Louisiana-Pacific Corporation (NYSE:LPX) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) have received an average recommendation of "Moderate Buy" from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $94.00.

Several equities analysts recently commented on LPX shares. Zacks Research lowered shares of Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research report on Tuesday, June 30th. Oppenheimer decreased their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating on the stock in a report on Thursday, May 7th. DA Davidson dropped their price objective on Louisiana-Pacific from $103.00 to $99.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a "sell" rating in a report on Thursday, August 6th. Finally, TD Securities upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating in a report on Thursday, May 7th.

Louisiana-Pacific Price Performance

LPX stock opened at $70.55 on Tuesday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 89.30, a price-to-earnings-growth ratio of 10.08 and a beta of 1.62. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 52-week low of $66.12 and a 52-week high of $101.28. The stock's fifty day simple moving average is $74.71 and its 200-day simple moving average is $75.52.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $665.00 million during the quarter, compared to analyst estimates 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 for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities research analysts expect that Louisiana-Pacific will post 1.17 EPS for the current year.

Louisiana-Pacific Dividend Announcement

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

Institutional Trading of Louisiana-Pacific

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Louisiana-Pacific in the second quarter valued at approximately $506,638,000. Berkshire Hathaway Inc purchased a new stake in Louisiana-Pacific during the second quarter worth approximately $445,593,000. California State Teachers Retirement System increased its position in shares of Louisiana-Pacific by 7,680.5% in the second quarter. California State Teachers Retirement System now owns 5,661,789 shares of the building manufacturing company's stock worth $445,356,000 after acquiring an additional 5,589,020 shares in the last quarter. Eminence Capital LP raised its stake in shares of Louisiana-Pacific by 29.9% in the 4th quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company's stock valued at $326,927,000 after acquiring an additional 932,177 shares during the period. Finally, 59 North Capital Management LP raised its stake in shares of Louisiana-Pacific by 26.3% in the 4th quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company's stock valued at $285,639,000 after acquiring an additional 737,406 shares during the period. Hedge funds and other institutional investors own 94.73% of the company's stock.

Louisiana-Pacific Company Profile

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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