DA Davidson Raises Louisiana-Pacific (NYSE:LPX) Price Target to $110.00

Louisiana-Pacific (NYSE:LPXFree Report) had its price target upped by DA Davidson from $98.00 to $110.00 in a research report sent to investors on Friday, Benzinga reports. They currently have a buy rating on the building manufacturing company’s stock.

LPX has been the subject of several other research reports. Seaport Res Ptn cut Louisiana-Pacific from a buy rating to a neutral rating in a report on Thursday, May 9th. Royal Bank of Canada lifted their price target on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the company an outperform rating in a report on Thursday, May 9th. StockNews.com upgraded shares of Louisiana-Pacific from a hold rating to a buy rating in a report on Thursday, May 9th. TD Securities lifted their target price on shares of Louisiana-Pacific from $87.00 to $90.00 and gave the company a hold rating in a research note on Thursday, May 9th. Finally, TheStreet downgraded shares of Louisiana-Pacific from a b- rating to a c+ rating in a research note on Thursday, February 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of Hold and an average target price of $87.11.

View Our Latest Research Report on Louisiana-Pacific

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $88.93 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.75 and a current ratio of 3.32. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $95.70. The business has a 50 day moving average price of $83.75 and a 200-day moving average price of $75.80. The firm has a market cap of $6.38 billion, a PE ratio of 24.43, a price-to-earnings-growth ratio of 11.97 and a beta of 1.92.

Louisiana-Pacific (NYSE:LPXGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.40. The business had revenue of $724.00 million for the quarter, compared to analyst estimates of $686.84 million. Louisiana-Pacific had a net margin of 9.74% and a return on equity of 20.87%. The company’s revenue was up 24.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.34 EPS. Equities research analysts predict that Louisiana-Pacific will post 5.79 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.26 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $1.04 annualized dividend and a dividend yield of 1.17%. Louisiana-Pacific’s payout ratio is 28.57%.

Institutional Trading of Louisiana-Pacific

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Eminence Capital LP raised its stake in Louisiana-Pacific by 31.4% during the fourth quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock valued at $145,697,000 after buying an additional 491,641 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Louisiana-Pacific by 11.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock worth $146,026,000 after purchasing an additional 177,132 shares during the last quarter. Franklin Resources Inc. boosted its stake in Louisiana-Pacific by 10.0% in the 4th quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock worth $80,465,000 after purchasing an additional 103,249 shares in the last quarter. Channing Capital Management LLC purchased a new stake in Louisiana-Pacific during the 4th quarter valued at about $73,662,000. Finally, Jacobs Levy Equity Management Inc. raised its holdings in Louisiana-Pacific by 6.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock worth $77,660,000 after buying an additional 57,966 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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, 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.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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