Louisiana-Pacific Corporation (NYSE:LPX) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been assigned an average recommendation of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is $94.00.

LPX has been the subject of a number of recent analyst reports. TD raised their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Barclays cut their target price on shares of Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Bank of America raised their target price on Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Truist Financial lowered their price target on Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings raised Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, September 2nd.

Institutional Trading of Louisiana-Pacific

A number of hedge funds have recently made changes to their positions in the stock. Berkshire Hathaway Inc purchased a new position in shares of Louisiana-Pacific during the 2nd quarter valued at $445,593,000. Geode Capital Management LLC raised its holdings in shares of Louisiana-Pacific by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,160,434 shares of the building manufacturing company’s stock worth $93,735,000 after acquiring an additional 18,287 shares in the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of Louisiana-Pacific during the fourth quarter worth $14,472,000. Principal Financial Group Inc. boosted its position in Louisiana-Pacific by 20.5% during the first quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock valued at $36,219,000 after purchasing an additional 84,661 shares during the last quarter. Finally, Norges Bank acquired a new stake in Louisiana-Pacific during the fourth quarter valued at $60,184,000. 94.73% of the stock is owned by hedge funds and other institutional investors.

Louisiana-Pacific Trading Up 0.1%

Shares of LPX opened at $68.23 on Tuesday. The business’s 50-day moving average price is $73.58 and its 200 day moving average price is $74.64. The stock has a market capitalization of $4.77 billion, a P/E ratio of 86.37, a P/E/G ratio of 9.65 and a beta of 1.59. Louisiana-Pacific has a 1-year low of $66.12 and a 1-year high of $101.28. The company has a current ratio of 3.22, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20.

Louisiana-Pacific (NYSE:LPX) last posted its quarterly earnings data on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. The firm had revenue of $664.00 million for the quarter, compared to analysts’ expectations of $667.31 million. During the same period in the prior year, the company posted $0.99 earnings per share. Louisiana-Pacific’s quarterly revenue was down 12.1% compared to the same quarter last year. Analysts expect that Louisiana-Pacific will post 1.17 earnings per share for the current year.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 1.8%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 151.90%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.