Louisiana-Pacific Corporation (NYSE:LPX) Receives Average Rating of "Hold" from Analysts

Key Points

• Louisiana-Pacific Corporation (NYSE:LPX) has received an average analyst rating of "Hold," with two sell, two hold, and four buy ratings among the eight analysts covering the stock.
• The company achieved a quarterly earnings per share of $0.99, exceeding the consensus estimate, but experienced a 7.2% decline in revenue year-over-year.
• Louisiana-Pacific announced a quarterly dividend of $0.28, resulting in an annualized yield of 1.2% and a payout ratio of 26.42%.

Shares of Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) have been given an average rating of "Hold" by the eight analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $106.1250.

A number of research analysts have commented on the company. Loop Capital upgraded Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective on the stock in a research note on Wednesday, May 7th. Wall Street Zen lowered Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd. Royal Bank Of Canada boosted their price target on Louisiana-Pacific from $114.00 to $115.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Truist Financial reduced their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research report on Friday, July 11th. Finally, DA Davidson reduced their target price on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating on the stock in a research report on Wednesday, June 25th.

Louisiana-Pacific Trading Down 0.3%

Shares of LPX stock opened at $92.5080 on Friday. The company has a quick ratio of 1.67, a current ratio of 2.84 and a debt-to-equity ratio of 0.20. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 21.82, a price-to-earnings-growth ratio of 2.07 and a beta of 1.80. The firm's 50 day moving average price is $90.83 and its two-hundred day moving average price is $92.76. Louisiana-Pacific has a fifty-two week low of $78.82 and a fifty-two 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 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $755.00 million for the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a net margin of 10.34% and a return on equity of 18.67%. The business's quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.09 EPS. On average, analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.28 dividend. The ex-dividend date is Friday, August 15th. This represents a $1.12 dividend on an annualized basis and a yield of 1.2%. Louisiana-Pacific's payout ratio is currently 26.42%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 1,179 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total value of $105,544.08. Following the transaction, the director owned 18,838 shares in the company, valued at $1,686,377.76. The trade was a 5.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ozey K. Horton, Jr. sold 500 shares of the business's stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the completion of the transaction, the director owned 29,728 shares in the company, valued at approximately $3,002,528. This trade represents a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.42% of the company's stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors have recently made changes to their positions in LPX. Valeo Financial Advisors LLC raised its position in shares of Louisiana-Pacific by 33,243.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company's stock valued at $222,610,000 after purchasing an additional 2,581,023 shares in the last quarter. Eminence Capital LP raised its holdings in Louisiana-Pacific by 72.3% in the second quarter. Eminence Capital LP now owns 2,887,438 shares of the building manufacturing company's stock valued at $248,291,000 after acquiring an additional 1,211,495 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company's stock valued at $92,299,000 after acquiring an additional 842,809 shares in the last quarter. Norges Bank acquired a new stake in Louisiana-Pacific in the second quarter valued at $72,299,000. Finally, 59 North Capital Management LP raised its holdings in Louisiana-Pacific by 32.1% in the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company's stock valued at $240,863,000 after acquiring an additional 635,817 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

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.

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