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

Louisiana-Pacific Corporation (NYSE:LPX) has been given a consensus recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $97.80.

Several equities research analysts have issued reports on the company. Truist Financial dropped their target price on Louisiana-Pacific from $93.00 to $91.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. TD Securities upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Thursday, May 7th. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, May 8th. Finally, BMO Capital Markets upgraded shares of Louisiana-Pacific from a “market perform” rating to an “outperform” rating and set a $94.00 price objective on the stock in a research report on Thursday, May 7th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Millennium Management LLC raised its holdings in shares of Louisiana-Pacific by 128.6% during the first quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock valued at $16,259,000 after purchasing an additional 99,455 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Louisiana-Pacific in the 1st quarter worth $273,000. Goldman Sachs Group Inc. raised its position in shares of Louisiana-Pacific by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after buying an additional 18,413 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Louisiana-Pacific by 207.1% in the 1st quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after acquiring an additional 19,029 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Louisiana-Pacific by 15.2% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after acquiring an additional 29,846 shares during the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Down 3.9%

NYSE:LPX opened at $73.92 on Monday. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 62.64, a PEG ratio of 2.42 and a beta of 1.60. The firm has a fifty day simple moving average of $74.51 and a two-hundred day simple moving average of $78.96. Louisiana-Pacific has a 12 month low of $66.12 and a 12 month high of $102.86.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.24. The firm had revenue of $574.00 million during the quarter, compared to analyst estimates of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The business’s revenue was down 20.7% compared to the same quarter last year. During the same period last year, the firm posted $1.27 EPS. Analysts expect that Louisiana-Pacific will post 1.93 EPS for the current fiscal year.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Thursday, May 14th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s payout ratio is currently 101.69%.

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.