Seaport Res Ptn Research Analysts Lower Earnings Estimates for Louisiana-Pacific Co. (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPX) – Seaport Res Ptn dropped their Q2 2024 earnings per share (EPS) estimates for Louisiana-Pacific in a research report issued to clients and investors on Tuesday, May 7th. Seaport Res Ptn analyst M. Weintraub now expects that the building manufacturing company will earn $1.65 per share for the quarter, down from their previous forecast of $1.80. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $4.89 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q3 2024 earnings at $1.02 EPS and FY2024 earnings at $4.60 EPS.

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

Other equities analysts also recently issued reports about the company. Loop Capital started coverage on Louisiana-Pacific in a report on Friday, May 3rd. They set a “hold” rating and a $82.00 price target for the company. TD Cowen reaffirmed a “hold” rating and issued a $75.00 target price on shares of Louisiana-Pacific in a report on Thursday, January 11th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, February 15th. DA Davidson reissued a “buy” rating and set a $76.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. Finally, TheStreet cut Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $74.75.

Louisiana-Pacific Stock Up 20.8 %

LPX stock opened at $88.12 on Thursday. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. The business has a 50 day moving average of $77.41 and a 200 day moving average of $69.26. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $88.16. The firm has a market cap of $6.37 billion, a PE ratio of 35.97 and a beta of 1.87.

Hedge Funds Weigh In On Louisiana-Pacific

Institutional investors have recently made changes to their positions in the business. LifeSteps Financial Inc. purchased a new position in Louisiana-Pacific during the first quarter valued at $25,000. Fidelis Capital Partners LLC bought a new position in shares of Louisiana-Pacific in the first quarter worth about $25,000. Whittier Trust Co. purchased a new position in shares of Louisiana-Pacific during the 1st quarter valued at about $31,000. Larson Financial Group LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter valued at approximately $37,000. Finally, Signaturefd LLC increased its holdings in Louisiana-Pacific by 232.9% in the 4th quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after acquiring an additional 552 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following 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.

Louisiana-Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Friday, February 23rd were given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, February 22nd. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. Louisiana-Pacific’s payout ratio is 42.45%.

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.