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

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $107.38.

Several research firms have weighed in on LPX. TD Securities decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Truist Financial decreased their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a research report on Tuesday, April 22nd. DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada raised their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, Loop Capital upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a research report on Wednesday, May 7th.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Louisiana-Pacific in the 4th quarter worth $35,000. UMB Bank n.a. grew its stake in shares of Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock worth $52,000 after buying an additional 242 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock worth $75,000 after buying an additional 259 shares in the last quarter. GeoWealth Management LLC grew its stake in shares of Louisiana-Pacific by 1,184.9% in the 4th quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock worth $97,000 after buying an additional 865 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Louisiana-Pacific by 41.5% in the 1st quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock worth $96,000 after buying an additional 305 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Up 1.6%

Shares of LPX stock opened at $90.38 on Friday. Louisiana-Pacific has a 12-month low of $78.82 and a 12-month high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The firm’s 50 day moving average is $89.09 and its 200 day moving average is $100.04. The stock has a market capitalization of $6.29 billion, a P/E ratio of 15.37, a P/E/G ratio of 1.24 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $711.66 million. During the same period last year, the firm earned $1.53 earnings per share. The company’s quarterly revenue was up .0% on a year-over-year basis. Research analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a $0.28 dividend. The ex-dividend date was Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. Louisiana-Pacific’s payout ratio is currently 19.65%.

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.