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

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been given an average rating of “Moderate Buy” by the fifteen analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and twelve have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $93.67.

A number of equities research analysts have commented on LPX shares. Truist Financial reduced their target price on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Barclays lowered their price target on Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd. TD boosted their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 14th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $99.00 target price on shares of Louisiana-Pacific in a research report on Wednesday, September 2nd.

Louisiana-Pacific Trading Up 1.0%

Shares of LPX opened at $65.17 on Friday. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $70.32 and a 200 day moving average price of $72.69. Louisiana-Pacific has a 12-month low of $62.18 and a 12-month high of $100.34. The firm has a market capitalization of $4.56 billion, a P/E ratio of 82.50, a P/E/G ratio of 9.14 and a beta of 1.63.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm had revenue of $664.00 million during the quarter, compared to analysts’ expectations of $667.31 million. During the same period last year, the company earned $0.99 EPS. The business’s quarterly revenue was down 12.1% on a year-over-year basis. Sell-side analysts forecast that Louisiana-Pacific will post 1.17 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.8%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc raised its stake in shares of Louisiana-Pacific by 27.3% in the second quarter. Versant Capital Management Inc now owns 630 shares of the building manufacturing company’s stock valued at $50,000 after acquiring an additional 135 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Louisiana-Pacific by 26.0% in the first quarter. EverSource Wealth Advisors LLC now owns 692 shares of the building manufacturing company’s stock valued at $50,000 after purchasing an additional 143 shares during the period. Valeo Financial Advisors LLC grew its stake in Louisiana-Pacific by 1.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,225 shares of the building manufacturing company’s stock worth $726,000 after purchasing an additional 147 shares in the last quarter. HB Wealth Management LLC grew its stake in Louisiana-Pacific by 4.2% during the 2nd quarter. HB Wealth Management LLC now owns 4,106 shares of the building manufacturing company’s stock worth $323,000 after purchasing an additional 164 shares in the last quarter. Finally, NewEdge Advisors LLC increased its holdings in Louisiana-Pacific by 2.3% during the 2nd quarter. NewEdge Advisors LLC now owns 8,875 shares of the building manufacturing company’s stock worth $698,000 after purchasing an additional 200 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential and light commercial construction. The company’s portfolio includes engineered wood siding and trim, oriented strand board (OSB), and other engineered wood products designed for wall, roof, and structural applications.

Louisiana-Pacific is best known for its LP SmartSide siding and trim products, which are made from engineered wood and marketed as alternatives to traditional wood siding.