FY2024 Earnings Estimate for Louisiana-Pacific Co. (NYSE:LPX) Issued By DA Davidson

Louisiana-Pacific Co. (NYSE:LPX - Free Report) - Analysts at DA Davidson upped their FY2024 earnings estimates for Louisiana-Pacific in a research report issued on Thursday, April 25th. DA Davidson analyst K. Yinger now anticipates that the building manufacturing company will post earnings of $5.39 per share for the year, up from their prior estimate of $3.71. DA Davidson currently has a "Buy" rating and a $76.00 target price on the stock. The consensus estimate for Louisiana-Pacific's current full-year earnings is $4.89 per share.

LPX has been the topic of a number of other reports. TD Cowen reaffirmed a "hold" rating and issued a $75.00 target price on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Truist Financial increased their price objective on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a "buy" rating in a research note on Thursday, January 4th. TheStreet downgraded shares of Louisiana-Pacific from a "b-" rating to a "c+" rating in a research report on Thursday, February 29th. TD Securities upped their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a "hold" rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada lifted their price target on Louisiana-Pacific from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Thursday, February 15th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Louisiana-Pacific has a consensus rating of "Hold" and an average price target of $73.71.

Louisiana-Pacific Stock Down 0.5 %

LPX traded down $0.41 on Monday, reaching $74.16. The company's stock had a trading volume of 728,899 shares, compared to its average volume of 882,421. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $84.54. The business's 50 day moving average is $76.73 and its 200 day moving average is $68.32. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.00 and a quick ratio of 1.54. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 30.27 and a beta of 1.84.

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

Institutional Trading of Louisiana-Pacific

A number of large investors have recently modified their holdings of the company. LifeSteps Financial Inc. acquired a new position in shares of Louisiana-Pacific during the first quarter valued at $25,000. Larson Financial Group LLC bought a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $37,000. Signaturefd LLC increased its stake in shares of Louisiana-Pacific by 232.9% during the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company's stock valued at $56,000 after acquiring an additional 552 shares during the period. Principal Securities Inc. bought a new stake in Louisiana-Pacific during the fourth quarter worth approximately $75,000. Finally, Kapitalo Investimentos Ltda acquired a new stake in Louisiana-Pacific in the fourth quarter worth approximately $92,000. Institutional investors and hedge funds own 94.73% of the company's stock.

Insiders Place Their Bets

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the sale, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.53% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were paid 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 annualized dividend and a yield of 1.40%. Louisiana-Pacific's dividend payout ratio is 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.