Louisiana-Pacific Corporation (NYSE:LPX) Stock Has Average Target Price of $93.67 According to Brokerages

Louisiana-Pacific Corporation (NYSE:LPX) has received a consensus rating of “Moderate Buy” from the fifteen analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and twelve have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $93.67.

A number of equities research analysts have weighed in on the stock. Bank of America upped their price objective on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Truist Financial lowered their target price on shares of Louisiana-Pacific from $91.00 to $89.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 30th. TD upped their price target on Louisiana-Pacific from $86.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 14th. Finally, Barclays reduced their price objective on Louisiana-Pacific from $93.00 to $92.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th.

Hedge Funds Weigh In On Louisiana-Pacific

Several large investors have recently modified their holdings of the stock. Berkshire Hathaway Inc purchased a new stake in shares of Louisiana-Pacific during the second quarter valued at approximately $445,593,000. Geode Capital Management LLC raised its holdings in Louisiana-Pacific by 1.6% in the 4th 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 during the last quarter. Norges Bank purchased a new position in Louisiana-Pacific in the 4th quarter worth approximately $60,184,000. Principal Financial Group Inc. raised its holdings in Louisiana-Pacific by 20.5% in the 1st quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock worth $36,219,000 after acquiring an additional 84,661 shares during the last quarter. Finally, Eminence Capital LP lifted its position in Louisiana-Pacific by 29.9% in the 4th quarter. Eminence Capital LP now owns 4,048,136 shares of the building manufacturing company’s stock valued at $326,927,000 after acquiring an additional 932,177 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of LPX stock opened at $66.02 on Friday. The company’s fifty day moving average price is $70.91 and its 200-day moving average price is $72.97. The stock has a market cap of $4.62 billion, a PE ratio of 83.57, a price-to-earnings-growth ratio of 9.44 and a beta of 1.59. 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 has a 12 month low of $64.49 and a 12 month high of $100.34.

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

Louisiana-Pacific Announces Dividend

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

About Louisiana-Pacific

Louisiana-Pacific Corporation, operating as LP Building Solutions, manufactures building products used in residential, repair and remodeling, and commercial construction. Its portfolio includes oriented strand board (OSB) structural panels, siding, trim, and related engineered wood products designed for walls, roofs, floors, and exterior applications.

The company’s principal brands include LP SmartSide siding and trim, which are engineered wood products for residential and light-commercial exteriors, and LP Structural Solutions products, including OSB panels and specialty sheathing.