Louisiana-Pacific Co. (NYSE:LPX) Given Average Rating of “Hold” by Analysts

Louisiana-Pacific Co. (NYSE:LPX) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $93.56.

A number of analysts recently issued reports on LPX shares. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a report on Thursday, August 8th. The Goldman Sachs Group increased their price target on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research report on Thursday, August 8th. Bank of America lifted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a report on Thursday, September 12th. Royal Bank of Canada increased their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a report on Thursday, August 8th. Finally, Truist Financial boosted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th.

Insider Transactions at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the sale, the chief executive officer now directly owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total value of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,900 shares of company stock valued at $3,368,774 in the last quarter. 1.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LPX. Allspring Global Investments Holdings LLC grew its holdings in shares of Louisiana-Pacific by 48,193.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 162,267 shares of the building manufacturing company’s stock worth $13,616,000 after buying an additional 161,931 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Louisiana-Pacific by 3.5% in the 1st quarter. Russell Investments Group Ltd. now owns 215,051 shares of the building manufacturing company’s stock valued at $18,045,000 after acquiring an additional 7,367 shares during the last quarter. Diversified Trust Co purchased a new position in Louisiana-Pacific in the 2nd quarter worth approximately $590,000. Ensign Peak Advisors Inc boosted its holdings in shares of Louisiana-Pacific by 57.6% during the 2nd quarter. Ensign Peak Advisors Inc now owns 35,427 shares of the building manufacturing company’s stock worth $2,917,000 after purchasing an additional 12,950 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its position in shares of Louisiana-Pacific by 16.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 46,648 shares of the building manufacturing company’s stock valued at $3,914,000 after purchasing an additional 6,533 shares in the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Stock Performance

LPX stock opened at $100.81 on Friday. The firm has a market cap of $7.08 billion, a price-to-earnings ratio of 16.39, a PEG ratio of 4.63 and a beta of 1.88. Louisiana-Pacific has a twelve month low of $49.47 and a twelve month high of $109.73. The company has a quick ratio of 1.95, a current ratio of 3.38 and a debt-to-equity ratio of 0.21. The business’s fifty day simple moving average is $100.79 and its two-hundred day simple moving average is $91.37.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. The company had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm’s revenue for the quarter was up 33.2% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. Analysts predict that Louisiana-Pacific will post 5.04 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Tuesday, August 20th were issued a dividend of $0.26 per share. The ex-dividend date was Tuesday, August 20th. This represents a $1.04 annualized dividend and a dividend yield of 1.03%. Louisiana-Pacific’s dividend payout ratio is presently 16.91%.

About Louisiana-Pacific

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.