Seaport Res Ptn Weighs in on Louisiana-Pacific Co.’s Q1 2024 Earnings (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Analysts at Seaport Res Ptn boosted their Q1 2024 EPS estimates for shares of Louisiana-Pacific in a research report issued on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now expects that the building manufacturing company will post earnings of $1.13 per share for the quarter, up from their prior forecast of $1.00. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q3 2024 earnings at $1.07 EPS and Q4 2024 earnings at $0.80 EPS.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.17. The company had revenue of $658.00 million for the quarter, compared to analysts’ expectations of $618.60 million. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. Louisiana-Pacific’s revenue was down 6.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.61 EPS.

Other equities analysts have also recently issued reports about the stock. TD Securities boosted their price objective on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. Truist Financial boosted their price objective on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Thursday, January 4th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Thursday, February 15th. TD Cowen restated a “hold” rating and issued a $75.00 target price on shares of Louisiana-Pacific in a report on Thursday, January 11th. Finally, DA Davidson reiterated a “buy” rating and set a $76.00 price objective on shares of Louisiana-Pacific in a report on Tuesday, February 13th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $73.71.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $72.76 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.54 and a current ratio of 3.00. The stock has a market capitalization of $5.26 billion, a P/E ratio of 29.70 and a beta of 1.84. The company’s fifty day moving average is $76.05 and its two-hundred day moving average is $67.08. Louisiana-Pacific has a 1 year low of $49.47 and a 1 year high of $84.54.

Louisiana-Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.26 dividend. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 annualized dividend and a yield of 1.43%. Louisiana-Pacific’s dividend payout ratio (DPR) is 42.45%.

Insider Activity

In other news, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the completion of the transaction, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Large investors have recently added to or reduced their stakes in the company. Zions Bancorporation N.A. bought a new position in Louisiana-Pacific during the first quarter worth $25,000. Larson Financial Group LLC acquired a new position in shares of Louisiana-Pacific during the third quarter valued at $37,000. Signaturefd LLC increased its holdings in shares of Louisiana-Pacific by 232.9% during the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock valued at $56,000 after purchasing an additional 552 shares during the period. Atlas Capital Advisors LLC acquired a new position in shares of Louisiana-Pacific during the 2nd quarter valued at $42,000. Finally, State of Wyoming acquired a new stake in shares of Louisiana-Pacific in the fourth quarter valued at $49,000. 94.73% of the stock is currently owned by institutional investors.

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.