Louisiana-Pacific Corporation (NYSE:LPX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Louisiana-Pacific Corporation (NYSE:LPXGet Free Report) has been given a consensus rating of “Moderate Buy” by the fourteen brokerages that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating and eleven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $94.00.

LPX has been the subject of several analyst reports. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research note on Thursday, May 7th. Barclays cut their price objective on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Jefferies Financial Group assumed coverage on shares of Louisiana-Pacific in a research report on Tuesday, June 23rd. They issued a “buy” rating and a $93.00 price objective for the company. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Weiss Ratings lowered Louisiana-Pacific from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, August 19th.

Get Our Latest Report on Louisiana-Pacific

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors have recently made changes to their positions in the business. Millennium Management LLC raised its holdings in Louisiana-Pacific by 128.6% in the first quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock valued at $16,259,000 after acquiring an additional 99,455 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Louisiana-Pacific during the first quarter valued at approximately $273,000. Goldman Sachs Group Inc. increased its position in Louisiana-Pacific by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock worth $25,274,000 after buying an additional 18,413 shares during the period. Empowered Funds LLC increased its holdings in shares of Louisiana-Pacific by 207.1% in the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock worth $2,596,000 after acquiring an additional 19,029 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of Louisiana-Pacific by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after buying an additional 29,846 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $70.55 on Tuesday. The business’s 50-day simple moving average is $74.71 and its 200 day simple moving average is $75.52. The company has a market cap of $4.93 billion, a P/E ratio of 89.30, a PEG ratio of 10.08 and a beta of 1.62. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22. Louisiana-Pacific has a one year low of $66.12 and a one year high of $101.28.

Louisiana-Pacific (NYSE:LPXGet Free Report) last released its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The company had revenue of $665.00 million during the quarter, compared to analysts’ expectations of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The firm’s revenue was down 12.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.99 EPS. On average, sell-side analysts forecast that Louisiana-Pacific will post 1.17 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is 151.90%.

About Louisiana-Pacific

(Get Free Report)

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LPĀ® SmartSideĀ® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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