Louisiana-Pacific Corporation (NYSE:LPX) Receives $110.57 Average Price Target from Brokerages

Key Points

• Louisiana-Pacific Corporation (NYSE:LPX) has received an average recommendation of "Hold" from seven analysts, with one sell, two hold, and four buy ratings.
• The company recently reported quarterly earnings of $0.99 per share, surpassing analyst estimates, but its revenue decreased 7.2% year-over-year.
• Louisiana-Pacific declared a quarterly dividend of $0.28 per share, which yields approximately 1.2% annually, while maintaining a dividend payout ratio of 26.42%.

Shares of Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) have been assigned an average recommendation of "Hold" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $110.5714.

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Truist Financial lowered their target price on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a report on Friday, July 11th. Finally, DA Davidson reduced their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a research note on Wednesday, June 25th.

Louisiana-Pacific Stock Down 3.0%

Shares of NYSE LPX traded down $2.69 during mid-day trading on Tuesday, reaching $88.25. The company had a trading volume of 1,442,052 shares, compared to its average volume of 733,017. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a 50 day simple moving average of $93.40 and a two-hundred day simple moving average of $91.06. The stock has a market cap of $6.15 billion, a P/E ratio of 20.81, a PEG ratio of 2.03 and a beta of 1.84. Louisiana-Pacific has a 52-week low of $78.82 and a 52-week high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. The firm had revenue of $755.00 million for the quarter, compared to the consensus estimate of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The company's revenue was down 7.2% on a year-over-year basis. During the same period last year, the firm posted $2.09 EPS. Sell-side analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.28 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.12 annualized dividend and a dividend yield of 1.3%. Louisiana-Pacific's dividend payout ratio (DPR) is 26.42%.

Insider Activity at Louisiana-Pacific

In related news, Director Ozey K. Horton, Jr. sold 500 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the sale, the director owned 29,728 shares in the company, valued at $3,002,528. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.42% of the stock is owned by company insiders.

Hedge Funds Weigh In On Louisiana-Pacific

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPX. CWM LLC raised its position in shares of Louisiana-Pacific by 4.1% in the first quarter. CWM LLC now owns 2,919 shares of the building manufacturing company's stock valued at $268,000 after buying an additional 115 shares during the last quarter. Xponance Inc. grew its holdings in Louisiana-Pacific by 1.1% in the first quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company's stock valued at $1,046,000 after purchasing an additional 127 shares during the period. Kingswood Wealth Advisors LLC lifted its holdings in shares of Louisiana-Pacific by 3.1% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 4,658 shares of the building manufacturing company's stock valued at $425,000 after acquiring an additional 140 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in shares of Louisiana-Pacific by 2.4% during the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company's stock valued at $568,000 after acquiring an additional 156 shares in the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Louisiana-Pacific by 2.2% during the 1st quarter. Advisors Asset Management Inc. now owns 7,962 shares of the building manufacturing company's stock valued at $732,000 after acquiring an additional 170 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

About Louisiana-Pacific

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.