Louisiana-Pacific Corporation (NYSE:LPX) Given Consensus Rating of “Moderate Buy” by Brokerages

Louisiana-Pacific Corporation (NYSE:LPX) has received a consensus recommendation of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $105.4286.

A number of brokerages have commented on LPX. Royal Bank Of Canada cut their price target on shares of Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a research report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday. TD Securities decreased their target price on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, November 6th. Vertical Research initiated coverage on Louisiana-Pacific in a report on Monday, October 20th. They issued a “buy” rating for the company. Finally, Barclays started coverage on Louisiana-Pacific in a report on Monday, December 8th. They set an “overweight” rating and a $100.00 price target on the stock.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $82.55 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.72 and a current ratio of 2.93. Louisiana-Pacific has a fifty-two week low of $73.42 and a fifty-two week high of $119.91. The company has a 50 day simple moving average of $83.36 and a two-hundred day simple moving average of $88.58. The company has a market capitalization of $5.75 billion, a PE ratio of 26.72 and a beta of 1.81.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The firm had revenue of $663.00 million during the quarter, compared to the consensus estimate of $670.26 million. During the same period in the prior year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 8.2% compared to the same quarter last year. Research analysts anticipate that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 21st. Investors of record on Friday, November 14th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 annualized dividend and a yield of 1.4%. Louisiana-Pacific’s dividend payout ratio is currently 36.25%.

Insider Buying and Selling at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 1,318 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $85.38, for a total transaction of $112,530.84. Following the transaction, the chief executive officer owned 558,590 shares in the company, valued at approximately $47,692,414.20. This represents a 0.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen E. Macadam acquired 3,200 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were bought at an average cost of $78.06 per share, for a total transaction of $249,792.00. Following the transaction, the director directly owned 41,149 shares in the company, valued at approximately $3,212,090.94. This represents a 8.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 1.42% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

Large investors have recently modified their holdings of the company. Eminence Capital LP increased its stake in Louisiana-Pacific by 7.9% during the 3rd quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock valued at $276,822,000 after purchasing an additional 228,521 shares in the last quarter. 59 North Capital Management LP grew its holdings in shares of Louisiana-Pacific by 7.2% during the second quarter. 59 North Capital Management LP now owns 2,808,369 shares of the building manufacturing company’s stock valued at $241,492,000 after buying an additional 189,726 shares during the last quarter. Valeo Financial Advisors LLC grew its holdings in shares of Louisiana-Pacific by 33,243.5% during the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock valued at $222,610,000 after buying an additional 2,581,023 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Louisiana-Pacific by 1.9% during the third quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company’s stock worth $137,666,000 after acquiring an additional 28,535 shares in the last quarter. Finally, Boston Partners acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter worth about $100,770,000. 94.73% of the stock is currently owned by institutional investors.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.