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Louisiana-Pacific Co. (NYSE:LPX - Get Rating) has been given an average recommendation of "Hold" by the seven analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $67.50.
Several brokerages recently issued reports on LPX. Truist Financial began coverage on Louisiana-Pacific in a research report on Wednesday, June 29th. They issued a "hold" rating and a $57.00 price objective for the company. TD Securities decreased their price objective on Louisiana-Pacific from $80.00 to $75.00 and set a "buy" rating for the company in a research report on Wednesday, August 10th. The Goldman Sachs Group decreased their price objective on Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating for the company in a research report on Thursday, June 23rd. Bank of America lowered Louisiana-Pacific from a "neutral" rating to an "underperform" rating and decreased their price objective for the company from $64.00 to $56.00 in a research report on Tuesday, September 20th. Finally, DA Davidson upped their price target on Louisiana-Pacific to $70.00 in a research report on Monday, August 15th.Louisiana-Pacific Stock Performance
Shares of LPX stock opened at $51.19 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.60 and a quick ratio of 1.94. The stock has a market cap of $3.78 billion, a PE ratio of 3.12 and a beta of 1.68. The stock has a 50-day moving average of $56.51 and a 200-day moving average of $61.06. Louisiana-Pacific has a one year low of $48.20 and a one year high of $79.77.
Louisiana-Pacific (NYSE:LPX - Get Rating) last announced its quarterly earnings results on Tuesday, August 9th. The building manufacturing company reported $4.19 EPS for the quarter, missing analysts' consensus estimates of $4.38 by ($0.19). The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.26 billion. Louisiana-Pacific had a net margin of 30.50% and a return on equity of 94.18%. The business's revenue was down 3.3% compared to the same quarter last year. During the same period last year, the company earned $4.74 earnings per share. As a group, sell-side analysts expect that Louisiana-Pacific will post 12.8 earnings per share for the current year. Louisiana-Pacific Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Wednesday, August 17th. Louisiana-Pacific's dividend payout ratio is currently 5.37%. Institutional Investors Weigh In On Louisiana-Pacific
A number of large investors have recently added to or reduced their stakes in the business. Altman Advisors Inc. increased its position in Louisiana-Pacific by 0.9% during the 1st quarter. Altman Advisors Inc. now owns 19,231 shares of the building manufacturing company's stock worth $1,195,000 after buying an additional 163 shares during the period. CAPROCK Group Inc. increased its position in Louisiana-Pacific by 5.2% during the 1st quarter. CAPROCK Group Inc. now owns 4,073 shares of the building manufacturing company's stock worth $253,000 after buying an additional 200 shares during the period. Captrust Financial Advisors increased its position in Louisiana-Pacific by 2.5% during the 1st quarter. Captrust Financial Advisors now owns 9,020 shares of the building manufacturing company's stock worth $560,000 after buying an additional 220 shares during the period. Astrantus Ltd increased its position in Louisiana-Pacific by 6.2% during the 1st quarter. Astrantus Ltd now owns 4,100 shares of the building manufacturing company's stock worth $255,000 after buying an additional 238 shares during the period. Finally, First Republic Investment Management Inc. increased its position in Louisiana-Pacific by 8.6% during the 1st quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company's stock worth $218,000 after buying an additional 278 shares during the period. Institutional investors own 91.07% of the company's stock. About Louisiana-Pacific (Get Rating)
Louisiana-Pacific Corp. engages in the design and manufacture of engineered wood building products for builders, remodelers, and homeowners. It operates through the following segments: Siding, Oriented Strand Board (OSB), South America, and Other. The Siding segment offers engineered wood siding, trim, soffit, and fascia under the brands of LP, SmartSide, Trim & Siding LP, SmartSide, and ExpertFinish.Featured ArticlesGet a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)EV Battery Maker Freyr Set For Major Global Expansion MarketBeat: Week in Review 9/26 – 9/30This Is A Memorable Time To Buy Into Micron TechnologyLet Paychex Stock Work Hard For You Declining Profits Challenge the CarMax Value Proposition
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