Louisiana-Pacific Corporation (NYSE:LPX) Receives $106.63 Consensus Target Price from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $106.63.

A number of brokerages have issued reports on LPX. Loop Capital raised Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada raised their price objective on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. DA Davidson reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating for the company in a report on Wednesday, June 25th. Finally, Truist Financial cut their price objective on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a report on Tuesday, April 22nd.

Louisiana-Pacific Trading Down 1.0%

NYSE:LPX opened at $91.70 on Thursday. Louisiana-Pacific has a 12-month low of $78.82 and a 12-month high of $122.87. The firm has a market capitalization of $6.38 billion, a P/E ratio of 16.09, a P/E/G ratio of 1.41 and a beta of 1.84. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59. The business has a 50 day simple moving average of $90.14 and a 200 day simple moving average of $96.87.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The business had revenue of $724.00 million during the quarter, compared to analyst estimates of $711.66 million. During the same period in the prior year, the company posted $1.53 EPS. The business’s revenue for the quarter was up .0% compared to the same quarter last year. Equities research analysts predict that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a yield of 1.22%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.65%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 1,179 shares of the firm’s stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $89.52, for a total value of $105,544.08. Following the sale, the director directly owned 18,838 shares of the company’s stock, valued at approximately $1,686,377.76. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio bought a new position in Louisiana-Pacific during the first quarter valued at about $1,439,000. Bayforest Capital Ltd grew its position in Louisiana-Pacific by 20.0% during the 1st quarter. Bayforest Capital Ltd now owns 2,591 shares of the building manufacturing company’s stock worth $238,000 after acquiring an additional 431 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Louisiana-Pacific by 15.2% during the 1st 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 worth $20,747,000 after acquiring an additional 29,846 shares during the last quarter. Empowered Funds LLC grew its position in Louisiana-Pacific by 207.1% during 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 last quarter. Finally, United Services Automobile Association bought a new position in Louisiana-Pacific in the 1st quarter valued at $377,000. 94.73% of the stock is currently owned by institutional investors.

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.