DA Davidson reaffirmed their buy rating on shares of Louisiana-Pacific (NYSE:LPX – Free Report) in a research note published on Wednesday,Benzinga reports. DA Davidson currently has a $99.00 price target on the building manufacturing company’s stock.
Other equities analysts have also recently issued research reports about the stock. BMO Capital Markets raised shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price target for the company in a research note on Thursday, May 7th. Barclays lowered their price objective on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Truist Financial dropped their price objective on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Oppenheimer cut their target price on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, TD increased their target price on Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Eleven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $94.00.
Read Our Latest Stock Analysis on Louisiana-Pacific
Louisiana-Pacific Price Performance
Louisiana-Pacific (NYSE:LPX – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The business had revenue of $664.00 million for the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s revenue was down 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. On average, research analysts forecast that Louisiana-Pacific will post 1.17 earnings per share for the current fiscal year.
Louisiana-Pacific Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Western Wealth Management LLC purchased a new stake in shares of Louisiana-Pacific in the 1st quarter valued at $25,000. North Ridge Wealth Advisors Inc. purchased a new position in Louisiana-Pacific in the 2nd quarter worth $26,000. Parallel Advisors LLC lifted its stake in Louisiana-Pacific by 204.0% in the first quarter. Parallel Advisors LLC now owns 380 shares of the building manufacturing company’s stock worth $28,000 after purchasing an additional 255 shares during the last quarter. Los Angeles Capital Management LLC bought a new stake in Louisiana-Pacific in the fourth quarter worth $29,000. Finally, Root Financial Partners LLC lifted its stake in Louisiana-Pacific by 177.6% in the first quarter. Root Financial Partners LLC now owns 433 shares of the building manufacturing company’s stock worth $32,000 after purchasing an additional 277 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.
About Louisiana-Pacific
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 LP® SmartSide® 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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