Analysts Set Louisiana-Pacific Corporation (NYSE:LPX) Price Target at $110.57

Louisiana-Pacific Corporation (NYSE:LPX) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $106.3333.

Several equities analysts have recently issued reports on LPX shares. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “hold (c)” rating on shares of Louisiana-Pacific in a research report on Wednesday, October 8th. Royal Bank Of Canada decreased their price objective on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a report on Thursday. TD Securities cut their target price on shares of Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday. Finally, Vertical Research assumed coverage on shares of Louisiana-Pacific in a research report on Monday, October 20th. They set a “buy” rating on the stock.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares in the company, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently added to or reduced their stakes in the company. CCM Investment Group LLC purchased a new stake in Louisiana-Pacific during the 1st quarter valued at $633,000. Sierra Summit Advisors LLC bought a new position in shares of Louisiana-Pacific during the first quarter valued at $511,000. Prudential PLC boosted its position in shares of Louisiana-Pacific by 27.2% during the first quarter. Prudential PLC now owns 44,829 shares of the building manufacturing company’s stock valued at $4,123,000 after buying an additional 9,581 shares during the last quarter. American Century Companies Inc. boosted its position in shares of 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 valued at $48,353,000 after buying an additional 7,381 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in Louisiana-Pacific by 32.4% in the 1st quarter. Cetera Investment Advisers now owns 37,865 shares of the building manufacturing company’s stock worth $3,483,000 after buying an additional 9,262 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $78.51 on Wednesday. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.47 billion, a P/E ratio of 18.52 and a beta of 1.80. Louisiana-Pacific has a 1-year low of $76.25 and a 1-year high of $122.87. The firm has a 50-day moving average of $90.09 and a 200-day moving average of $90.72.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. During the same quarter in the prior year, the firm earned $1.22 EPS. The firm’s revenue for the quarter was down 8.2% on a year-over-year basis. Sell-side analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 21st. Shareholders of record on Friday, November 14th will be issued a dividend of $0.28 per share. The ex-dividend date is Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.4%. Louisiana-Pacific’s dividend payout ratio is 26.42%.

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.