Louisiana-Pacific Corporation (NYSE:LPX) Given Average Rating of “Moderate Buy” by Analysts

Louisiana-Pacific Corporation (NYSE:LPX) has received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $97.25.

A number of analysts have recently weighed in on the stock. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. DA Davidson reaffirmed a “buy” rating and issued a $114.00 target price on shares of Louisiana-Pacific in a research report on Tuesday, May 5th. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 target price on the stock in a research report on Thursday, May 7th. TD raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a research report on Thursday, May 7th. Finally, Truist Financial reissued a “buy” rating and set a $93.00 price objective (down from $95.00) on shares of Louisiana-Pacific in a research report on Friday, May 8th.

Louisiana-Pacific Stock Down 2.6%

NYSE:LPX opened at $75.34 on Thursday. The firm’s 50-day moving average price is $73.31 and its 200-day moving average price is $80.02. The company has a market capitalization of $5.26 billion, a PE ratio of 63.85, a P/E/G ratio of 1.94 and a beta of 1.59. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48. Louisiana-Pacific has a 1-year low of $66.12 and a 1-year high of $102.86.

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

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio is 101.69%.

Institutional Trading of Louisiana-Pacific

Several institutional investors have recently bought and sold shares of LPX. Millennium Management LLC grew its position in Louisiana-Pacific by 128.6% during the 1st quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock valued at $16,259,000 after purchasing an additional 99,455 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Louisiana-Pacific during the 1st quarter valued at about $273,000. Goldman Sachs Group Inc. grew its position in Louisiana-Pacific by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after purchasing an additional 18,413 shares during the last quarter. Empowered Funds LLC grew its position in Louisiana-Pacific by 207.1% during the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after purchasing an additional 19,029 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Louisiana-Pacific by 15.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after purchasing an additional 29,846 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

About Louisiana-Pacific

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.