Louisiana-Pacific Co. (NYSE:LPX) Receives Consensus Recommendation of "Hold" from Brokerages

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

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

Louisiana-Pacific Trading Down 0.8%

Louisiana-Pacific stock opened at $91.73 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific has a 1 year low of $78.82 and a 1 year high of $122.87. The firm's 50 day moving average price is $88.85 and its 200-day moving average price is $100.66. The stock has a market cap of $6.38 billion, a P/E ratio of 15.60, a PEG ratio of 1.24 and a beta of 1.89.

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

Louisiana-Pacific Dividend Announcement

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

Institutional Trading of Louisiana-Pacific

A number of institutional investors have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in Louisiana-Pacific during the 4th quarter worth $35,000. UMB Bank n.a. raised its position in shares of 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 buying an additional 242 shares during the last quarter. First Horizon Advisors Inc. raised its position in shares of 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 buying an additional 259 shares during the last quarter. GeoWealth Management LLC raised its position in shares of 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 buying an additional 865 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of 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 buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.