Seaport Res Ptn Research Analysts Increase Earnings Estimates for Louisiana-Pacific Co. (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX - Free Report) - Seaport Res Ptn lifted their Q2 2024 earnings per share estimates for shares of Louisiana-Pacific in a research report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now forecasts that the building manufacturing company will earn $1.80 per share for the quarter, up from their prior estimate of $1.02. The consensus estimate for Louisiana-Pacific's current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific's FY2024 earnings at $4.80 EPS.

Several other brokerages have also recently weighed in on LPX. DA Davidson reissued a "buy" rating and issued a $76.00 price objective on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. Truist Financial lifted their target price on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a "buy" rating in a research report on Thursday, January 4th. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an "outperform" rating in a research note on Thursday, February 15th. TD Cowen reissued a "hold" rating and set a $75.00 price objective on shares of Louisiana-Pacific in a report on Thursday, January 11th. Finally, TheStreet lowered shares of Louisiana-Pacific from a "b-" rating to a "c+" rating in a research report on Thursday, February 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $73.71.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock traded down $0.73 during midday trading on Thursday, reaching $72.02. 764,570 shares of the company's stock were exchanged, compared to its average volume of 878,953. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. Louisiana-Pacific has a 52 week low of $49.47 and a 52 week high of $84.54. The stock's 50-day simple moving average is $76.10 and its 200 day simple moving average is $67.11. The firm has a market cap of $5.21 billion, a price-to-earnings ratio of 29.40 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. During the same period last year, the company earned $0.61 EPS. The firm's revenue was down 6.7% on a year-over-year basis.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LPX. Capula Management Ltd purchased a new position in shares of Louisiana-Pacific in the 3rd quarter worth approximately $485,000. Arlington Trust Co LLC purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth about $1,062,000. First Eagle Investment Management LLC lifted its holdings in Louisiana-Pacific by 35.7% in the third quarter. First Eagle Investment Management LLC now owns 195,718 shares of the building manufacturing company's stock worth $10,817,000 after buying an additional 51,461 shares during the period. Caxton Associates LP increased its stake in shares of Louisiana-Pacific by 222.1% during the third quarter. Caxton Associates LP now owns 14,656 shares of the building manufacturing company's stock valued at $810,000 after purchasing an additional 10,106 shares in the last quarter. Finally, Teza Capital Management LLC bought a new stake in shares of Louisiana-Pacific during the third quarter valued at approximately $288,000. 94.73% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.26% of the stock is currently owned by company insiders.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were issued a dividend of $0.26 per share. This is a positive change from Louisiana-Pacific's previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.44%. Louisiana-Pacific's dividend payout ratio is currently 42.45%.

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.