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

Shares of Louisiana-Pacific Co. (NYSE:LPX) have been given a consensus rating of “Hold” by the ten brokerages that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $92.67.

A number of analysts recently weighed in on the company. Bank of America lifted their price target on Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target on the stock. in a research note on Thursday, August 8th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Friday, September 13th. The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the company a “sell” rating in a report on Thursday, August 8th. Finally, DA Davidson upped their price target on Louisiana-Pacific from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, June 14th.

Louisiana-Pacific Price Performance

Shares of NYSE LPX opened at $107.46 on Tuesday. The company has a market cap of $7.70 billion, a PE ratio of 29.52, a P/E/G ratio of 4.95 and a beta of 1.88. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.38 and a quick ratio of 1.95. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $108.50. The stock has a fifty day moving average price of $96.87 and a 200 day moving average price of $88.18.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.23. The business had revenue of $814.00 million for 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 business’s revenue was up 33.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 earnings per share. Sell-side analysts forecast that Louisiana-Pacific will post 5.04 EPS for the current year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio is presently 28.57%.

Insider Activity at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction dated 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 $55,773,027.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Lizanne C. Gottung sold 2,500 shares of the 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 transaction, the director now directly owns 21,005 shares in the company, valued at $2,064,791.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Bradley Southern sold 32,600 shares of Louisiana-Pacific stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,900 shares of company stock valued at $3,368,774. 1.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds have recently modified their holdings of the stock. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Louisiana-Pacific during the second quarter worth approximately $1,268,000. Truist Financial Corp raised its position in shares of Louisiana-Pacific by 8.1% in the 2nd quarter. Truist Financial Corp now owns 109,742 shares of the building manufacturing company’s stock worth $9,035,000 after buying an additional 8,177 shares during the period. Quarry LP boosted its holdings in Louisiana-Pacific by 362.2% in the second quarter. Quarry LP now owns 1,821 shares of the building manufacturing company’s stock valued at $150,000 after acquiring an additional 1,427 shares during the last quarter. Creative Planning grew its position in Louisiana-Pacific by 5.7% during the second quarter. Creative Planning now owns 9,162 shares of the building manufacturing company’s stock valued at $754,000 after acquiring an additional 497 shares during the period. Finally, Algert Global LLC increased its stake in Louisiana-Pacific by 7.1% during the second quarter. Algert Global LLC now owns 182,779 shares of the building manufacturing company’s stock worth $15,048,000 after acquiring an additional 12,079 shares during the last quarter. 94.73% of the stock is owned by institutional investors and hedge funds.

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.