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

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have received a consensus rating of “Moderate Buy” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $106.3333.

Several research firms have recently weighed in on LPX. TD Securities cut their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday. Zacks Research raised Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a research report on Friday, October 10th. Wall Street Zen lowered shares of Louisiana-Pacific from a “hold” rating to a “sell” rating in a research note on Sunday, August 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Louisiana-Pacific in a research note on Wednesday, October 8th. Finally, Vertical Research started coverage on Louisiana-Pacific in a report on Monday, October 20th. They set a “buy” rating for the company.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $78.51 on Wednesday. The firm’s 50-day moving average price is $90.09 and its two-hundred day moving average price is $90.81. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 1-year low of $76.25 and a 1-year high of $122.87. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 18.52 and a beta of 1.80.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.01). The company had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.Louisiana-Pacific’s revenue for the quarter was down 8.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share. On average, equities analysts predict that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 21st. Investors of record on Friday, November 14th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, November 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is 36.25%.

Insider Buying and Selling

In related 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 transaction of $50,500.00. Following the sale, the director owned 29,728 shares of the company’s stock, valued at $3,002,528. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC raised its holdings in shares of Louisiana-Pacific by 4.1% in the 1st quarter. CWM LLC now owns 2,919 shares of the building manufacturing company’s stock valued at $268,000 after acquiring an additional 115 shares in the last quarter. Xponance Inc. increased its position in shares of Louisiana-Pacific by 1.1% in the first quarter. Xponance Inc. now owns 11,370 shares of the building manufacturing company’s stock valued at $1,046,000 after acquiring an additional 127 shares during the period. Versant Capital Management Inc lifted its holdings in Louisiana-Pacific by 34.3% in the 3rd quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock worth $44,000 after buying an additional 127 shares during the period. Wilmington Savings Fund Society FSB increased its position in Louisiana-Pacific by 4.5% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 3,139 shares of the building manufacturing company’s stock valued at $279,000 after purchasing an additional 136 shares during the period. Finally, Moran Wealth Management LLC grew its holdings in shares of Louisiana-Pacific by 2.4% during the 2nd quarter. Moran Wealth Management LLC now owns 6,603 shares of the building manufacturing company’s stock worth $568,000 after acquiring an additional 156 shares during the period. Institutional investors own 94.73% of the company’s stock.

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.