Louisiana-Pacific (LPX) Scheduled to Post Earnings on Wednesday

Louisiana-Pacific (NYSE:LPXGet Free Report) will be releasing its 12/31/2023 earnings data before the market opens on Wednesday, February 14th. Analysts expect Louisiana-Pacific to post earnings of $0.49 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $70.93 on Tuesday. The business’s 50-day moving average price is $67.81 and its 200 day moving average price is $62.21. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $79.56. The company has a market capitalization of $5.11 billion, a PE ratio of 46.36 and a beta of 1.83. The company has a current ratio of 2.80, a quick ratio of 1.38 and a debt-to-equity ratio of 0.23.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 3,313 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $67.00, for a total transaction of $221,971.00. Following the transaction, the director now directly owns 28,495 shares in the company, valued at $1,909,165. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 3,313 shares of Louisiana-Pacific stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $67.00, for a total transaction of $221,971.00. Following the sale, the director now directly owns 28,495 shares of the company’s stock, valued at $1,909,165. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Michael W. Blosser sold 4,060 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $67.00, for a total value of $272,020.00. Following the sale, the senior vice president now owns 49,858 shares in the company, valued at $3,340,486. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several hedge funds and other institutional investors have recently modified their holdings of LPX. Zions Bancorporation N.A. acquired a new stake in Louisiana-Pacific during the first quarter worth approximately $25,000. Atlas Capital Advisors LLC acquired a new stake in shares of Louisiana-Pacific in the second quarter valued at approximately $42,000. State of Wyoming acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at approximately $49,000. Rockefeller Capital Management L.P. raised its position in Louisiana-Pacific by 125.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 880 shares of the building manufacturing company’s stock valued at $50,000 after purchasing an additional 490 shares in the last quarter. Finally, Covestor Ltd raised its position in Louisiana-Pacific by 35.2% during the first quarter. Covestor Ltd now owns 1,720 shares of the building manufacturing company’s stock valued at $107,000 after purchasing an additional 448 shares in the last quarter. Institutional investors and hedge funds own 91.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. Truist Financial increased their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. TD Securities downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating and increased their target price for the stock from $71.00 to $75.00 in a report on Thursday, January 11th. TD Cowen reaffirmed a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a report on Thursday, January 11th. StockNews.com raised Louisiana-Pacific from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Finally, Royal Bank of Canada raised their target price on Louisiana-Pacific from $72.00 to $80.00 and gave the company an “outperform” rating in a research report on Tuesday, December 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $73.14.

Check Out Our Latest Stock Report on Louisiana-Pacific

Louisiana-Pacific Company Profile

(Get Free Report)

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, and South America. 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.

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Earnings History for Louisiana-Pacific (NYSE:LPX)

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