Louisiana-Pacific Corporation (NYSE:LPX) Receives $106.33 Average PT from Brokerages

by · The Cerbat Gem

Shares of Louisiana-Pacific Corporation (NYSE:LPX – Get Free Report) have earned a consensus recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating on 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.

A number of equities analysts recently commented on LPX shares. Royal Bank Of Canada dropped their price target on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating for the company in a research note on Thursday, November 6th. Vertical Research assumed coverage on Louisiana-Pacific in a research note on Monday, October 20th. They set a “buy” rating on the stock. Zacks Research downgraded Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a report on Wednesday, October 8th. Finally, DA Davidson reiterated a “buy” rating and issued a $117.00 target price on shares of Louisiana-Pacific in a research note on Thursday, November 20th.

Read Our Latest Analysis on LPX

Louisiana-Pacific Stock Performance

NYSE LPX opened at $82.20 on Friday. The business’s 50 day moving average price is $84.77 and its 200-day moving average price is $89.32. Louisiana-Pacific has a fifty-two week low of $73.42 and a fifty-two week high of $121.61. The company has a market cap of $5.72 billion, a P/E ratio of 26.60 and a beta of 1.81. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93.

Louisiana-Pacific (NYSE:LPX – Get Free Report) last issued 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 return on equity of 14.90% and a net margin of 7.69%.The company had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. The firm’s quarterly revenue was down 8.2% compared to the same quarter last year. Sell-side analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 36.25%.

Insiders Place Their Bets

In related news, Director Stephen E. Macadam acquired 3,200 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was bought at an average price of $78.06 per share, for a total transaction of $249,792.00. Following the acquisition, the director directly owned 41,149 shares of the company’s stock, valued at $3,212,090.94. This represents a 8.43% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.42% of the stock is owned by insiders.

Institutional Trading of Louisiana-Pacific

Institutional investors and hedge funds have recently modified their holdings of the stock. Eminence Capital LP boosted its holdings in shares of Louisiana-Pacific by 7.9% in the third quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock valued at $276,822,000 after purchasing an additional 228,521 shares during the period. 59 North Capital Management LP raised its position in Louisiana-Pacific by 7.2% during the 2nd quarter. 59 North Capital Management LP now owns 2,808,369 shares of the building manufacturing company’s stock valued at $241,492,000 after purchasing an additional 189,726 shares in the last quarter. Valeo Financial Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 33,243.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after buying an additional 2,581,023 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Louisiana-Pacific by 1.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company’s stock worth $137,666,000 after buying an additional 28,535 shares in the last quarter. Finally, Boston Partners purchased a new position in shares of Louisiana-Pacific during the third quarter valued at $100,770,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

(Get Free Report)

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.

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