Louisiana-Pacific Corporation (NYSE:LPX) Receives Average Recommendation of "Hold" from Brokerages

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 assigned an average rating of "Hold" from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $106.1250.

LPX has been the subject of several recent analyst reports. Loop Capital upgraded shares of Louisiana-Pacific from a "hold" rating to a "buy" rating and set a $110.00 price objective for the company in a research note on Wednesday, May 7th. 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. Wall Street Zen lowered shares of Louisiana-Pacific from a "hold" rating to a "sell" rating in a research note on Sunday, August 3rd. Truist Financial cut their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating on the stock in a research note on Friday, July 11th. Finally, Royal Bank Of Canada upped their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th.

Louisiana-Pacific Stock Down 1.1%

Shares of NYSE LPX traded down $1.04 during trading hours on Friday, hitting $96.30. 882,490 shares of the stock were exchanged, compared to its average volume of 1,050,195. 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 company has a market cap of $6.71 billion, a PE ratio of 22.71, a PEG ratio of 2.17 and a beta of 1.80. The firm has a fifty day moving average price of $91.69 and a 200-day moving average price of $92.24. Louisiana-Pacific has a 12 month low of $78.82 and a 12 month high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm had revenue of $755.00 million during 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%. Louisiana-Pacific's 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, sell-side analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be paid a dividend of $0.28 per share. 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 dividend payout ratio is presently 26.42%.

Insider Buying and Selling

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

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chung Wu Investment Group LLC acquired a new stake in shares of Louisiana-Pacific in the second quarter worth $26,000. North Ridge Wealth Advisors Inc. acquired a new stake in shares of Louisiana-Pacific in the second quarter worth $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Louisiana-Pacific in the second quarter worth $34,000. RMG Wealth Management LLC acquired a new stake in shares of Louisiana-Pacific in the second quarter worth $44,000. Finally, UMB Bank n.a. increased its stake in shares of Louisiana-Pacific by 76.1% in the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after acquiring an additional 242 shares during the period. 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.