently commented on the stock. Vertical Research started coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They issued a “buy” rating on the stock. DA Davidson restated a “buy” rating and set a $117.00 target price on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Wall Street Zen downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Sunday, August 3rd. Finally, Truist Financial decreased their price target on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a report on Friday, July 11th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Louisiana-Pacific has an average rating of “Moderate Buy” and a consensus price target of $110.67.

Louisiana-Pacific Trading Down 1.5%

Shares of Louisiana-Pacific stock traded down $1.20 during trading on Thursday, hitting $76.99. The stock had a trading volume of 402,301 shares, compared to its average volume of 762,860. The firm’s fifty day simple moving average is $90.79 and its 200-day simple moving average is $90.84. The stock has a market cap of $5.36 billion, a PE ratio of 18.16 and a beta of 1.80. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.84 and a quick ratio of 1.67. Louisiana-Pacific has a 12 month low of $76.37 and a 12 month high of $122.87.

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

Insider Buying and Selling

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares of the company’s stock, valued at approximately $3,002,528. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.42% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State of Michigan Retirement System boosted its position in Louisiana-Pacific by 1.3% during the 3rd quarter. State of Michigan Retirement System now owns 15,058 shares of the building manufacturing company’s stock worth $1,338,000 after acquiring an additional 200 shares during the period. Envestnet Asset Management Inc. grew its holdings in shares of Louisiana-Pacific by 5.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 38,969 shares of the building manufacturing company’s stock worth $3,462,000 after purchasing an additional 1,973 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of Louisiana-Pacific by 120.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 13,114 shares of the building manufacturing company’s stock worth $1,164,000 after purchasing an additional 7,164 shares in the last quarter. State of Wyoming acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at $82,000. Finally, Jones Financial Companies Lllp boosted its stake in Louisiana-Pacific by 56.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,508 shares of the building manufacturing company’s stock valued at $212,000 after buying an additional 903 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

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.