Louisiana-Pacific Co. (NYSE:LPX) Receives $107.38 Consensus Target Price from Brokerages

Louisiana-Pacific Co. (NYSE:LPX) has earned an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $107.38.

Several equities analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, May 7th. Truist Financial decreased their price objective on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating on the stock in a report on Tuesday, April 22nd. Loop Capital upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective on the stock in a report on Wednesday, May 7th. BMO Capital Markets upped their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a report on Thursday, February 20th. Finally, TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $95.35 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. Louisiana-Pacific has a twelve month low of $78.82 and a twelve month high of $122.87. The firm’s 50 day moving average price is $89.16 and its two-hundred day moving average price is $102.44. The firm has a market cap of $6.64 billion, a P/E ratio of 16.22, a PEG ratio of 1.24 and a beta of 1.94.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings results on Tuesday, May 6th. The building manufacturing company reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $724.00 million for the quarter, compared to analyst estimates of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.53 earnings per share. On average, analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Tuesday, May 20th will be issued a $0.28 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.17%. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 19.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in Louisiana-Pacific by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock valued at $733,961,000 after purchasing an additional 132,891 shares during the period. FMR LLC grew its position in shares of Louisiana-Pacific by 17.1% during the 4th quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock worth $384,031,000 after buying an additional 540,703 shares during the period. 59 North Capital Management LP grew its position in shares of Louisiana-Pacific by 32.1% during the 1st quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock worth $240,863,000 after buying an additional 635,817 shares during the period. Eminence Capital LP grew its position in shares of Louisiana-Pacific by 16.0% during the 1st quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company’s stock worth $154,153,000 after buying an additional 230,837 shares during the period. Finally, Jacobs Levy Equity Management Inc. grew its position in shares of Louisiana-Pacific by 2.0% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 1,266,145 shares of the building manufacturing company’s stock worth $131,109,000 after buying an additional 24,285 shares during the period. Institutional investors and hedge funds own 94.73% of the company’s stock.

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.