Seaport Res Ptn Has Positive Forecast for LPX Q4 Earnings

Louisiana-Pacific Co. (NYSE:LPX) – Stock analysts at Seaport Res Ptn lifted their Q4 2024 earnings estimates for Louisiana-Pacific in a report issued on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will earn $0.96 per share for the quarter, up from their prior forecast of $0.76. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.59 per share.

Several other analysts have also recently issued reports on LPX. TD Securities increased their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a research report on Wednesday, November 6th. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Royal Bank of Canada upped their target price on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group lifted their price target on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Finally, StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday, November 10th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $108.38.

Louisiana-Pacific Trading Up 0.2 %

Shares of Louisiana-Pacific stock opened at $114.86 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The company has a fifty day moving average of $111.89 and a 200 day moving average of $104.28. The company has a market capitalization of $8.07 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.40 and a beta of 1.94. Louisiana-Pacific has a fifty-two week low of $63.76 and a fifty-two week high of $122.87.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds have recently bought and sold shares of the business. UMB Bank n.a. grew its holdings in shares of Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock worth $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Louisiana-Pacific in the 4th quarter valued at about $35,000. Versant Capital Management Inc grew its stake in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after acquiring an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Louisiana-Pacific during the third quarter worth approximately $38,000. Finally, V Square Quantitative Management LLC bought a new stake in shares of Louisiana-Pacific during the third quarter valued at approximately $43,000. Institutional investors own 94.73% of the company’s stock.

Insider Activity

In other news, Director Ozey K. Horton, Jr. sold 300 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total transaction of $34,023.00. Following the transaction, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total value of $283,750.00. Following the completion of the sale, the director now owns 18,513 shares in the company, valued at approximately $2,101,225.50. The trade was a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.26% of the company’s stock.

Louisiana-Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a yield of 0.91%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

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.