BMO Capital Markets Issues Positive Forecast for Louisiana-Pacific (NYSE:LPX) Stock Price

Louisiana-Pacific (NYSE:LPX) had its price target increased by BMO Capital Markets from $99.00 to $103.00 in a research note published on Tuesday morning,Benzinga reports. The firm currently has a market perform rating on the building manufacturing company’s stock.

Several other equities research analysts have also weighed in on LPX. Bank of America upped their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. TD Securities increased their price objective on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research note 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. The Goldman Sachs Group increased their price objective on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $102.22.

Louisiana-Pacific Stock Performance

NYSE LPX opened at $111.95 on Tuesday. Louisiana-Pacific has a twelve month low of $60.00 and a twelve month high of $114.33. The company has a quick ratio of 1.69, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The stock has a market cap of $7.86 billion, a P/E ratio of 19.30, a PEG ratio of 2.68 and a beta of 1.88. The company’s 50-day simple moving average is $104.20 and its 200 day simple moving average is $94.66.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be given a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.93%. Louisiana-Pacific’s payout ratio is 17.93%.

Insider Buying and Selling at Louisiana-Pacific

In related news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at $55,773,027.84. The trade was a 5.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. This represents a 10.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,400 shares of company stock worth $3,325,917 over the last ninety days. Insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. FMR LLC raised its holdings in shares of Louisiana-Pacific by 25.2% in the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock worth $340,427,000 after acquiring an additional 638,058 shares during the last quarter. State Street Corp raised its stake in shares of Louisiana-Pacific by 10.8% in the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock worth $231,529,000 after purchasing an additional 210,113 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Louisiana-Pacific by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock valued at $146,026,000 after purchasing an additional 177,132 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after buying an additional 602,803 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in shares of 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 valued at $118,895,000 after buying an additional 1,096,804 shares during the last quarter. 94.73% of the stock is owned by 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.