Brokers Set Expectations for Louisiana-Pacific Co.'s Q4 2024 Earnings (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX - Free Report) - Analysts at Seaport Res Ptn boosted their Q4 2024 earnings per share (EPS) estimates for shares of Louisiana-Pacific in a research report issued on Thursday, May 9th. Seaport Res Ptn analyst M. Weintraub now forecasts that the building manufacturing company will post earnings of $0.90 per share for the quarter, up from their previous estimate of $0.80. Seaport Res Ptn has a "Neutral" rating 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. BMO Capital Markets upped their price objective on Louisiana-Pacific from $83.00 to $99.00 and gave the company an "outperform" rating in a report on Thursday. TD Securities upped their price target on Louisiana-Pacific from $87.00 to $90.00 and gave the company a "hold" rating in a research note on Thursday. DA Davidson raised their price objective on Louisiana-Pacific from $90.00 to $98.00 and gave the stock a "buy" rating in a research report on Thursday. Loop Capital initiated coverage on shares of Louisiana-Pacific in a research report on Friday, May 3rd. They issued a "hold" rating and a $82.00 target price on the stock. Finally, Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $88.00 to $105.00 and gave the stock an "outperform" rating in a research note on Thursday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.89.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock traded up $0.28 during mid-day trading on Friday, reaching $87.25. 1,186,248 shares of the stock traded hands, compared to its average volume of 934,353. Louisiana-Pacific has a fifty-two week low of $49.47 and a fifty-two week high of $88.40. The stock has a market capitalization of $6.31 billion, a PE ratio of 35.49 and a beta of 1.87. The business has a 50-day moving average of $77.67 and a 200 day moving average of $69.39. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last announced its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.40. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The business had revenue of $724.00 million during the quarter, compared to analysts' expectations of $686.84 million. During the same quarter in the prior year, the firm earned $0.34 earnings per share. The business's revenue was up 24.0% compared to the same quarter last year.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Jade Capital Advisors LLC acquired a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $2,517,000. Chesapeake Capital Corp IL acquired a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $1,029,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Louisiana-Pacific by 16.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company's stock valued at $3,914,000 after purchasing an additional 6,533 shares during the period. Entropy Technologies LP acquired a new position in shares of Louisiana-Pacific in the first quarter valued at approximately $334,000. Finally, Barings LLC acquired a new position in Louisiana-Pacific during the first quarter worth $2,009,000. Hedge funds and other institutional investors own 94.73% of the company's stock.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific 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 transaction, the director now owns 25,995 shares in the company, valued at approximately $2,016,692.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.53% of the company's stock.

Louisiana-Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, May 21st. 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.