Louisiana-Pacific (NYSE:LPX) Reaches New 12-Month High at $102.15

Louisiana-Pacific Co. (NYSE:LPX) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $102.15 and last traded at $101.24, with a volume of 61774 shares traded. The stock had previously closed at $100.78.

Wall Street Analyst Weigh In

Several research analysts recently commented on LPX shares. Bank of America lifted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. Royal Bank of Canada boosted their target price on Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research report on Thursday, August 8th. DA Davidson boosted their target price on Louisiana-Pacific from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, June 14th. The Goldman Sachs Group boosted their target price on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a research report on Thursday, August 8th. Finally, Truist Financial restated a “buy” rating and set a $105.00 target price (up previously from $101.00) on shares of Louisiana-Pacific in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $92.67.

Louisiana-Pacific Stock Up 2.6 %

The company’s 50 day moving average price is $94.69 and its two-hundred day moving average price is $86.76. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.47 billion, a P/E ratio of 28.61, a P/E/G ratio of 0.60 and a beta of 1.88.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. The firm had revenue of $814.00 million during the quarter, compared to the consensus estimate of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The company’s revenue was up 33.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. As a group, research analysts expect that Louisiana-Pacific Co. will post 5.05 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $1.04 annualized dividend and a yield of 1.00%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 28.57%.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the sale, the director now owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total transaction of $76,880.00. Following the completion of the sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors have recently modified their holdings of LPX. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Louisiana-Pacific by 1.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock valued at $1,237,000 after acquiring an additional 167 shares during the period. GAMMA Investing LLC grew its position in shares of Louisiana-Pacific by 57.3% during the 2nd quarter. GAMMA Investing LLC now owns 486 shares of the building manufacturing company’s stock valued at $40,000 after acquiring an additional 177 shares during the period. CWM LLC grew its position in shares of Louisiana-Pacific by 9.0% during the 2nd quarter. CWM LLC now owns 2,279 shares of the building manufacturing company’s stock valued at $188,000 after acquiring an additional 188 shares during the period. Retirement Systems of Alabama grew its position in shares of Louisiana-Pacific by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after acquiring an additional 220 shares during the period. Finally, Investment House LLC grew its position in shares of Louisiana-Pacific by 5.5% during the 2nd quarter. Investment House LLC now owns 4,769 shares of the building manufacturing company’s stock valued at $393,000 after acquiring an additional 250 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.