Seaport Res Ptn Has Positive Forecast for LPX Q4 Earnings

Louisiana-Pacific Co. (NYSE:LPX) – Research analysts at Seaport Res Ptn upped their Q4 2024 EPS estimates for Louisiana-Pacific in a research report issued on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now forecasts that the building manufacturing company will post earnings per share of $0.96 for the quarter, up from their prior forecast of $0.76. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.64 per share.

Several other equities analysts have also recently weighed in on the company. StockNews.com cut Louisiana-Pacific from a “buy” rating to a “hold” rating in a report on Sunday, November 10th. Royal Bank of Canada boosted their price target on Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price objective on Louisiana-Pacific from $90.00 to $99.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, DA Davidson boosted their target price on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $108.38.

Louisiana-Pacific Stock Down 0.7 %

Louisiana-Pacific stock opened at $117.29 on Thursday. The company has a fifty day simple moving average of $112.00 and a 200 day simple moving average of $104.59. The company has a current ratio of 2.92, a quick ratio of 1.69 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 1-year low of $63.76 and a 1-year high of $122.87. The company has a market cap of $8.24 billion, a P/E ratio of 20.22, a price-to-earnings-growth ratio of 1.39 and a beta of 1.94.

Institutional Investors Weigh In On Louisiana-Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Creative Planning grew its stake in shares of Louisiana-Pacific by 5.7% during the second quarter. Creative Planning now owns 9,162 shares of the building manufacturing company’s stock worth $754,000 after buying an additional 497 shares during the last quarter. Truist Financial Corp increased its holdings in Louisiana-Pacific by 8.1% in the 2nd quarter. Truist Financial Corp now owns 109,742 shares of the building manufacturing company’s stock worth $9,035,000 after purchasing an additional 8,177 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Louisiana-Pacific in the second quarter valued at about $1,268,000. SG Americas Securities LLC boosted its stake in shares of Louisiana-Pacific by 220.7% during the third quarter. SG Americas Securities LLC now owns 5,945 shares of the building manufacturing company’s stock valued at $639,000 after purchasing an additional 4,091 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Louisiana-Pacific by 4.3% during the third quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock valued at $255,000 after purchasing an additional 97 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Louisiana-Pacific news, Director Ozey K. Horton, Jr. sold 300 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $113.41, for a total transaction of $34,023.00. Following the sale, the director now directly owns 28,638 shares in the company, valued at $3,247,835.58. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were 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 approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.26% of the company’s stock.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.89%. 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.