What is Seaport Res Ptn’s Estimate for LPX Q4 Earnings?

Louisiana-Pacific Co. (NYSE:LPX) – Analysts at Seaport Res Ptn upped their Q4 2024 earnings estimates for Louisiana-Pacific in a report released on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now expects that the building manufacturing company will earn $0.96 per share for the quarter, up from their prior forecast of $0.76. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.59 per share.

Other equities analysts have also recently issued reports about the stock. StockNews.com cut shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. TD Securities boosted their target price on Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group upped their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. DA Davidson boosted their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Truist Financial lifted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $108.38.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $118.26 on Thursday. Louisiana-Pacific has a 52 week low of $63.76 and a 52 week high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The company has a market capitalization of $8.31 billion, a PE ratio of 20.39, a PEG ratio of 1.40 and a beta of 1.94. The company’s 50 day moving average price is $111.97 and its 200 day moving average price is $104.38.

Louisiana-Pacific Dividend Announcement

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Louisiana-Pacific

Several large investors have recently bought and sold shares of the stock. UMB Bank n.a. increased its position in shares of Louisiana-Pacific by 98.8% during the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Louisiana-Pacific in the 4th quarter worth about $35,000. Versant Capital Management Inc increased its holdings in shares of Louisiana-Pacific by 158.5% during the fourth quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after buying an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Louisiana-Pacific during the third quarter worth approximately $38,000. Finally, V Square Quantitative Management LLC bought a new position in shares of Louisiana-Pacific in the third quarter valued at approximately $43,000. 94.73% of the stock is currently 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.