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

Louisiana-Pacific Co. (NYSE:LPXFree Report) – Research analysts at Seaport Res Ptn lifted their FY2024 earnings per share (EPS) estimates for Louisiana-Pacific in a research note issued on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now expects that the building manufacturing company will post earnings of $5.80 per share for the year, up from their previous forecast of $5.60. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.59 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q1 2025 earnings at $1.10 EPS.

A number of other research analysts have also commented on the stock. BMO Capital Markets lifted their price objective on shares of Louisiana-Pacific from $99.00 to $103.00 and gave the company a “market perform” rating in a research note on Tuesday, November 12th. The Goldman Sachs Group upped their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. DA Davidson lifted their price objective on shares of Louisiana-Pacific from $110.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Royal Bank of Canada upped their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, StockNews.com downgraded shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $108.38.

View Our Latest Research Report on LPX

Louisiana-Pacific Price Performance

LPX stock opened at $114.86 on Wednesday. The business has a 50 day simple moving average of $111.89 and a 200-day simple moving average of $104.28. The company has a market capitalization of $8.07 billion, a P/E ratio of 19.80, a PEG ratio of 1.40 and a beta of 1.94. Louisiana-Pacific has a twelve month low of $63.76 and a twelve month high of $122.87. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21.

Institutional Trading of Louisiana-Pacific

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Louisiana-Pacific by 36.7% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,045 shares of the building manufacturing company’s stock valued at $2,261,000 after buying an additional 5,645 shares during the period. Miracle Mile Advisors LLC grew its position in Louisiana-Pacific by 269.7% in the fourth quarter. Miracle Mile Advisors LLC now owns 41,698 shares of the building manufacturing company’s stock valued at $4,318,000 after acquiring an additional 30,418 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Louisiana-Pacific by 238.1% during the third quarter. Empowered Funds LLC now owns 19,881 shares of the building manufacturing company’s stock worth $2,136,000 after purchasing an additional 14,001 shares in the last quarter. Ritholtz Wealth Management grew its holdings in Louisiana-Pacific by 65.0% during the 4th quarter. Ritholtz Wealth Management now owns 7,381 shares of the building manufacturing company’s stock valued at $764,000 after purchasing an additional 2,907 shares in the last quarter. Finally, Bamco Inc. NY increased its stake in Louisiana-Pacific by 65.7% during the 3rd quarter. Bamco Inc. NY now owns 516,472 shares of the building manufacturing company’s stock worth $55,500,000 after buying an additional 204,828 shares during the period. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Insider Activity at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now directly owns 18,513 shares in the company, valued at $2,101,225.50. The trade was a 11.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total value of $34,023.00. Following the sale, the director now directly owns 28,638 shares in the company, valued at approximately $3,247,835.58. The trade was a 1.04 % decrease in their position. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by company insiders.

Louisiana-Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend was Wednesday, November 20th. Louisiana-Pacific’s dividend payout ratio is currently 17.93%.

About Louisiana-Pacific

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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.

Further Reading

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