DA Davidson Cuts Louisiana-Pacific (NYSE:LPX) Price Target to $123.00

Louisiana-Pacific (NYSE:LPX) had its price target reduced by DA Davidson from $125.00 to $123.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have a buy rating on the building manufacturing company’s stock. DA Davidson also issued estimates for Louisiana-Pacific’s Q1 2025 earnings at $1.13 EPS.

LPX has been the topic of several other research reports. The Goldman Sachs Group boosted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. TD Securities boosted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. Truist Financial boosted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Finally, BMO Capital Markets boosted their price target on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $108.00.

Louisiana-Pacific Trading Down 2.1 %

Shares of LPX opened at $98.78 on Thursday. Louisiana-Pacific has a 52-week low of $67.47 and a 52-week high of $122.87. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm’s fifty day moving average is $110.24 and its two-hundred day moving average is $106.58. The stock has a market cap of $6.88 billion, a PE ratio of 16.80, a price-to-earnings-growth ratio of 1.24 and a beta of 1.95.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the company posted $0.71 EPS. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. Research analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 27th will be issued a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, February 27th. Louisiana-Pacific’s payout ratio is 17.69%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently bought and sold shares of LPX. Pacer Advisors Inc. increased its stake in Louisiana-Pacific by 11,417.9% during the third quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after purchasing an additional 1,096,804 shares during the period. Alyeska Investment Group L.P. increased its stake in Louisiana-Pacific by 1,736.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock worth $92,299,000 after purchasing an additional 842,809 shares during the period. Norges Bank purchased a new stake in Louisiana-Pacific during the fourth quarter worth about $78,181,000. FMR LLC increased its stake in Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock worth $340,427,000 after purchasing an additional 638,058 shares during the period. Finally, Palestra Capital Management LLC purchased a new stake in Louisiana-Pacific during the fourth quarter worth about $34,521,000. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

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.