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

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have earned an average recommendation of “Moderate Buy” from the twelve research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $96.7778.

A number of research analysts recently issued reports on LPX shares. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 7th. Jefferies Financial Group initiated coverage on shares of Louisiana-Pacific in a research note on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price target for the company. Oppenheimer dropped 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. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Finally, Truist Financial restated a “buy” rating and issued a $93.00 target price (down from $95.00) on shares of Louisiana-Pacific in a research note on Friday, May 8th.

Institutional Investors Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eminence Capital LP raised its position in shares of Louisiana-Pacific by 29.9% during the fourth quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock worth $326,927,000 after purchasing an additional 932,177 shares during the period. 59 North Capital Management LP lifted its holdings in shares of 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 purchasing an additional 737,406 shares in the last quarter. State Street Corp grew its position 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 valued at $175,355,000 after purchasing an additional 27,710 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Louisiana-Pacific by 23.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,723,824 shares of the building manufacturing company’s stock valued at $139,218,000 after purchasing an additional 332,794 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Louisiana-Pacific by 0.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,639,721 shares of the building manufacturing company’s stock valued at $119,279,000 after purchasing an additional 15,232 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Up 0.3%

Shares of LPX stock opened at $73.35 on Monday. Louisiana-Pacific has a fifty-two week low of $66.12 and a fifty-two week high of $102.86. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.48 and a current ratio of 3.26. The stock has a 50 day simple moving average of $74.37 and a two-hundred day simple moving average of $79.22. The company has a market cap of $5.12 billion, a P/E ratio of 62.16, a PEG ratio of 1.84 and a beta of 1.60.

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

Louisiana-Pacific Announces Dividend

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

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.