Louisiana-Pacific Co. (NYSE:LPX) Receives $111.50 Consensus PT from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $108.63.

Several brokerages have recently commented on LPX. TD Securities lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada restated an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Loop Capital reduced their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a research report on Monday, February 24th. Truist Financial dropped their target price on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, DA Davidson reduced their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th.

Louisiana-Pacific Trading Down 0.5 %

Shares of NYSE:LPX opened at $86.59 on Friday. Louisiana-Pacific has a 12-month low of $72.06 and a 12-month high of $122.87. The company has a market cap of $6.03 billion, a PE ratio of 14.73, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. The stock has a 50 day moving average of $91.19 and a 200 day moving average of $103.75. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The firm had revenue of $681.00 million during the quarter, compared to analysts’ expectations of $666.75 million. During the same period in the prior year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, equities research analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 1.29%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.05%.

Hedge Funds Weigh In On Louisiana-Pacific

Several large investors have recently modified their holdings of the stock. Alyeska Investment Group L.P. boosted its stake in Louisiana-Pacific by 1,736.2% during the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock worth $92,299,000 after buying an additional 842,809 shares during the period. Norges Bank purchased a new position in shares of Louisiana-Pacific during the 4th quarter worth about $78,181,000. FMR LLC grew its holdings in Louisiana-Pacific by 17.1% during the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock valued at $384,031,000 after purchasing an additional 540,703 shares during the last quarter. Palestra Capital Management LLC purchased a new stake in Louisiana-Pacific in the 4th quarter worth about $34,521,000. Finally, Principal Financial Group Inc. lifted its stake in Louisiana-Pacific by 215.0% in the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company’s stock worth $48,686,000 after purchasing an additional 320,912 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

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.