What is Seaport Res Ptn’s Forecast for LPX FY2024 Earnings?

Louisiana-Pacific Co. (NYSE:LPX) – Investment analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for shares of Louisiana-Pacific in a note issued to investors on Wednesday, November 6th. Seaport Res Ptn analyst M. Weintraub now forecasts that the building manufacturing company will earn $5.60 per share for the year, up from their prior forecast of $5.20. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.54 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q4 2024 earnings at $0.76 EPS, Q3 2025 earnings at $1.55 EPS, Q4 2025 earnings at $0.90 EPS and FY2025 earnings at $5.00 EPS.

Several other research firms have also commented on LPX. Bank of America increased their price objective on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research note on Thursday, September 12th. Royal Bank of Canada increased their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. TD Securities increased their price objective on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a research note on Wednesday, November 6th. StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, The Goldman Sachs Group increased their target price on shares of Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.22.

Louisiana-Pacific Trading Up 0.4 %

LPX opened at $112.78 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 1.95. Louisiana-Pacific has a fifty-two week low of $57.72 and a fifty-two week high of $114.26. The firm has a market capitalization of $7.92 billion, a PE ratio of 19.44, a P/E/G ratio of 2.74 and a beta of 1.88. The company’s 50-day moving average is $103.08 and its 200 day moving average is $94.15.

Institutional Trading of Louisiana-Pacific

Institutional investors and hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. purchased a new stake in shares of Louisiana-Pacific during the 3rd quarter valued at $38,000. V Square Quantitative Management LLC purchased a new position in Louisiana-Pacific in the 3rd quarter worth $43,000. Covestor Ltd increased its position in shares of Louisiana-Pacific by 61.0% in the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock valued at $46,000 after acquiring an additional 163 shares during the period. Bessemer Group Inc. raised its stake in shares of Louisiana-Pacific by 258.5% during the first quarter. Bessemer Group Inc. now owns 441 shares of the building manufacturing company’s stock valued at $37,000 after acquiring an additional 318 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its stake in shares of Louisiana-Pacific by 77.3% during the third quarter. First Horizon Advisors Inc. now owns 461 shares of the building manufacturing company’s stock valued at $50,000 after acquiring an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value 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 $55,773,027.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now directly 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 ownership of the stock. The disclosure for this sale can be found here. 1.26% of the stock is owned by insiders.

Louisiana-Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.92%. The ex-dividend date is Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 17.93%.

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.