Louisiana-Pacific Corporation (NYSE:LPX) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have received an average recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and eleven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $94.00.

Several equities analysts recently commented on LPX shares. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. Oppenheimer decreased their price target on shares of Louisiana-Pacific from $115.00 to $107.00 and set an “outperform” rating on the stock in a report on Thursday, May 7th. DA Davidson dropped their price objective on Louisiana-Pacific from $103.00 to $99.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. The Goldman Sachs Group upped their price objective on Louisiana-Pacific from $66.00 to $74.00 and gave the stock a “sell” rating in a report on Thursday, August 6th. Finally, TD Securities upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th.

Louisiana-Pacific Price Performance

LPX stock opened at $70.55 on Tuesday. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 89.30, a price-to-earnings-growth ratio of 10.08 and a beta of 1.62. The company has a quick ratio of 1.67, a current ratio of 3.22 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 52-week low of $66.12 and a 52-week high of $101.28. The stock’s fifty day simple moving average is $74.71 and its 200-day simple moving average is $75.52.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.16). The business had revenue of $665.00 million during the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The business’s revenue for the quarter was down 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 earnings per share. Equities research analysts expect that Louisiana-Pacific will post 1.17 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s dividend payout ratio (DPR) is 151.90%.

Institutional Trading of Louisiana-Pacific

A number of institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new position in Louisiana-Pacific in the second quarter valued at approximately $506,638,000. Berkshire Hathaway Inc purchased a new stake in Louisiana-Pacific during the second quarter worth approximately $445,593,000. California State Teachers Retirement System increased its position in shares of Louisiana-Pacific by 7,680.5% in the second quarter. California State Teachers Retirement System now owns 5,661,789 shares of the building manufacturing company’s stock worth $445,356,000 after acquiring an additional 5,589,020 shares in the last quarter. Eminence Capital LP raised its stake in shares of Louisiana-Pacific by 29.9% in the 4th quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock valued at $326,927,000 after acquiring an additional 932,177 shares during the period. Finally, 59 North Capital Management LP raised its stake in shares of Louisiana-Pacific by 26.3% in the 4th quarter. 59 North Capital Management LP now owns 3,536,884 shares of the building manufacturing company’s stock valued at $285,639,000 after acquiring an additional 737,406 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.