Equities Analysts Set Expectations for LPX FY2024 Earnings

Louisiana-Pacific Co. (NYSE:LPX) – Stock analysts at Seaport Res Ptn raised their FY2024 earnings estimates for shares of Louisiana-Pacific in a note issued to investors on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings per share of $5.80 for the year, up from their previous forecast of $5.60. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.59 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q1 2025 earnings at $1.10 EPS.

Other research analysts also recently issued research reports about the company. Royal Bank of Canada raised their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. DA Davidson raised their target price on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. TD Securities upped their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research report on Wednesday, November 6th. BMO Capital Markets raised their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 12th. Finally, Truist Financial upped their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. Two investment 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $108.38.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $118.26 on Wednesday. The stock’s 50-day moving average is $111.97 and its two-hundred day moving average is $104.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. Louisiana-Pacific has a 1 year low of $63.76 and a 1 year high of $122.87. The firm has a market cap of $8.31 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.40 and a beta of 1.94.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is 17.93%.

Insider Activity

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

Institutional Trading of Louisiana-Pacific

Several large investors have recently bought and sold shares of LPX. Pacer Advisors Inc. raised its stake in shares of Louisiana-Pacific by 11,417.9% during the 3rd quarter. Pacer Advisors Inc. now owns 1,106,410 shares of the building manufacturing company’s stock worth $118,895,000 after buying an additional 1,096,804 shares during the last quarter. FMR LLC raised its position in Louisiana-Pacific by 25.2% during the third quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock worth $340,427,000 after acquiring an additional 638,058 shares during the last quarter. State Street Corp raised its position in Louisiana-Pacific by 10.8% during the third quarter. State Street Corp now owns 2,154,561 shares of the building manufacturing company’s stock worth $231,529,000 after acquiring an additional 210,113 shares during the last quarter. Bamco Inc. NY lifted its holdings in shares of Louisiana-Pacific by 65.7% in the third quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock valued at $55,500,000 after purchasing an additional 204,828 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Louisiana-Pacific by 32.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 662,496 shares of the building manufacturing company’s stock valued at $71,192,000 after purchasing an additional 162,976 shares during the last quarter. Institutional investors and hedge funds 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.