Louisiana-Pacific (NYSE:LPX) Price Target Lowered to $112.00 at Truist Financial

Louisiana-Pacific (NYSE:LPX) had its target price trimmed by Truist Financial from $126.00 to $112.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a buy rating on the building manufacturing company’s stock.

A number of other equities research analysts have also commented on the stock. Loop Capital dropped their price objective on shares of Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating on the stock in a report on Monday, February 24th. TD Securities cut their price target on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. DA Davidson decreased their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. BMO Capital Markets boosted their target price on 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, Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Louisiana-Pacific currently has a consensus rating of “Hold” and an average target price of $108.63.

Louisiana-Pacific Price Performance

Shares of LPX stock opened at $84.01 on Tuesday. The firm has a fifty day moving average of $92.77 and a 200-day moving average of $104.17. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 14.29, a price-to-earnings-growth ratio of 1.24 and a beta of 1.86. Louisiana-Pacific has a 12-month low of $72.06 and a 12-month high of $122.87.

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

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were given a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio is 19.05%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC grew its holdings in Louisiana-Pacific by 20.0% during the third quarter. Barclays PLC now owns 36,089 shares of the building manufacturing company’s stock worth $3,877,000 after purchasing an additional 6,011 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $201,000. Arvest Bank Trust Division acquired a new position in shares of Louisiana-Pacific during the 3rd quarter worth approximately $1,000,000. Wilmington Savings Fund Society FSB bought a new stake in Louisiana-Pacific in the 3rd quarter valued at $323,000. Finally, Tidal Investments LLC lifted its holdings in Louisiana-Pacific by 35.0% during the 3rd quarter. Tidal Investments LLC now owns 28,623 shares of the building manufacturing company’s stock valued at $3,076,000 after purchasing an additional 7,419 shares during the last quarter. Institutional investors own 94.73% of the company’s stock.

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.