Seaport Res Ptn Research Analysts Lift Earnings Estimates for Louisiana-Pacific Co. (NYSE:LPX)

Louisiana-Pacific Co. (NYSE:LPXFree Report) – Equities research analysts at Seaport Res Ptn upped their Q2 2024 earnings estimates for shares of Louisiana-Pacific in a research report issued to clients and investors on Monday, April 15th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings of $1.80 per share for the quarter, up from their prior forecast of $1.02. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $3.85 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s FY2024 earnings at $4.80 EPS.

Louisiana-Pacific (NYSE:LPXGet Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. Louisiana-Pacific had a net margin of 6.90% and a return on equity of 15.65%. The company had revenue of $658.00 million during the quarter, compared to analyst estimates of $618.60 million. During the same period in the previous year, the business earned $0.61 EPS. The firm’s revenue for the quarter was down 6.7% on a year-over-year basis.

LPX has been the subject of a number of other reports. DA Davidson reiterated a “buy” rating and set a $76.00 target price on shares of Louisiana-Pacific in a research note on Tuesday, February 13th. TD Securities boosted their target price on shares of Louisiana-Pacific from $75.00 to $77.00 and gave the company a “hold” rating in a research note on Thursday, February 15th. TD Cowen reiterated a “hold” rating and set a $75.00 target price on shares of Louisiana-Pacific in a research note on Thursday, January 11th. Royal Bank of Canada boosted their target price on shares of Louisiana-Pacific from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Thursday, February 15th. Finally, Truist Financial boosted their target price on shares of Louisiana-Pacific from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $73.71.

View Our Latest Research Report on LPX

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $72.76 on Thursday. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $84.54. The firm has a market cap of $5.26 billion, a P/E ratio of 29.70 and a beta of 1.84. The company has a 50 day moving average of $76.05 and a 200 day moving average of $67.08. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 23rd were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.43%. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Thursday, February 22nd. Louisiana-Pacific’s dividend payout ratio is 42.45%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $77.58, for a total value of $193,950.00. Following the completion of the sale, the director now directly owns 25,995 shares in the company, valued at approximately $2,016,692.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its holdings in Louisiana-Pacific by 6.3% in the 1st quarter. First Trust Advisors LP now owns 3,323,863 shares of the building manufacturing company’s stock worth $180,187,000 after buying an additional 196,459 shares during the period. State Street Corp boosted its holdings in Louisiana-Pacific by 2.1% in the 1st quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company’s stock worth $151,692,000 after buying an additional 50,575 shares during the period. Eminence Capital LP boosted its holdings in Louisiana-Pacific by 31.4% in the 4th quarter. Eminence Capital LP now owns 2,056,991 shares of the building manufacturing company’s stock worth $145,697,000 after buying an additional 491,641 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Louisiana-Pacific by 83.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,563,117 shares of the building manufacturing company’s stock worth $110,717,000 after buying an additional 712,671 shares during the period. Finally, Franklin Resources Inc. boosted its holdings in Louisiana-Pacific by 10.0% in the 4th quarter. Franklin Resources Inc. now owns 1,136,025 shares of the building manufacturing company’s stock worth $80,465,000 after buying an additional 103,249 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for Louisiana-Pacific (NYSE:LPX)

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