Louisiana-Pacific Co. (NYSE:LPX) Receives $108.38 Average Target Price from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have been given a consensus recommendation of “Hold” by the nine research firms that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $108.38.

A number of research firms recently issued reports on LPX. TD Securities upped their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday, November 6th. StockNews.com downgraded Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Royal Bank of Canada raised their price objective on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. DA Davidson boosted their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group increased their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th.

Louisiana-Pacific Stock Down 2.1 %

Shares of LPX stock opened at $115.20 on Monday. The firm’s fifty day moving average price is $111.96 and its two-hundred day moving average price is $105.38. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 1 year low of $66.54 and a 1 year high of $122.87. The firm has a market capitalization of $8.09 billion, a P/E ratio of 19.86, a PEG ratio of 1.41 and a beta of 1.95.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the completion of the sale, the director now directly owns 28,638 shares of the company’s stock, valued at $3,247,835.58. The trade was a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares in the company, valued at approximately $2,101,225.50. This represents a 11.90 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its holdings in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth $35,000. Versant Capital Management Inc boosted its stake in shares of Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in Louisiana-Pacific during the third quarter valued at approximately $38,000. Finally, V Square Quantitative Management LLC bought a new stake in Louisiana-Pacific during the 3rd quarter valued at approximately $43,000. 94.73% of the stock is currently owned by hedge funds and other 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.