Louisiana-Pacific (NYSE:LPX) Given New $98.00 Price Target at DA Davidson

Louisiana-Pacific (NYSE:LPX) had its price objective hoisted by equities research analysts at DA Davidson from $90.00 to $98.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has a “buy” rating on the building manufacturing company’s stock. DA Davidson’s price objective would indicate a potential upside of 12.68% from the stock’s previous close.

Several other equities research analysts have also weighed in on LPX. TD Cowen reissued a “hold” rating and issued a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. TheStreet lowered shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a report on Thursday, February 29th. TD Securities increased their target price on Louisiana-Pacific from $87.00 to $90.00 and gave the company a “hold” rating in a research note on Thursday. Loop Capital assumed coverage on Louisiana-Pacific in a report on Friday, May 3rd. They issued a “hold” rating and a $82.00 price objective for the company. Finally, BMO Capital Markets upped their target price on Louisiana-Pacific from $83.00 to $99.00 and gave the stock an “outperform” rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $83.89.

Louisiana-Pacific Trading Down 1.3 %

LPX stock traded down $1.17 during mid-day trading on Thursday, reaching $86.97. The company’s stock had a trading volume of 2,492,530 shares, compared to its average volume of 926,999. The company has a market cap of $6.29 billion, a price-to-earnings ratio of 35.10 and a beta of 1.87. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $88.40. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $77.41 and its 200 day moving average price is $69.26.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.40. The business had revenue of $724.00 million during the quarter, compared to the consensus estimate of $686.84 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. Louisiana-Pacific’s revenue was up 24.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.34 EPS. On average, equities research analysts predict that Louisiana-Pacific will post 4.89 EPS for the current year.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.53% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in LPX. LifeSteps Financial Inc. bought a new stake in Louisiana-Pacific during the 1st quarter valued at approximately $25,000. Fidelis Capital Partners LLC purchased a new position in shares of Louisiana-Pacific in the first quarter worth $25,000. Whittier Trust Co. bought a new position in shares of Louisiana-Pacific during the first quarter worth $31,000. Larson Financial Group LLC purchased a new position in Louisiana-Pacific during the third quarter valued at $37,000. Finally, Signaturefd LLC increased its holdings in Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after acquiring an additional 552 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors.

About Louisiana-Pacific

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.