Louisiana-Pacific - LPX Stock Forecast, Price & News

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America. 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. The OSB segment manufactures and distributes OSB structural panel products comprising LP TechShield radiant barriers, LP WeatherLogic air and water barriers, LP Legacy premium sub-flooring products, LP FlameBlock fire-rated sheathing products, and LP TopNotch sub-flooring products. The EWP segment provides laminated veneer lumber and other related products; and LP SolidStart I-joists, which are primarily used in residential and commercial floorings, roofing systems, and other structural applications. The South America segment manufactures and distributes OSB structural panel and siding products. This segment also distributes and sells related products for the region's transition to wood frame construction. It also offers timber and timberlands and other products and services. The company sells its products primarily to retailers, wholesalers, and homebuilding and industrial businesses in North America and South America, Asia, Australia, and Europe. Louisiana-Pacific Corporation was incorporated in 1972 and is headquartered in Nashville, Tennessee.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LPX. TD Securities lowered their target price on Louisiana-Pacific from $80.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday. Bank of America cut Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 price target for the company. in a research note on Thursday, June 23rd. The Goldman Sachs Group lowered their price target on Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. Finally, Truist Financial began coverage on Louisiana-Pacific in a research note on Wednesday, June 29th. They issued a "hold" rating and a $57.00 price target for the company. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $69.20.

Louisiana-Pacific Stock Performance

LPX traded down $0.07 on Wednesday, hitting $57.47. The company had a trading volume of 1,699,556 shares, compared to its average volume of 1,247,130. The company's fifty day moving average price is $59.79 and its 200 day moving average price is $64.45. Louisiana-Pacific has a 1-year low of $49.98 and a 1-year high of $79.77. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 2.09. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of 3.47 and a beta of 1.65.

Louisiana-Pacific (NYSE:LPX - Get Rating) last posted its earnings results on Tuesday, August 9th. The building manufacturing company reported $4.19 earnings per share for the quarter, missing the consensus estimate of $4.38 by ($0.19). Louisiana-Pacific had a return on equity of 105.01% and a net margin of 31.62%. The company had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter last year, the firm posted $4.74 earnings per share. The firm's revenue for the quarter was down 3.3% compared to the same quarter last year. Equities analysts predict that Louisiana-Pacific will post 13.93 earnings per share for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be issued a $0.22 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $0.88 annualized dividend and a yield of 1.53%. Louisiana-Pacific's dividend payout ratio (DPR) is currently 5.31%.