Q3 EPS Estimates for Louisiana-Pacific Raised by DA Davidson

Louisiana-Pacific Co. (NYSE:LPX) – Equities research analysts at DA Davidson increased their Q3 2024 earnings estimates for shares of Louisiana-Pacific in a report released on Thursday, October 24th. DA Davidson analyst K. Yinger now forecasts that the building manufacturing company will post earnings of $0.94 per share for the quarter, up from their prior estimate of $0.88. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.04 per share.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The business had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The firm’s quarterly revenue was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.55 earnings per share.

A number of other brokerages have also commented on LPX. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research note on Thursday, August 8th. Bank of America lifted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research report on Thursday, September 12th. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, August 8th. Truist Financial lifted their price objective on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Finally, StockNews.com raised Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $93.56.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $100.77 on Monday. The company has a market cap of $7.08 billion, a price-to-earnings ratio of 16.39, a P/E/G ratio of 4.63 and a beta of 1.88. The business’s fifty day simple moving average is $100.79 and its two-hundred day simple moving average is $91.54. Louisiana-Pacific has a 12 month low of $49.47 and a 12 month high of $109.73. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC lifted its position in Louisiana-Pacific by 48,193.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after buying an additional 161,931 shares during the last quarter. State of Michigan Retirement System boosted its stake in shares of Louisiana-Pacific by 2.6% during the 1st quarter. State of Michigan Retirement System now owns 15,758 shares of the building manufacturing company’s stock worth $1,322,000 after purchasing an additional 400 shares during the period. First Trust Direct Indexing L.P. purchased a new position in shares of Louisiana-Pacific during the 1st quarter worth about $232,000. Van ECK Associates Corp grew its holdings in Louisiana-Pacific by 43.1% during the 1st quarter. Van ECK Associates Corp now owns 25,418 shares of the building manufacturing company’s stock valued at $2,133,000 after purchasing an additional 7,651 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in shares of Louisiana-Pacific by 0.3% during the first quarter. Retirement Systems of Alabama now owns 80,596 shares of the building manufacturing company’s stock valued at $6,763,000 after buying an additional 220 shares during the period. Institutional investors own 94.73% of the company’s stock.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Louisiana-Pacific news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now directly owns 29,008 shares in the company, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock worth $3,368,774 over the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Tuesday, August 20th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 16.91%.

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.