Louisiana-Pacific Co. (NYSE:LPX) Receives $111.50 Average PT from Analysts

Shares of Louisiana-Pacific Co. (NYSE:LPX) have earned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $111.50.

Several brokerages recently issued reports on LPX. BMO Capital Markets raised their target price on Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. DA Davidson lowered their price objective on Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Truist Financial upped their target price on Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, TD Securities decreased their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating for the company in a research report on Thursday, February 20th.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. raised its stake in Louisiana-Pacific by 77.3% during the 3rd quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock worth $50,000 after buying an additional 201 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Louisiana-Pacific by 32.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock worth $71,192,000 after purchasing an additional 162,976 shares during the period. Cerity Partners LLC lifted its holdings in shares of Louisiana-Pacific by 119.4% in the 3rd quarter. Cerity Partners LLC now owns 80,336 shares of the building manufacturing company’s stock worth $8,633,000 after purchasing an additional 43,717 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at $237,000. Finally, Bank of Montreal Can increased its stake in Louisiana-Pacific by 2.4% during the 3rd quarter. Bank of Montreal Can now owns 70,446 shares of the building manufacturing company’s stock valued at $7,552,000 after purchasing an additional 1,650 shares in the last quarter. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $92.05 on Tuesday. The stock’s 50-day moving average is $103.50 and its 200-day moving average is $106.57. The stock has a market cap of $6.41 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.24 and a beta of 2.02. Louisiana-Pacific has a 1-year low of $71.39 and a 1-year high of $122.87. The company has a current ratio of 2.86, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

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

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.22%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) 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.