Louisiana-Pacific Corporation (NYSE:LPX) Stock Has Consensus Target Price of $93.67

Key Points

• Analysts maintain a moderately bullish view: Louisiana-Pacific has a consensus “Moderate Buy” rating from 15 firms, with an average 12-month price target of $93.67 versus a recent price of $66.68.
• Institutional ownership is substantial: Institutional investors own 94.73% of the stock, with BlackRock and Berkshire Hathaway each establishing sizable new positions and several other funds increasing their holdings.
• Recent operating results weakened: Quarterly EPS was $0.40, below the $0.56 consensus estimate, while revenue fell 12.1% year over year to $664 million. The company also declared a $0.30 quarterly dividend, yielding approximately 1.8% annually.

Shares of Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fifteen research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and twelve have assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $93.67.

Several equities research analysts recently weighed in on LPX shares. Barclays reduced their target price on shares of Louisiana-Pacific from $93.00 to $92.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Bank of America upped their price target on Louisiana-Pacific from $85.00 to $101.00 and gave the company a "buy" rating in a report on Tuesday, July 14th. Wolfe Research initiated coverage on Louisiana-Pacific in a research report on Thursday, September 10th. They issued an "outperform" rating and a $90.00 price objective for the company. DA Davidson reissued a "buy" rating and set a $99.00 price objective on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. Finally, Zacks Research lowered Louisiana-Pacific from a "hold" rating to a "strong sell" rating in a research note on Tuesday, June 30th.

Hedge Funds Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Louisiana-Pacific in the 2nd quarter valued at $506,638,000. Berkshire Hathaway Inc bought a new stake in Louisiana-Pacific in the second quarter valued at $445,593,000. Eminence Capital LP raised its stake in Louisiana-Pacific by 29.9% during the fourth quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company's stock worth $326,927,000 after acquiring an additional 932,177 shares in the last quarter. 59 North Capital Management LP raised its stake in Louisiana-Pacific by 26.3% during the fourth quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company's stock worth $285,639,000 after acquiring an additional 737,406 shares in the last quarter. Finally, Maple Rock Capital Partners Inc. lifted its holdings in shares of Louisiana-Pacific by 36.8% during the second quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company's stock valued at $119,709,000 after acquiring an additional 409,300 shares during the period. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Price Performance

NYSE:LPX opened at $66.68 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.67. Louisiana-Pacific has a one year low of $64.49 and a one year high of $100.34. The company has a fifty day moving average price of $71.02 and a 200 day moving average price of $73.10. The stock has a market cap of $4.66 billion, a P/E ratio of 84.40, a PEG ratio of 9.38 and a beta of 1.59.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.The company had revenue of $664.00 million during the quarter, compared to analyst estimates of $667.31 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The business's revenue for the quarter was down 12.1% on a year-over-year basis. Analysts anticipate that Louisiana-Pacific will post 1.17 earnings per share for the current 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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 14th. Louisiana-Pacific's payout ratio is 151.90%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, operating as LP Building Solutions, manufactures building products used in residential, repair and remodeling, and commercial construction. Its portfolio includes oriented strand board (OSB) structural panels, siding, trim, and related engineered wood products designed for walls, roofs, floors, and exterior applications.

The company's principal brands include LP SmartSide siding and trim, which are engineered wood products for residential and light-commercial exteriors, and LP Structural Solutions products, including OSB panels and specialty sheathing.

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