Louisiana-Pacific Corporation (NYSE:LPX) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) have been assigned an average rating of "Moderate Buy" from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $94.00.

A number of brokerages recently issued reports on LPX. Oppenheimer cut their price objective on Louisiana-Pacific from $115.00 to $107.00 and set an "outperform" rating for the company in a research note on Thursday, May 7th. Truist Financial lowered their price target on shares of Louisiana-Pacific from $91.00 to $89.00 and set a "buy" rating on the stock in a report on Thursday. DA Davidson dropped their price target on shares of Louisiana-Pacific from $103.00 to $99.00 and set a "buy" rating for the company in a research report on Wednesday. Bank of America increased their price objective on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the stock a "buy" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings upgraded shares of Louisiana-Pacific from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, May 8th.

Louisiana-Pacific Trading Down 1.9%

Shares of LPX stock opened at $75.88 on Friday. Louisiana-Pacific has a 1 year low of $66.12 and a 1 year high of $102.86. The firm has a fifty day moving average price of $75.13 and a 200-day moving average price of $77.69. The company has a debt-to-equity ratio of 0.20, a current ratio of 3.22 and a quick ratio of 1.48. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 96.06, a PEG ratio of 2.52 and a beta of 1.62.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.54 by ($0.14). The company had revenue of $665.00 million during the quarter, compared to the consensus estimate of $667.31 million. Louisiana-Pacific had a return on equity of 4.67% and a net margin of 2.19%.Louisiana-Pacific's revenue for the quarter was down 12.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.99 earnings per share. As a group, equities analysts predict that Louisiana-Pacific will post 1.86 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Louisiana-Pacific's payout ratio is presently 101.69%.

More Louisiana-Pacific News

Here are the key news stories impacting Louisiana-Pacific this week:

• Positive Sentiment: DA Davidson maintained a Buy rating while lowering its price target from $103 to $99, implying approximately 30.5% upside from $75.88. Benzinga analyst note
• Positive Sentiment: Truist Financial also retained a Buy rating, reducing its target from $91 to $89, representing roughly 17.3% potential upside. Benzinga analyst note
• Positive Sentiment: Barclays kept an Overweight rating and trimmed its target from $93 to $92, still indicating approximately 21.2% upside. Benzinga analyst note
• Neutral Sentiment: Analyst target reductions suggest estimates are being reset lower, although the continued positive ratings indicate that analysts believe LPX’s valuation and longer-term prospects may support a recovery.
• Negative Sentiment: Louisiana-Pacific reported second-quarter EPS of $0.40, below consensus estimates of $0.53-$0.58 and down from $0.99 a year earlier. Revenue of $665 million was close to estimates of $667.3 million but declined 12.1% year over year. Q2 earnings report
• Negative Sentiment: Management’s updated outlook is particularly weak: third-quarter revenue guidance of $460 million-$470 million is far below the $684.3 million consensus, while full-year revenue guidance of about $1.7 billion trails the $2.6 billion estimate. The lack of stated EPS guidance adds uncertainty. Q2 earnings call transcript
• Negative Sentiment: Goldman Sachs raised its target from $66 to $74 but maintained a Sell rating, putting its target slightly below the referenced share price. Benzinga analyst note

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc lifted its stake in Louisiana-Pacific by 27.3% in the 2nd quarter. Versant Capital Management Inc now owns 630 shares of the building manufacturing company's stock worth $50,000 after purchasing an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Louisiana-Pacific by 26.0% in the first quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company's stock valued at $50,000 after purchasing an additional 143 shares in the last quarter. Valeo Financial Advisors LLC increased its holdings in shares of Louisiana-Pacific by 1.6% in the second quarter. Valeo Financial Advisors LLC now owns 9,225 shares of the building manufacturing company's stock valued at $726,000 after purchasing an additional 147 shares during the last quarter. WINTON GROUP Ltd increased its holdings in shares of Louisiana-Pacific by 2.7% in the third quarter. WINTON GROUP Ltd now owns 6,877 shares of the building manufacturing company's stock valued at $611,000 after purchasing an additional 183 shares during the last quarter. Finally, Tidal Investments LLC lifted its position in Louisiana-Pacific by 1.2% during the second quarter. Tidal Investments LLC now owns 21,339 shares of the building manufacturing company's stock worth $1,835,000 after buying an additional 247 shares in the last quarter. Institutional investors own 94.73% of the company's stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation NYSE: LPX is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.

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