Truist Financial Cuts Louisiana-Pacific (NYSE:LPX) Price Target to $112.00

Louisiana-Pacific (NYSE:LPX) had its price objective trimmed by Truist Financial from $126.00 to $112.00 in a research note released on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the building manufacturing company’s stock.

Other equities research analysts also recently issued reports about the stock. TD Securities decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets upped their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. DA Davidson cut their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Loop Capital decreased their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a report on Monday, February 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $108.63.

Louisiana-Pacific Stock Up 2.9 %

Shares of NYSE:LPX opened at $86.98 on Tuesday. Louisiana-Pacific has a 1 year low of $72.06 and a 1 year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The business’s 50-day moving average is $91.71 and its 200-day moving average is $103.89. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 14.79, a P/E/G ratio of 1.24 and a beta of 1.86.

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

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.29%. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s payout ratio is currently 19.05%.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Louisiana-Pacific by 18.6% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 136,939 shares of the building manufacturing company’s stock worth $12,486,000 after purchasing an additional 21,462 shares in the last quarter. Moran Wealth Management LLC boosted its stake in shares of Louisiana-Pacific by 4.7% in the 1st quarter. Moran Wealth Management LLC now owns 6,447 shares of the building manufacturing company’s stock worth $593,000 after buying an additional 289 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 12.8% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,482 shares of the building manufacturing company’s stock valued at $320,000 after acquiring an additional 396 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Louisiana-Pacific during the first quarter valued at approximately $317,000. Finally, Luken Investment Analytics LLC bought a new stake in Louisiana-Pacific during the first quarter worth $1,821,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.