Louisiana-Pacific Co. (NYSE:LPX) Given Consensus Rating of “Hold” by Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $107.38.

Several analysts have recently issued reports on the stock. TD Securities reduced their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. DA Davidson reduced their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, Truist Financial reduced their price target 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, April 22nd.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $93.98 on Wednesday. The firm has a market capitalization of $6.54 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94. The firm has a fifty day simple moving average of $88.97 and a two-hundred day simple moving average of $102.58. 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 has a 12 month low of $78.82 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. During the same quarter in the previous year, the business posted $1.53 EPS. Louisiana-Pacific’s quarterly revenue was up .0% on a year-over-year basis. Analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, May 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 19.65%.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nations Financial Group Inc. IA ADV boosted its position in Louisiana-Pacific by 3.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 6,215 shares of the building manufacturing company’s stock worth $572,000 after purchasing an additional 218 shares during the period. American Century Companies Inc. boosted its position in Louisiana-Pacific by 1.4% during the first quarter. American Century Companies Inc. now owns 525,686 shares of the building manufacturing company’s stock worth $48,353,000 after purchasing an additional 7,381 shares during the period. Fox Run Management L.L.C. boosted its position in Louisiana-Pacific by 191.6% during the first quarter. Fox Run Management L.L.C. now owns 9,420 shares of the building manufacturing company’s stock worth $866,000 after purchasing an additional 6,189 shares during the period. Prudential PLC boosted its position in Louisiana-Pacific by 27.2% during the first quarter. Prudential PLC now owns 44,829 shares of the building manufacturing company’s stock worth $4,123,000 after purchasing an additional 9,581 shares during the period. Finally, CCM Investment Group LLC bought a new position in Louisiana-Pacific during the first quarter worth about $633,000. Institutional investors own 94.73% of the company’s stock.

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.