Louisiana-Pacific Corporation (NYSE:LPX) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been assigned a consensus recommendation of “Moderate Buy” from the eleven brokerages that are covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $97.25.

Several equities analysts have recently issued reports on the stock. Truist Financial restated a “buy” rating and set a $93.00 price objective (down from $95.00) on shares of Louisiana-Pacific in a report on Friday, May 8th. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Zacks Research upgraded shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a report on Thursday, May 7th. Finally, Oppenheimer cut their price objective on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th.

Insiders Place Their Bets

In related news, Director Lizanne M. Bruce sold 1,300 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $78.59, for a total value of $102,167.00. Following the transaction, the director owned 17,160 shares in the company, valued at approximately $1,348,604.40. This represents a 7.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.65% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Eminence Capital LP increased its holdings in Louisiana-Pacific by 29.9% in the 4th quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock worth $326,927,000 after buying an additional 932,177 shares during the period. 59 North Capital Management LP increased its holdings in Louisiana-Pacific by 26.3% in the 4th quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company’s stock worth $285,639,000 after buying an additional 737,406 shares during the period. State Street Corp increased its holdings in Louisiana-Pacific by 1.3% in the 4th quarter. State Street Corp now owns 2,171,315 shares of the building manufacturing company’s stock worth $175,355,000 after buying an additional 27,710 shares during the period. Price T Rowe Associates Inc. MD increased its holdings in Louisiana-Pacific by 23.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company’s stock worth $139,218,000 after buying an additional 332,794 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Louisiana-Pacific by 0.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock worth $119,279,000 after buying an additional 15,232 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

LPX opened at $70.49 on Friday. Louisiana-Pacific has a 52-week low of $66.12 and a 52-week high of $102.86. The company has a quick ratio of 1.48, a current ratio of 3.26 and a debt-to-equity ratio of 0.20. The company has a market cap of $4.92 billion, a P/E ratio of 59.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.60. The firm’s 50-day moving average price is $73.00 and its 200-day moving average price is $80.56.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.24. Louisiana-Pacific had a net margin of 3.20% and a return on equity of 7.03%. The firm had revenue of $574.00 million for the quarter, compared to the consensus estimate of $569.99 million. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s revenue for the quarter was down 20.7% compared to the same quarter last year. As a group, equities analysts anticipate that Louisiana-Pacific will post 2 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. Louisiana-Pacific’s dividend payout ratio is 101.69%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.