Louisiana-Pacific Corporation (NYSE:LPX) Receives Average Rating of “Hold” from Brokerages

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $101.5714.

Several research firms have recently weighed in on LPX. Oppenheimer reiterated an “outperform” rating on shares of Louisiana-Pacific in a report on Tuesday, March 3rd. Weiss Ratings cut shares of Louisiana-Pacific from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, April 21st. Zacks Research cut shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Barclays reduced their price target on shares of Louisiana-Pacific from $104.00 to $90.00 and set an “overweight” rating for the company in a report on Wednesday, April 8th. Finally, BMO Capital Markets reduced their price target on shares of Louisiana-Pacific from $98.00 to $94.00 and set a “market perform” rating for the company in a report on Monday, April 20th.

Louisiana-Pacific Stock Up 1.0%

Shares of NYSE LPX opened at $69.71 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.53 and a current ratio of 2.78. Louisiana-Pacific has a 52-week low of $68.63 and a 52-week high of $102.86. The firm has a 50 day moving average price of $75.52 and a 200 day moving average price of $82.22. The stock has a market cap of $4.87 billion, a P/E ratio of 33.36, a P/E/G ratio of 1.06 and a beta of 1.60.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings results on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.24. The company had revenue of $574.00 million during the quarter, compared to analysts’ expectations of $569.99 million. Louisiana-Pacific had a net margin of 5.39% and a return on equity of 10.72%. Analysts expect that Louisiana-Pacific will post 2.7 EPS for the current year.

Louisiana-Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date is Thursday, May 14th. Louisiana-Pacific’s dividend payout ratio is 53.59%.

Insider Activity

In other news, CEO William Bradley Southern sold 14,166 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $89.29, for a total value of $1,264,882.14. Following the sale, the chief executive officer owned 461,719 shares of the company’s stock, valued at $41,226,889.51. The trade was a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director F Nicholas Grasberger III acquired 20,000 shares of the business’s stock in a transaction dated Thursday, February 19th. The stock was acquired at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the transaction, the director owned 38,954 shares of the company’s stock, valued at $3,330,177.46. This represents a 105.52% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.65% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Institutional investors have recently made changes to their positions in the business. Channing Capital Management LLC lifted its position in shares of Louisiana-Pacific by 12.0% in the third quarter. Channing Capital Management LLC now owns 840,500 shares of the building manufacturing company’s stock worth $74,670,000 after purchasing an additional 90,388 shares in the last quarter. Citigroup Inc. lifted its position in shares of Louisiana-Pacific by 48.9% in the third quarter. Citigroup Inc. now owns 95,161 shares of the building manufacturing company’s stock worth $8,454,000 after purchasing an additional 31,244 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Louisiana-Pacific by 1.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,549,853 shares of the building manufacturing company’s stock worth $137,666,000 after purchasing an additional 28,535 shares in the last quarter. Eminence Capital LP lifted its position in shares of Louisiana-Pacific by 7.9% in the third quarter. Eminence Capital LP now owns 3,115,959 shares of the building manufacturing company’s stock worth $276,822,000 after purchasing an additional 228,521 shares in the last quarter. Finally, Tudor Investment Corp ET AL bought a new stake in shares of Louisiana-Pacific in the third quarter worth $14,285,000. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.