Louisiana-Pacific Corporation (NYSE:LPX) Receives $110.57 Average Target Price from Brokerages

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $110.5714.

Several brokerages have commented on LPX. Truist Financial cut their target price on Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating on the stock in a research note on Friday, July 11th. Wall Street Zen downgraded Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Finally, DA Davidson cut their target price on Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating on the stock in a research note on Wednesday, June 25th.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 500 shares of the firm’s stock in a transaction on Thursday, August 14th. The stock was sold at an average price of $101.00, for a total value of $50,500.00. Following the transaction, the director directly owned 29,728 shares in the company, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.42% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors have recently bought and sold shares of LPX. Chung Wu Investment Group LLC bought a new stake in Louisiana-Pacific during the second quarter valued at about $26,000. North Ridge Wealth Advisors Inc. bought a new stake in Louisiana-Pacific during the second quarter valued at about $26,000. Mid American Wealth Advisory Group Inc. bought a new stake in Louisiana-Pacific during the second quarter valued at about $34,000. RMG Wealth Management LLC bought a new stake in Louisiana-Pacific during the second quarter valued at about $44,000. Finally, UMB Bank n.a. increased its holdings in shares of Louisiana-Pacific by 76.1% in the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock worth $52,000 after purchasing an additional 242 shares during the last quarter. 94.73% of the stock is owned by institutional investors.

Louisiana-Pacific Stock Up 0.6%

Shares of NYSE:LPX opened at $90.91 on Tuesday. Louisiana-Pacific has a 52-week low of $78.82 and a 52-week high of $122.87. The firm has a market capitalization of $6.33 billion, a P/E ratio of 21.44, a P/E/G ratio of 2.01 and a beta of 1.84. The stock has a 50 day moving average price of $93.49 and a 200-day moving average price of $91.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 2.84.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, August 6th. The building manufacturing company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.02. The firm had revenue of $755.00 million during the quarter, compared to analyst estimates of $751.15 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The business’s revenue was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.09 EPS. As a group, equities research analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, August 15th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 26.42%.

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.