Louisiana-Pacific Co. (NYSE:LPX) Given Consensus Recommendation of “Hold” by Brokerages

Louisiana-Pacific Co. (NYSE:LPX) has been assigned an average rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $111.50.

LPX has been the topic of several analyst reports. Truist Financial lifted their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. TD Securities cut their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Royal Bank of Canada reissued an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a research report on Thursday, February 20th. BMO Capital Markets raised their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research note on Thursday, February 20th. Finally, DA Davidson reduced their price target on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th.

Institutional Trading of Louisiana-Pacific

A number of institutional investors and hedge funds have recently made changes to their positions in the business. UMB Bank n.a. increased its holdings in Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after acquiring an additional 158 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Louisiana-Pacific in the 4th quarter worth about $35,000. Versant Capital Management Inc raised its holdings in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock valued at $36,000 after acquiring an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Louisiana-Pacific by 65.0% in the fourth quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company’s stock valued at $61,000 after acquiring an additional 232 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in shares of Louisiana-Pacific by 56.2% in the fourth quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company’s stock worth $75,000 after acquiring an additional 259 shares during the last quarter. 94.73% of the stock is currently owned by hedge funds and other institutional investors.

Louisiana-Pacific Stock Performance

LPX stock opened at $84.14 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. Louisiana-Pacific has a 1-year low of $71.39 and a 1-year high of $122.87. The business has a 50-day moving average price of $94.51 and a 200 day moving average price of $104.68. The company has a market capitalization of $5.86 billion, a P/E ratio of 14.31, a PEG ratio of 1.24 and a beta of 1.86.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The firm had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the firm earned $0.71 earnings per share. As a group, equities research analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Thursday, February 27th were issued a $0.28 dividend. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a yield of 1.33%. Louisiana-Pacific’s dividend payout ratio is presently 19.05%.

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.