Louisiana-Pacific (NYSE:LPX) had its price target upped by equities research analysts at TD Securities from $31.00 to $34.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “hold” rating on the building manufacturing company’s stock. TD Securities’ target price suggests a potential upside of 0.80% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Bank of America raised Louisiana-Pacific from a “buy” rating to a “neutral” rating in a report on Thursday, January 2nd. Royal Bank of Canada raised their target price on Louisiana-Pacific to $35.00 and gave the stock a “top pick” rating in a report on Wednesday, November 6th. ValuEngine cut Louisiana-Pacific from a “hold” rating to a “sell” rating in a report on Friday, February 7th. Stephens cut Louisiana-Pacific from an “overweight” rating to an “equal weight” rating and set a $32.00 price target on the stock. in a report on Tuesday, January 21st. Finally, TheStreet cut Louisiana-Pacific from a “b” rating to a “c+” rating in a report on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Louisiana-Pacific has an average rating of “Hold” and a consensus price target of $31.25.

Shares of Louisiana-Pacific stock opened at $33.73 on Wednesday. Louisiana-Pacific has a one year low of $21.82 and a one year high of $34.18. The stock’s fifty day moving average is $31.06 and its 200 day moving average is $27.56. The stock has a market cap of $3.98 billion, a P/E ratio of 70.27 and a beta of 1.44. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.32 and a current ratio of 3.52.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Tuesday, February 11th. The building manufacturing company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by ($0.05). Louisiana-Pacific had a return on equity of 4.93% and a net margin of 2.67%. The company had revenue of $537.00 million during the quarter, compared to the consensus estimate of $561.45 million. During the same period in the prior year, the business posted $0.19 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 8.8% compared to the same quarter last year. Analysts predict that Louisiana-Pacific will post 0.42 EPS for the current year.

In other Louisiana-Pacific news, CEO William Bradley Southern purchased 3,745 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average cost of $29.36 per share, with a total value of $109,953.20. Following the completion of the acquisition, the chief executive officer now directly owns 252,431 shares in the company, valued at $7,411,374.16. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Gary Cook sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $29.95, for a total value of $299,500.00. Following the sale, the director now directly owns 44,462 shares in the company, valued at $1,331,636.90. The disclosure for this sale can be found here. 0.40% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings in shares of Louisiana-Pacific by 40.1% in the third quarter. Russell Investments Group Ltd. now owns 464,072 shares of the building manufacturing company’s stock worth $11,410,000 after purchasing an additional 132,782 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Louisiana-Pacific by 715.9% in the third quarter. Millennium Management LLC now owns 4,322,397 shares of the building manufacturing company’s stock worth $106,244,000 after purchasing an additional 3,792,636 shares during the last quarter. Brasada Capital Management LP bought a new stake in shares of Louisiana-Pacific in the third quarter worth about $184,000. Owl Creek Asset Management L.P. increased its holdings in shares of Louisiana-Pacific by 2.5% in the third quarter. Owl Creek Asset Management L.P. now owns 2,090,040 shares of the building manufacturing company’s stock worth $51,373,000 after purchasing an additional 51,700 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Louisiana-Pacific by 89.1% in the third quarter. Parametric Portfolio Associates LLC now owns 416,067 shares of the building manufacturing company’s stock worth $10,227,000 after purchasing an additional 196,094 shares during the last quarter. 96.61% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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