Seaport Res Ptn Analysts Boost Earnings Estimates for Louisiana-Pacific Co. (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Seaport Res Ptn boosted their Q1 2024 EPS estimates for shares of Louisiana-Pacific in a report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings per share of $1.13 for the quarter, up from their previous forecast of $1.00. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q3 2024 earnings at $1.07 EPS and Q4 2024 earnings at $0.80 EPS.

Several other brokerages have also recently commented on LPX. TD Cowen reiterated a “hold” rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. DA Davidson restated a “buy” rating and issued a $76.00 target price on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Truist Financial upped their target price on Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. TD Securities upped their price target on Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada raised their price target on Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock traded down $0.24 during mid-day trading on Wednesday, reaching $72.75. The company’s stock had a trading volume of 968,190 shares, compared to its average volume of 877,893. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $84.54. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of 29.79 and a beta of 1.84. The company has a current ratio of 3.00, a quick ratio of 1.54 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average price of $75.92 and a 200-day moving average price of $67.04.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.54 by $0.17. The firm had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. Louisiana-Pacific’s revenue for the quarter was down 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Folger Nolan Fleming Douglas Capital Management Inc. bought a new stake in shares of Louisiana-Pacific in the 1st quarter worth approximately $200,000. First Hawaiian Bank increased its stake in Louisiana-Pacific by 22.0% in the 1st quarter. First Hawaiian Bank now owns 10,481 shares of the building manufacturing company’s stock worth $879,000 after buying an additional 1,890 shares in the last quarter. Moody National Bank Trust Division grew its position in shares of Louisiana-Pacific by 20.9% during the first quarter. Moody National Bank Trust Division now owns 7,812 shares of the building manufacturing company’s stock valued at $656,000 after purchasing an additional 1,350 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Louisiana-Pacific in the 4th quarter valued at about $92,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock valued at $110,717,000 after acquiring an additional 712,671 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares of the company’s stock, valued at $2,016,692.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.53% of the stock is currently owned by company insiders.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Thursday, February 22nd. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 42.45%.

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.