Louisiana-Pacific Co. (NYSE:LPX) Receives Average Recommendation of "Moderate Buy" from Analysts

Louisiana-Pacific Co. (NYSE:LPX - Get Free Report) has received a consensus rating of "Moderate Buy" from the six research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $73.71.

Several brokerages have commented on LPX. Royal Bank of Canada raised their price target on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an "outperform" rating in a research report on Thursday, February 15th. TheStreet cut Louisiana-Pacific from a "b-" rating to a "c+" rating in a research note on Thursday, February 29th. TD Cowen reaffirmed a "hold" rating and issued a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. The Goldman Sachs Group lifted their price objective on Louisiana-Pacific from $57.00 to $64.00 and gave the company a "neutral" rating in a research note on Thursday, December 14th. Finally, Truist Financial upped their target price on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a "buy" rating in a research note on Thursday, January 4th.

Louisiana-Pacific Trading Up 1.2 %

Shares of LPX stock traded up $0.96 on Tuesday, hitting $79.78. The stock had a trading volume of 791,637 shares, compared to its average volume of 874,622. The company's 50 day moving average price is $74.93 and its 200-day moving average price is $66.31. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $84.54. 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 firm has a market capitalization of $5.77 billion, a P/E ratio of 32.56 and a beta of 1.84.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (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 company had revenue of $658.00 million for the quarter, compared to analyst estimates of $618.60 million. During the same period in the prior year, the firm earned $0.61 earnings per share. The business's revenue for the quarter was down 6.7% compared to the same quarter last year. Analysts anticipate that Louisiana-Pacific will post 3.85 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.30%. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific's dividend payout ratio is 42.45%.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the company's stock in a transaction on Friday, March 15th. The shares were 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 $2,016,692.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.53% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James & Associates increased its holdings in shares of Louisiana-Pacific by 4.1% in the 1st quarter. Raymond James & Associates now owns 47,998 shares of the building manufacturing company's stock valued at $2,982,000 after acquiring an additional 1,898 shares during the period. Raymond James Financial Services Advisors Inc. increased its stake in Louisiana-Pacific by 116.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 28,113 shares of the building manufacturing company's stock valued at $1,746,000 after purchasing an additional 15,115 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 50.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 9,505 shares of the building manufacturing company's stock valued at $590,000 after buying an additional 3,179 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of Louisiana-Pacific by 34.1% during the first quarter. MetLife Investment Management LLC now owns 57,184 shares of the building manufacturing company's stock worth $3,552,000 after buying an additional 14,544 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in shares of Louisiana-Pacific by 33.0% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 38,787 shares of the building manufacturing company's stock worth $2,409,000 after buying an additional 9,615 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company's stock.

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.