Seaport Res Ptn Has Negative Outlook for LPX FY2024 Earnings

Louisiana-Pacific Co. (NYSE:LPX) – Analysts at Seaport Res Ptn decreased their FY2024 earnings estimates for Louisiana-Pacific in a research note issued on Thursday, October 24th. Seaport Res Ptn analyst M. Weintraub now anticipates that the building manufacturing company will post earnings per share of $5.20 for the year, down from their prior forecast of $5.25. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.04 per share.

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

LPX has been the subject of a number of other reports. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Royal Bank of Canada upped their price target on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the company an “outperform” rating in a research note on Thursday, August 8th. BMO Capital Markets downgraded shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research report on Thursday, August 8th. Bank of America boosted their price objective on Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a report on Thursday, September 12th. Finally, The Goldman Sachs Group increased their target price on Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Stock Up 1.4 %

LPX stock opened at $102.22 on Monday. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $109.73. The business’s 50 day simple moving average is $100.79 and its 200 day simple moving average is $91.54. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $7.33 billion, a PE ratio of 28.07, a PEG ratio of 4.63 and a beta of 1.88.

Louisiana-Pacific Announces Dividend

The business also recently announced 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. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is currently 28.57%.

Insider Buying and Selling

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 800 shares of the stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the sale, the director now directly owns 29,008 shares in the company, valued at $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ozey K. Horton, Jr. sold 800 shares of the company’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $96.10, for a total value of $76,880.00. Following the sale, the director now owns 29,008 shares of the company’s stock, valued at approximately $2,787,668.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,900 shares of company stock worth $3,368,774. Company insiders own 1.26% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Folger Nolan Fleming Douglas Capital Management Inc. acquired a new stake in shares of Louisiana-Pacific in the 3rd quarter valued at approximately $256,000. New York State Teachers Retirement System boosted its position in Louisiana-Pacific by 5.4% in the third quarter. New York State Teachers Retirement System now owns 77,326 shares of the building manufacturing company’s stock valued at $8,309,000 after buying an additional 3,994 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Louisiana-Pacific by 4.8% during the third quarter. State of Alaska Department of Revenue now owns 7,265 shares of the building manufacturing company’s stock worth $780,000 after buying an additional 335 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in shares of Louisiana-Pacific by 73.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 5,254 shares of the building manufacturing company’s stock worth $561,000 after buying an additional 2,229 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Louisiana-Pacific by 68.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,456 shares of the building manufacturing company’s stock valued at $694,000 after acquiring an additional 2,615 shares during the last quarter. Institutional investors 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.