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 brokerages have recently weighed in on LPX. The Goldman Sachs Group decreased their target price on shares of Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating for the company in a research note on Thursday, June 23rd. Truist Financial initiated coverage on Louisiana-Pacific in a report on Wednesday, June 29th. They set a "hold" rating and a $57.00 price target for the company. Bank of America cut shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 price objective on the stock. in a research note on Thursday, June 23rd. TD Securities reduced their target price on shares of Louisiana-Pacific from $80.00 to $75.00 and set a "buy" rating for the company in a research note on Wednesday, August 10th. Finally, DA Davidson lifted their target price on shares of Louisiana-Pacific to $70.00 in a report on Monday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Louisiana-Pacific presently has a consensus rating of "Hold" and a consensus target price of $69.33.

Louisiana-Pacific Price Performance

Shares of LPX traded up $1.47 during trading hours on Tuesday, reaching $61.20. The company had a trading volume of 1,331,799 shares, compared to its average volume of 1,251,025. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 3.73 and a beta of 1.65. Louisiana-Pacific has a 12-month low of $49.98 and a 12-month high of $79.77. The firm has a 50 day simple moving average of $58.57 and a 200-day simple moving average of $64.26. The company has a current ratio of 2.60, a quick ratio of 1.94 and a debt-to-equity ratio of 0.23.

Louisiana-Pacific (NYSE:LPX - Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The building manufacturing company reported $4.19 EPS for the quarter, missing the consensus estimate of $4.38 by ($0.19). Louisiana-Pacific had a return on equity of 94.18% and a net margin of 30.50%. The firm had revenue of $1.13 billion for the quarter, compared to analysts' expectations of $1.26 billion. During the same period last year, the firm earned $4.74 EPS. Louisiana-Pacific's revenue was down 3.3% compared to the same quarter last year. Research analysts expect that Louisiana-Pacific will post 12.87 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date is Wednesday, August 17th. Louisiana-Pacific's dividend payout ratio (DPR) is presently 5.37%.