Louisiana-Pacific (NYSE:LPX) Shares Up 4.8% Following Strong Earnings

Louisiana-Pacific Co. (NYSE:LPX)’s stock price traded up 4.8% during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $91.49 and last traded at $91.73. 159,837 shares were traded during trading, a decline of 78% from the average session volume of 734,486 shares. The stock had previously closed at $87.53.

The building manufacturing company reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.14. The business had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.05%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LPX shares. Loop Capital decreased their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Truist Financial lowered their target price on Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. TD Securities cut their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a report on Thursday, February 20th. Finally, BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $108.63.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Coldstream Capital Management Inc. raised its holdings in shares of Louisiana-Pacific by 2.6% during the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company’s stock valued at $383,000 after purchasing an additional 95 shares in the last quarter. Hanseatic Management Services Inc. increased its position in Louisiana-Pacific by 12.0% during the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after buying an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in Louisiana-Pacific by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock valued at $1,802,000 after buying an additional 100 shares in the last quarter. Woodmont Investment Counsel LLC lifted its position in shares of Louisiana-Pacific by 3.2% in the fourth quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after buying an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Louisiana-Pacific by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock worth $228,000 after acquiring an additional 114 shares in the last quarter. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

The stock has a fifty day moving average price of $89.43 and a 200 day moving average price of $102.91. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 15.39, a price-to-earnings-growth ratio of 1.24 and a beta of 1.94.

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.