Louisiana-Pacific Corporation (NYSE:LPX) Receives $106.13 Consensus Target Price from Brokerages

Key Points

• Louisiana-Pacific Corporation has received an average analyst recommendation of "Hold," with two analysts rating it a sell, four a buy, and the remainder a hold.
• The company reported $1.27 EPS for the last quarter, surpassing expectations of $1.13, and had a revenue of $724 million, which is above the consensus estimate.
• Louisiana-Pacific announced a $0.28 quarterly dividend, reflecting an annual yield of 1.25%, and maintains a payout ratio of 19.65%.

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) has earned an average recommendation of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $106.13.

Several equities analysts have recently weighed in on the company. Royal Bank Of Canada raised 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. Wall Street Zen upgraded Louisiana-Pacific from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. DA Davidson reduced their price target on Louisiana-Pacific from $123.00 to $117.00 and set a "buy" rating for the company in a report on Wednesday, June 25th. 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 report on Wednesday, May 7th. Finally, Truist Financial dropped their price target on shares of Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 11th.

Insider Transactions at Louisiana-Pacific

In related 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.42% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Louisiana-Pacific

Several institutional investors have recently made changes to their positions in LPX. Vanguard Group Inc. raised its holdings in shares of Louisiana-Pacific by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company's stock worth $733,961,000 after acquiring an additional 132,891 shares during the last quarter. FMR LLC raised its holdings in shares of Louisiana-Pacific by 17.1% in the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company's stock worth $384,031,000 after acquiring an additional 540,703 shares during the last quarter. 59 North Capital Management LP raised its holdings in shares of Louisiana-Pacific by 32.1% in the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company's stock worth $240,863,000 after acquiring an additional 635,817 shares during the last quarter. Valeo Financial Advisors LLC raised its holdings 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 worth $222,610,000 after acquiring an additional 2,581,023 shares during the last quarter. Finally, Eminence Capital LP raised its holdings in shares of Louisiana-Pacific by 16.0% in the 1st quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company's stock worth $154,153,000 after acquiring an additional 230,837 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Louisiana-Pacific Trading Down 0.5%

Shares of LPX stock traded down $0.50 during trading hours on Monday, reaching $90.32. The company had a trading volume of 229,379 shares, compared to its average volume of 710,018. The company has a 50 day moving average of $89.80 and a 200 day moving average of $95.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.03 and a quick ratio of 1.59. The firm has a market cap of $6.29 billion, a price-to-earnings ratio of 15.83, a P/E/G ratio of 1.54 and a beta of 1.84. Louisiana-Pacific has a 1-year low of $78.82 and a 1-year high of $122.87.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last released its earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million during the quarter, compared to analysts' expectations of $711.66 million. Louisiana-Pacific had a return on equity of 23.75% and a net margin of 13.74%. The company's revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.53 EPS. On average, equities research analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were paid a $0.28 dividend. The ex-dividend date of this dividend was Tuesday, May 20th. This represents a $1.12 annualized dividend and a dividend yield of 1.24%. Louisiana-Pacific's dividend payout ratio is 19.65%.

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.