Louisiana-Pacific Corporation (NYSE:LPX) Receives $105.83 Average Price Target from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $105.8333.

LPX has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Monday, December 29th. Oppenheimer reaffirmed an “outperform” rating on shares of Louisiana-Pacific in a report on Tuesday, March 3rd. Royal Bank Of Canada reiterated an “outperform” rating and issued a $104.00 target price on shares of Louisiana-Pacific in a research note on Wednesday, February 18th. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a report on Thursday, March 5th. Finally, Truist Financial boosted their target price on shares of Louisiana-Pacific from $102.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $75.78 on Tuesday. The business’s 50-day simple moving average is $87.33 and its 200-day simple moving average is $86.76. 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 $73.42 and a 52 week high of $102.86. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 36.26 and a beta of 1.78.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.09. The firm had revenue of $567.00 million during the quarter, compared to analyst estimates of $589.96 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The company’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. As a group, equities research analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were paid a $0.30 dividend. The ex-dividend date was Friday, February 27th. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio is presently 53.59%.

Insider Buying and Selling

In related news, CEO William Bradley Southern sold 55,346 shares of the stock in a transaction that occurred on Wednesday, January 14th. The stock was sold at an average price of $91.66, for a total transaction of $5,073,014.36. Following the completion of the sale, the chief executive officer owned 503,381 shares in the company, valued at $46,139,902.46. This represents a 9.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director F Nicholas Grasberger III bought 20,000 shares of the stock in a transaction on 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 acquisition, the director directly owned 38,954 shares in the company, valued at approximately $3,330,177.46. The trade was a 105.52% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders sold 157,142 shares of company stock valued at $14,015,145. Insiders own 1.42% of the company’s stock.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds and other institutional investors have recently modified their holdings of the stock. Corient Private Wealth LLC increased its position in Louisiana-Pacific by 36.1% during the fourth quarter. Corient Private Wealth LLC now owns 7,494 shares of the building manufacturing company’s stock worth $605,000 after acquiring an additional 1,987 shares during the period. Hsbc Holdings PLC boosted its holdings in Louisiana-Pacific by 94.7% in the 4th quarter. Hsbc Holdings PLC now owns 21,916 shares of the building manufacturing company’s stock valued at $1,781,000 after purchasing an additional 10,661 shares during the period. Virtu Financial LLC acquired a new stake in Louisiana-Pacific in the 4th quarter worth $248,000. Alpine Woods Capital Investors LLC acquired a new stake in Louisiana-Pacific in the 4th quarter worth $665,000. Finally, Empowered Funds LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter worth about $810,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

About Louisiana-Pacific

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.