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

Key Points

• Louisiana-Pacific Corporation has received a consensus recommendation of "Hold" from eight research firms, with a target price averaging $110.57.
• In its latest earnings report, the company reported $0.99 EPS, beating estimates, although revenue declined 7.2% year-over-year.
• Director Ozey K. Horton, Jr. sold 500 shares at an average price of $101.00, reducing his position by 1.65% while retaining holdings valued at approximately $3 million.

Louisiana-Pacific Corporation (NYSE:LPX - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $110.5714.

Several equities analysts have recently issued reports on LPX shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Louisiana-Pacific in a research report on Wednesday. Truist Financial lowered their price target on Louisiana-Pacific from $111.00 to $108.00 and set a "buy" rating for the company in a research report on Friday, July 11th. DA Davidson reaffirmed a "buy" rating and issued a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, September 25th. Finally, Wall Street Zen lowered Louisiana-Pacific from a "hold" rating to a "sell" rating in a research report on Sunday, August 3rd.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 500 shares of Louisiana-Pacific 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 of the company's stock, valued at $3,002,528. The trade was a 1.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.42% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently bought and sold shares of LPX. Chung Wu Investment Group LLC bought a new stake in Louisiana-Pacific in the 2nd quarter worth about $26,000. North Ridge Wealth Advisors Inc. bought a new stake in Louisiana-Pacific in the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in Louisiana-Pacific in the 2nd quarter worth about $34,000. RMG Wealth Management LLC bought a new stake in Louisiana-Pacific in the 2nd quarter worth about $44,000. Finally, UMB Bank n.a. increased its holdings in Louisiana-Pacific by 76.1% in the 1st quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company's stock worth $52,000 after buying an additional 242 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Stock Performance

Shares of Louisiana-Pacific stock opened at $88.87 on Friday. 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 market capitalization of $6.19 billion, a P/E ratio of 20.96, a P/E/G ratio of 2.07 and a beta of 1.80. The business has a fifty day simple moving average of $93.05 and a two-hundred day simple moving average of $90.55. 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 announced its quarterly earnings data on Wednesday, August 6th. The building manufacturing company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The company's revenue for the quarter was down 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. On average, equities analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

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

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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