Louisiana-Pacific Co. (NYSE:LPX) Receives $111.50 Consensus Price Target from Brokerages

Shares of Louisiana-Pacific Co. (NYSE:LPX) have been assigned an average rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $111.50.

Several equities research analysts have recently commented on LPX shares. Loop Capital cut their price target on Louisiana-Pacific from $117.00 to $110.00 and set a “hold” rating for the company in a research note on Monday, February 24th. BMO Capital Markets upped their price objective on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research report on Thursday, February 20th. Truist Financial lifted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating for the company in a report on Thursday, February 20th. Finally, TD Securities lowered their price objective on Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th.

Louisiana-Pacific Trading Down 1.3 %

NYSE LPX opened at $93.53 on Tuesday. The firm’s fifty day moving average is $104.42 and its two-hundred day moving average is $106.43. Louisiana-Pacific has a one year low of $71.39 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.86. The firm has a market cap of $6.52 billion, a PE ratio of 15.91, a P/E/G ratio of 1.24 and a beta of 2.02.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a return on equity of 25.35% and a net margin of 14.31%. The firm had revenue of $681.00 million for the quarter, compared to analysts’ expectations of $666.75 million. During the same quarter in the previous year, the firm posted $0.71 EPS. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.28 per share. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, February 27th. This represents a $1.12 annualized dividend and a dividend yield of 1.20%. Louisiana-Pacific’s payout ratio is 19.05%.

Hedge Funds Weigh In On Louisiana-Pacific

Several hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its holdings in Louisiana-Pacific by 1,736.2% in the fourth quarter. Alyeska Investment Group L.P. now owns 891,351 shares of the building manufacturing company’s stock valued at $92,299,000 after purchasing an additional 842,809 shares during the last quarter. Norges Bank acquired a new stake in Louisiana-Pacific in the 4th quarter valued at about $78,181,000. FMR LLC increased its holdings in Louisiana-Pacific by 25.2% during the 3rd quarter. FMR LLC now owns 3,167,946 shares of the building manufacturing company’s stock valued at $340,427,000 after acquiring an additional 638,058 shares in the last quarter. Palestra Capital Management LLC acquired a new position in Louisiana-Pacific during the fourth quarter worth about $34,521,000. Finally, Principal Financial Group Inc. lifted its holdings in shares of Louisiana-Pacific by 215.0% in the fourth quarter. Principal Financial Group Inc. now owns 470,167 shares of the building manufacturing company’s stock valued at $48,686,000 after purchasing an additional 320,912 shares in the last quarter. 94.73% of the stock is owned by hedge funds and other institutional investors.

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.