Louisiana-Pacific (NYSE:LPX) Stock Price Up 4.8% on Earnings Beat

Louisiana-Pacific Co. (NYSE:LPX)’s stock price was up 4.8% on Tuesday following a stronger than expected earnings report. The company traded as high as $91.49 and last traded at $91.73. Approximately 159,837 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 734,486 shares. The stock had previously closed at $87.53.

The building manufacturing company reported $1.27 EPS 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 firm had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. During the same quarter last year, the firm posted $1.53 EPS. The business’s quarterly revenue was up .0% on a year-over-year basis.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s payout ratio is currently 19.05%.

Wall Street Analyst Weigh In

Several research analysts have commented on LPX shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. DA Davidson dropped their target price 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. Truist Financial reduced their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd. TD Securities dropped their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Finally, Loop Capital cut their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $108.63.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Coldstream Capital Management Inc. raised its holdings in shares of Louisiana-Pacific by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company’s stock worth $383,000 after buying an additional 95 shares in the last quarter. Hanseatic Management Services Inc. grew its position in Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after acquiring an additional 100 shares during the period. Louisiana State Employees Retirement System raised its stake in Louisiana-Pacific by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock worth $1,802,000 after acquiring an additional 100 shares in the last quarter. Woodmont Investment Counsel LLC raised its stake in Louisiana-Pacific by 3.2% during the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after acquiring an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of Louisiana-Pacific by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after acquiring an additional 114 shares during the period. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Price Performance

The company has a market cap of $6.31 billion, a price-to-earnings ratio of 15.39, a P/E/G ratio of 1.24 and a beta of 1.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The company’s 50 day moving average price is $89.43 and its 200 day moving average price is $102.91.

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.