Louisiana-Pacific (NYSE:LPX) Announces Quarterly Earnings Results

Louisiana-Pacific (NYSE:LPX – Get Rating) announced its quarterly earnings data on Tuesday. The building manufacturing company reported $5.08 earnings per share for the quarter, beating the consensus estimate of $4.63 by $0.45, MarketWatch Earnings reports. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.26 billion. Louisiana-Pacific had a return on equity of 100.29% and a net margin of 30.24%. Louisiana-Pacific’s revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the company earned $3.01 earnings per share.

Shares of NYSE:LPX opened at $77.90 on Thursday. The company has a current ratio of 2.54, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28. The company has a fifty day simple moving average of $65.73 and a 200 day simple moving average of $68.38. Louisiana-Pacific has a 12-month low of $50.12 and a 12-month high of $79.77. The firm has a market cap of $6.70 billion, a PE ratio of 4.70 and a beta of 1.54.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, May 11th. This represents a $0.88 dividend on an annualized basis and a yield of 1.13%. Louisiana-Pacific’s dividend payout ratio (DPR) is 5.31%.

A number of research firms have weighed in on LPX. StockNews.com began coverage on Louisiana-Pacific in a research report on Thursday, March 31st. They set a “hold” rating on the stock. TD Securities raised their price objective on Louisiana-Pacific from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Wednesday. Zacks Investment Research cut Louisiana-Pacific from a “buy” rating to a “hold” rating and set a $70.00 price objective on the stock. in a research note on Friday, April 29th. DA Davidson restated a “buy” rating on shares of Louisiana-Pacific in a report on Wednesday, February 23rd. Finally, The Goldman Sachs Group upgraded Louisiana-Pacific from a “sell” rating to a “neutral” rating and upped their target price for the company from $59.00 to $84.00 in a report on Friday, January 21st. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Louisiana-Pacific presently has a consensus rating of “Buy” and an average price target of $84.20.

A number of hedge funds and other institutional investors have recently bought and sold shares of LPX. Deutsche Bank AG raised its position in Louisiana-Pacific by 808.9% in the 4th quarter. Deutsche Bank AG now owns 261,935 shares of the building manufacturing company’s stock valued at $20,523,000 after purchasing an additional 233,117 shares during the last quarter. Parametric Portfolio Associates LLC lifted its holdings in shares of Louisiana-Pacific by 32.1% during the 4th quarter. Parametric Portfolio Associates LLC now owns 260,147 shares of the building manufacturing company’s stock worth $20,382,000 after acquiring an additional 63,210 shares during the period. Stifel Financial Corp increased its holdings in shares of Louisiana-Pacific by 138.1% during the fourth quarter. Stifel Financial Corp now owns 74,394 shares of the building manufacturing company’s stock worth $5,828,000 after buying an additional 43,151 shares in the last quarter. NewEdge Advisors LLC increased its holdings in shares of Louisiana-Pacific by 60.1% during the fourth quarter. NewEdge Advisors LLC now owns 49,777 shares of the building manufacturing company’s stock worth $3,900,000 after buying an additional 18,681 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in Louisiana-Pacific by 2.7% during the fourth quarter. Vident Investment Advisory LLC now owns 39,453 shares of the building manufacturing company’s stock valued at $3,092,000 after acquiring an additional 1,027 shares during the last quarter. Hedge funds and other institutional investors own 94.99% of the company’s stock.

About Louisiana-Pacific (Get Rating)

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.

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