Louisiana-Pacific (NYSE:LPX) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Louisiana-Pacific (NYSE:LPX) from a sell rating to a hold rating in a research report report published on Saturday morning.

Other equities research analysts also recently issued research reports about the stock. 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 report on Wednesday, May 7th. DA Davidson lowered their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “buy” rating for the company in a research report on Wednesday, June 25th. Royal Bank Of Canada increased their price objective on shares of Louisiana-Pacific from $114.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Truist Financial lowered their price objective on shares of Louisiana-Pacific from $111.00 to $108.00 and set a “buy” rating for the company in a research report on Friday, July 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $106.13.

Louisiana-Pacific Stock Down 0.6%

Shares of NYSE:LPX opened at $89.28 on Friday. Louisiana-Pacific has a 52 week low of $78.82 and a 52 week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.59 and a current ratio of 3.03. The company has a market capitalization of $6.21 billion, a PE ratio of 15.66, a PEG ratio of 1.54 and a beta of 1.84. The company has a 50 day moving average price of $89.84 and a two-hundred day moving average price of $95.06.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results 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. Louisiana-Pacific had a net margin of 13.74% and a return on equity of 23.75%. The firm had revenue of $724.00 million during the quarter, compared to the consensus estimate of $711.66 million. During the same quarter in the prior year, the firm earned $1.53 earnings per share. The business’s quarterly revenue was up .0% on a year-over-year basis. Analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Tuesday, May 20th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.25%. The ex-dividend date was Tuesday, May 20th. Louisiana-Pacific’s payout ratio is 19.65%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 1,179 shares of the stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $89.52, for a total transaction of $105,544.08. Following the completion of the transaction, the director owned 18,838 shares in the company, valued at approximately $1,686,377.76. This represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.42% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Louisiana-Pacific by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 7,087,989 shares of the building manufacturing company’s stock worth $733,961,000 after purchasing an additional 132,891 shares during the last quarter. FMR LLC boosted its holdings in Louisiana-Pacific by 17.1% during the fourth quarter. FMR LLC now owns 3,708,649 shares of the building manufacturing company’s stock worth $384,031,000 after purchasing an additional 540,703 shares during the last quarter. 59 North Capital Management LP boosted its holdings in Louisiana-Pacific by 32.1% during the first quarter. 59 North Capital Management LP now owns 2,618,643 shares of the building manufacturing company’s stock worth $240,863,000 after purchasing an additional 635,817 shares during the last quarter. Valeo Financial Advisors LLC boosted its holdings in Louisiana-Pacific by 33,243.5% during the second quarter. Valeo Financial Advisors LLC now owns 2,588,787 shares of the building manufacturing company’s stock worth $222,610,000 after purchasing an additional 2,581,023 shares during the last quarter. Finally, Eminence Capital LP boosted its holdings in Louisiana-Pacific by 16.0% during the first quarter. Eminence Capital LP now owns 1,675,943 shares of the building manufacturing company’s stock worth $154,153,000 after purchasing an additional 230,837 shares during the last quarter. Institutional investors and hedge funds own 94.73% 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.