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

Shares of Louisiana-Pacific Co. (NYSE:LPX) have received an average recommendation of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $111.50.

Several analysts recently issued reports on LPX shares. Truist Financial upped their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a report on Monday, January 6th. BMO Capital Markets raised their price target on Louisiana-Pacific from $105.00 to $108.00 and gave the company a “market perform” rating in a research report on Thursday, February 20th. TD Securities dropped their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a research note on Thursday, February 20th. Royal Bank of Canada reissued an “outperform” rating and issued a $125.00 price target on shares of Louisiana-Pacific in a report on Thursday, February 20th. Finally, Loop Capital reduced their price objective on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research report on Monday, February 24th.

Louisiana-Pacific Trading Up 2.7 %

Louisiana-Pacific stock opened at $95.21 on Tuesday. Louisiana-Pacific has a one year low of $71.39 and a one year high of $122.87. The company’s fifty day moving average price is $105.54 and its two-hundred day moving average price is $106.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 16.19, a PEG ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million for the quarter, compared to the consensus estimate of $666.75 million. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm’s revenue was up 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.71 EPS. On average, analysts forecast that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a $0.28 dividend. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a dividend yield of 1.18%. The ex-dividend date of this dividend was Thursday, February 27th. Louisiana-Pacific’s payout ratio is presently 19.05%.

Institutional Trading of Louisiana-Pacific

A number of hedge funds and other institutional investors have recently made changes to their positions in LPX. Coldstream Capital Management Inc. increased its position in Louisiana-Pacific by 2.6% in the 4th quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company’s stock valued at $383,000 after acquiring an additional 95 shares in the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of Louisiana-Pacific by 12.0% in the fourth quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock valued at $97,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Louisiana-Pacific by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock worth $1,802,000 after purchasing an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC lifted its holdings in Louisiana-Pacific by 3.2% during the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock worth $337,000 after buying an additional 100 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in Louisiana-Pacific by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after buying an additional 114 shares during the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

About Louisiana-Pacific

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.