Louisiana-Pacific Co. (NYSE:LPX) has been given an average recommendation of “Hold” by the nine brokerages that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $48.00.
A number of research firms have recently weighed in on LPX. Zacks Investment Research downgraded shares of Louisiana-Pacific from a “strong-buy” rating to a “hold” rating and set a $57.00 price target on the stock. in a report on Tuesday, March 30th. Stephens raised Louisiana-Pacific from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, February 17th. Royal Bank of Canada increased their price objective on Louisiana-Pacific from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Wednesday, February 17th. DA Davidson boosted their target price on Louisiana-Pacific from $40.00 to $50.00 in a report on Friday, January 22nd. Finally, BMO Capital Markets increased their price target on Louisiana-Pacific from $55.00 to $62.00 and gave the company an “outperform” rating in a report on Tuesday, March 16th.
In related news, SVP Michael Sims sold 12,824 shares of the stock in a transaction dated Thursday, February 25th. The shares were sold at an average price of $48.50, for a total value of $621,964.00. Following the completion of the transaction, the senior vice president now owns 83,523 shares of the company’s stock, valued at $4,050,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lizanne C. Gottung sold 5,000 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, March 1st. The shares were sold at an average price of $50.00, for a total value of $250,000.00. Following the sale, the director now directly owns 25,371 shares in the company, valued at $1,268,550. The disclosure for this sale can be found here. Insiders have sold a total of 17,923 shares of company stock valued at $876,686 over the last ninety days. 0.40% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in LPX. BlackRock Inc. boosted its stake in shares of Louisiana-Pacific by 0.7% in the 4th quarter. BlackRock Inc. now owns 12,720,340 shares of the building manufacturing company’s stock valued at $472,815,000 after purchasing an additional 90,421 shares in the last quarter. Norges Bank acquired a new position in shares of Louisiana-Pacific during the fourth quarter worth approximately $57,543,000. Charles Schwab Investment Management Inc. raised its position in Louisiana-Pacific by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,503,453 shares of the building manufacturing company’s stock worth $55,884,000 after purchasing an additional 230,736 shares during the last quarter. Morgan Stanley lifted its holdings in Louisiana-Pacific by 222.5% during the 4th quarter. Morgan Stanley now owns 1,106,269 shares of the building manufacturing company’s stock worth $41,121,000 after buying an additional 763,209 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in shares of Louisiana-Pacific by 44.5% in the 4th quarter. Alliancebernstein L.P. now owns 532,601 shares of the building manufacturing company’s stock valued at $19,797,000 after buying an additional 164,043 shares during the period. 92.87% of the stock is currently owned by institutional investors and hedge funds.
Louisiana-Pacific stock opened at $66.71 on Friday. Louisiana-Pacific has a 52 week low of $15.83 and a 52 week high of $67.39. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.73 and a current ratio of 3.70. The firm has a market capitalization of $7.11 billion, a price-to-earnings ratio of 39.01 and a beta of 1.82. The company has a 50 day moving average price of $54.31 and a 200 day moving average price of $40.71.
Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Monday, February 15th. The building manufacturing company reported $2.01 EPS for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.27. Louisiana-Pacific had a return on equity of 26.04% and a net margin of 7.79%. The firm had revenue of $860.00 million during the quarter, compared to analyst estimates of $790.00 million. Equities analysts forecast that Louisiana-Pacific will post 3.98 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 8th. Stockholders of record on Monday, February 22nd were paid a $0.16 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, February 19th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 0.96%. Louisiana-Pacific’s dividend payout ratio is currently 172.97%.
Louisiana-Pacific Company Profile
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.
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