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

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $107.38.

LPX has been the subject of several recent analyst reports. Loop Capital raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Wednesday, May 7th. DA Davidson lowered their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Thursday, February 20th. TD Securities decreased their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research note on Thursday, February 20th. Royal Bank of Canada increased their price target on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Finally, Truist Financial decreased their price target on shares of Louisiana-Pacific from $126.00 to $112.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors have recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Louisiana-Pacific during the fourth quarter valued at approximately $35,000. UMB Bank n.a. grew its holdings in shares of Louisiana-Pacific by 76.1% during the first quarter. UMB Bank n.a. now owns 560 shares of the building manufacturing company’s stock valued at $52,000 after buying an additional 242 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Louisiana-Pacific by 56.2% during the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock valued at $75,000 after buying an additional 259 shares during the last quarter. GeoWealth Management LLC boosted its holdings in Louisiana-Pacific by 1,184.9% in the fourth quarter. GeoWealth Management LLC now owns 938 shares of the building manufacturing company’s stock worth $97,000 after purchasing an additional 865 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in Louisiana-Pacific by 41.5% in the first quarter. Fifth Third Bancorp now owns 1,040 shares of the building manufacturing company’s stock worth $96,000 after purchasing an additional 305 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Louisiana-Pacific stock opened at $90.38 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $6.29 billion, a PE ratio of 15.37, a P/E/G ratio of 1.24 and a beta of 1.89. The firm has a fifty day simple moving average of $89.09 and a two-hundred day simple moving average of $100.04. Louisiana-Pacific has a twelve month low of $78.82 and a twelve month high of $122.87.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Tuesday, May 6th. The building manufacturing company reported $1.27 EPS for the quarter, beating the consensus estimate of $1.13 by $0.14. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.53 earnings per share. Research analysts expect that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Tuesday, May 20th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Tuesday, May 20th. Louisiana-Pacific’s dividend payout ratio is 19.65%.

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.