Louisiana-Pacific Co. (NYSE:LPX) Receives $107.38 Average PT from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) have received a consensus rating of "Hold" from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $107.38.

A number of analysts recently commented on the stock. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. BMO Capital Markets boosted their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a "market perform" rating in a report on Thursday, February 20th. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 target price on the stock in a report on Wednesday, May 7th. TD Securities dropped their target price 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, Truist Financial cut their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific during the fourth quarter valued at approximately $35,000. UMB Bank n.a. grew its position in Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock valued at $52,000 after purchasing an additional 242 shares in the last quarter. First Horizon Advisors Inc. grew its position in Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock valued at $75,000 after purchasing an additional 259 shares in the last quarter. Fifth Third Bancorp grew its position in Louisiana-Pacific by 41.5% during the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company's stock valued at $96,000 after purchasing an additional 305 shares in the last quarter. Finally, GeoWealth Management LLC grew its position in Louisiana-Pacific by 1,184.9% during the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company's stock valued at $97,000 after purchasing an additional 865 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX traded down $1.88 during trading on Friday, reaching $88.90. The company had a trading volume of 1,372,253 shares, compared to its average volume of 698,335. 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 firm's fifty day moving average is $88.95 and its 200 day moving average is $100.25. Louisiana-Pacific has a twelve month low of $78.82 and a twelve month high of $122.87. The firm has a market capitalization of $6.19 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.89.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $724.00 million for the quarter, compared to the consensus estimate of $711.66 million. During the same period in the previous year, the firm earned $1.53 EPS. The business's revenue for the quarter was up .0% on a year-over-year basis. On average, equities analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific's payout ratio is presently 19.65%.

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.