Research Analysts Offer Predictions for LPX FY2024 Earnings

Louisiana-Pacific Co. (NYSE:LPX) – Research analysts at DA Davidson upped their FY2024 EPS estimates for shares of Louisiana-Pacific in a report issued on Wednesday, November 6th. DA Davidson analyst K. Yinger now forecasts that the building manufacturing company will post earnings of $5.53 per share for the year, up from their previous estimate of $5.28. DA Davidson has a “Buy” rating and a $125.00 price target on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.12 per share. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2024 earnings at $0.67 EPS.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, topping the consensus estimate 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 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 period in the previous year, the business earned $0.55 EPS.

Several other equities research analysts have also recently issued reports on LPX. Bank of America lifted their target price on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the stock an “underperform” rating in a research note on Thursday, September 12th. StockNews.com upgraded shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a report on Saturday, November 2nd. TD Securities boosted their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the stock a “hold” rating in a report on Wednesday. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a research note on Thursday, August 8th. Finally, Truist Financial lifted their price target on Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Louisiana-Pacific presently has an average rating of “Hold” and a consensus target price of $101.78.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX opened at $108.82 on Thursday. 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 $57.13 and a 1 year high of $113.04. The firm has a market capitalization of $7.65 billion, a PE ratio of 17.69, a P/E/G ratio of 4.63 and a beta of 1.88. The business’s 50 day moving average price is $102.11 and its 200-day moving average price is $93.09.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its position in Louisiana-Pacific by 11.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,740,249 shares of the building manufacturing company’s stock valued at $146,026,000 after purchasing an additional 177,132 shares during the period. Marshall Wace LLP grew its position in Louisiana-Pacific by 92.4% during the second quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock worth $103,363,000 after buying an additional 602,803 shares during the period. William Blair Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the 2nd quarter worth approximately $91,053,000. Jacobs Levy Equity Management Inc. increased its stake in Louisiana-Pacific by 6.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 925,514 shares of the building manufacturing company’s stock valued at $77,660,000 after purchasing an additional 57,966 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Louisiana-Pacific by 188.3% during the second quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock worth $36,834,000 after purchasing an additional 292,200 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Transactions at Louisiana-Pacific

In other news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO William Bradley Southern sold 32,600 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the completion of the transaction, the chief executive officer now directly owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.53% of the company’s stock.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 20th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. Louisiana-Pacific’s dividend payout ratio (DPR) is 16.91%.

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.