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Louisiana-Pacific Co. (NYSE:LPX - Get Rating) has been assigned an average recommendation of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $69.20.
LPX has been the topic of several analyst reports. Truist Financial initiated coverage on shares of Louisiana-Pacific in a report on Wednesday, June 29th. They set a "hold" rating and a $57.00 price target on the stock. The Goldman Sachs Group cut their price target on shares of Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating on the stock in a report on Thursday, June 23rd. StockNews.com initiated coverage on shares of Louisiana-Pacific in a report on Thursday, March 31st. They set a "hold" rating on the stock. TD Securities cut their price target on shares of Louisiana-Pacific from $85.00 to $75.00 and set a "buy" rating on the stock in a report on Thursday, June 23rd. Finally, Bank of America cut shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 target price on the stock. in a research note on Thursday, June 23rd.Louisiana-Pacific Trading Up 1.5 %
NYSE:LPX opened at $57.81 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.92 and a quick ratio of 2.09. The firm has a 50-day moving average of $62.18 and a 200-day moving average of $65.85. The company has a market cap of $4.75 billion, a PE ratio of 3.49 and a beta of 1.62. Louisiana-Pacific has a one year low of $49.98 and a one year high of $79.77.
Louisiana-Pacific (NYSE:LPX - Get Rating) last posted its earnings results on Tuesday, May 3rd. The building manufacturing company reported $5.08 EPS for the quarter, topping the consensus estimate of $4.54 by $0.54. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.26 billion. Louisiana-Pacific had a net margin of 31.62% and a return on equity of 105.01%. The firm's revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.01 earnings per share. As a group, equities research analysts expect that Louisiana-Pacific will post 14.11 EPS for the current fiscal year. Louisiana-Pacific Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, May 26th. Shareholders of record on Thursday, May 12th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date was Wednesday, May 11th. Louisiana-Pacific's payout ratio is 5.31%. Insider Activity at Louisiana-Pacific
In related news, Director Lizanne C. Gottung sold 7,635 shares of the company's stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $75.02, for a total transaction of $572,777.70. Following the sale, the director now directly owns 31,522 shares in the company, valued at approximately $2,364,780.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.26% of the stock is currently owned by corporate insiders. Institutional Trading of Louisiana-Pacific
A number of hedge funds and other institutional investors have recently bought and sold shares of LPX. Thompson Siegel & Walmsley LLC increased its holdings in Louisiana-Pacific by 538.1% during the 1st quarter. Thompson Siegel & Walmsley LLC now owns 779,884 shares of the building manufacturing company's stock worth $48,446,000 after acquiring an additional 657,670 shares during the period. First Trust Advisors LP increased its holdings in shares of Louisiana-Pacific by 24.7% in the 1st quarter. First Trust Advisors LP now owns 3,311,921 shares of the building manufacturing company's stock worth $205,737,000 after buying an additional 655,132 shares during the last quarter. Marshall Wace LLP increased its holdings in shares of Louisiana-Pacific by 253.8% in the 4th quarter. Marshall Wace LLP now owns 539,943 shares of the building manufacturing company's stock worth $42,305,000 after buying an additional 387,324 shares during the last quarter. Royce & Associates LP bought a new position in shares of Louisiana-Pacific in the 4th quarter worth $28,099,000. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of Louisiana-Pacific by 17.8% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,346,563 shares of the building manufacturing company's stock worth $145,768,000 after buying an additional 355,141 shares during the last quarter. Institutional investors own 94.99% of the company's stock. About Louisiana-Pacific (Get Rating)
Louisiana-Pacific Corporation, together with its subsidiaries, manufactures and markets building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through four segments: Siding; Oriented Strand Board (OSB); Engineered Wood Products (EWP); and South America.Recommended StoriesGet a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)Financial services firm Block stock has fallen (-59%) in 2022Hold Pfizer Today With Catalysts for Further Growth Tomorrow NVIDIA Stock is a Winding Up for a Record Setting Second HalfJohnson & Johnson Continues to Prove its Value in a Volatile Year MarketBeat: Week in Review 7/11 – 7/15
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