Louisiana-Pacific Corporation (NYSE:LPX) Receives $105.43 Average PT from Brokerages

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $105.4286.

A number of equities analysts recently issued reports on LPX shares. TD Securities decreased their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. Royal Bank Of Canada lowered their price target on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research note on Monday, December 22nd. Zacks Research lowered shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Finally, Barclays started coverage on shares of Louisiana-Pacific in a report on Monday, December 8th. They issued an “overweight” rating and a $100.00 price objective for the company.

Insider Buying and Selling at Louisiana-Pacific

In other Louisiana-Pacific news, CEO William Bradley Southern sold 42,514 shares of Louisiana-Pacific stock in a transaction on Monday, December 15th. The shares were sold at an average price of $86.25, for a total transaction of $3,666,832.50. Following the completion of the sale, the chief executive officer owned 559,908 shares of the company’s stock, valued at $48,292,065. This trade represents a 7.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Stephen E. Macadam bought 3,200 shares of Louisiana-Pacific stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $78.06 per share, with a total value of $249,792.00. Following the completion of the purchase, the director directly owned 41,149 shares of the company’s stock, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 1.42% of the stock is currently owned by insiders.

Institutional Trading of Louisiana-Pacific

Hedge funds have recently modified their holdings of the company. Chung Wu Investment Group LLC bought a new stake in Louisiana-Pacific in the second quarter valued at $26,000. North Ridge Wealth Advisors Inc. bought a new stake in shares of Louisiana-Pacific in the 2nd quarter worth about $26,000. Mid American Wealth Advisory Group Inc. acquired a new stake in shares of Louisiana-Pacific during the 2nd quarter worth about $34,000. RMG Wealth Management LLC bought a new position in Louisiana-Pacific during the 2nd quarter valued at about $44,000. Finally, Versant Capital Management Inc boosted its position in Louisiana-Pacific by 34.3% in the third quarter. Versant Capital Management Inc now owns 497 shares of the building manufacturing company’s stock valued at $44,000 after buying an additional 127 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $83.03 on Thursday. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 26.87 and a beta of 1.81. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.20. The business’s 50 day moving average is $83.06 and its two-hundred day moving average is $88.46. Louisiana-Pacific has a 52-week low of $73.42 and a 52-week high of $119.91.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.01). The firm had revenue of $663.00 million for the quarter, compared to analyst estimates of $670.26 million. Louisiana-Pacific had a net margin of 7.69% and a return on equity of 14.90%. The company’s quarterly revenue was down 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.22 EPS. Analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Friday, November 14th. This represents a $1.12 dividend on an annualized basis and a yield of 1.3%. Louisiana-Pacific’s dividend payout ratio is currently 36.25%.

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.