Louisiana-Pacific Corporation (NYSE:LPX) Receives $97.25 Average PT from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $97.25.

LPX has been the subject of several analyst reports. BMO Capital Markets upgraded Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective for the company in a research report on Thursday, May 7th. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. TD raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research report on Thursday, May 7th. Finally, Oppenheimer reduced 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.

Louisiana-Pacific Price Performance

Shares of LPX stock opened at $75.79 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.26 and a quick ratio of 1.48. The company has a market capitalization of $5.29 billion, a PE ratio of 64.23, a price-to-earnings-growth ratio of 1.95 and a beta of 1.59. The firm’s 50-day moving average is $73.51 and its two-hundred day moving average is $79.91. Louisiana-Pacific has a 12 month low of $66.12 and a 12 month high of $102.86.

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

Louisiana-Pacific Dividend Announcement

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

Institutional Trading of Louisiana-Pacific

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC raised its holdings in shares of Louisiana-Pacific by 26.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company’s stock valued at $50,000 after buying an additional 143 shares during the period. Elo Mutual Pension Insurance Co increased its stake in Louisiana-Pacific by 1.5% during the third quarter. Elo Mutual Pension Insurance Co now owns 11,524 shares of the building manufacturing company’s stock worth $1,024,000 after purchasing an additional 166 shares during the period. WINTON GROUP Ltd lifted its position in shares of Louisiana-Pacific by 2.7% during the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company’s stock worth $611,000 after purchasing an additional 183 shares in the last quarter. Tidal Investments LLC lifted its position in shares of Louisiana-Pacific by 1.2% during the second quarter. Tidal Investments LLC now owns 21,339 shares of the building manufacturing company’s stock worth $1,835,000 after purchasing an additional 247 shares in the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock valued at $28,000 after purchasing an additional 255 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.