Louisiana-Pacific Co. (NYSE:LPX) Receives Average Recommendation of “Hold” from Analysts

Shares of Louisiana-Pacific Co. (NYSE:LPX) have received an average recommendation of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $111.50.

Several research analysts have recently issued reports on LPX shares. BMO Capital Markets raised their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. TD Securities reduced their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada restated an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Truist Financial increased their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, DA Davidson decreased their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $91.67 on Tuesday. The company has a market cap of $6.39 billion, a PE ratio of 15.59, a PEG ratio of 1.24 and a beta of 2.02. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 1 year low of $71.39 and a 1 year high of $122.87. The company’s 50-day moving average is $103.96 and its two-hundred day moving average is $106.50.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million for the quarter, compared to analyst estimates of $666.75 million. During the same period in the prior year, the business posted $0.71 earnings per share. Louisiana-Pacific’s revenue was up 3.5% compared to the same quarter last year. Equities analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.22%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is 19.05%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. boosted its position in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after buying an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific in the 4th quarter valued at approximately $35,000. Versant Capital Management Inc boosted its position in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after acquiring an additional 201 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its holdings in shares of Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock valued at $61,000 after purchasing an additional 232 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.