Louisiana-Pacific (NYSE:LPX) Issues Quarterly Earnings Results, Beats Estimates By $0.24 EPS

Louisiana-Pacific (NYSE:LPX) issued its quarterly earnings results on Wednesday. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24, Zacks reports. Louisiana-Pacific had a return on equity of 24.50% and a net margin of 14.29%.

Louisiana-Pacific Price Performance

Shares of NYSE:LPX opened at $102.06 on Wednesday. The business’s 50 day simple moving average is $111.20 and its 200-day simple moving average is $106.39. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 17.59, a price-to-earnings-growth ratio of 1.36 and a beta of 1.95. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.69. Louisiana-Pacific has a 12 month low of $66.77 and a 12 month high of $122.87.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th will be paid a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.10%. Louisiana-Pacific’s payout ratio is 17.93%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LPX shares. DA Davidson boosted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. The Goldman Sachs Group boosted their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, Truist Financial boosted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and an average target price of $108.38.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the sale, the director now owns 18,513 shares of the company’s stock, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.53% of the company’s stock.

About Louisiana-Pacific

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.