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Louisiana-Pacific Co. (NYSE:LPX - Get Rating) - Investment analysts at DA Davidson boosted their FY2023 EPS estimates for shares of Louisiana-Pacific in a research note issued to investors on Wednesday, August 10th. DA Davidson analyst K. Yinger now expects that the building manufacturing company will earn $4.35 per share for the year, up from their previous estimate of $3.95. The consensus estimate for Louisiana-Pacific's current full-year earnings is $13.69 per share.
Other equities research analysts have also issued reports about the stock. Bank of America lowered shares of Louisiana-Pacific from a "buy" rating to a "neutral" rating and set a $67.00 price objective for the company. in a report on Thursday, June 23rd. 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 objective for the company. The Goldman Sachs Group cut their target price on shares of Louisiana-Pacific from $90.00 to $65.00 and set a "neutral" rating for the company in a report on Thursday, June 23rd. Finally, TD Securities cut their target price on shares of Louisiana-Pacific from $80.00 to $75.00 and set a "buy" rating for the company in a report on Wednesday. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Louisiana-Pacific currently has an average rating of "Hold" and an average target price of $69.20.Louisiana-Pacific Trading Up 3.5 %
Shares of LPX opened at $59.49 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.60 and a quick ratio of 2.09. Louisiana-Pacific has a 1 year low of $49.98 and a 1 year high of $79.77. The company has a 50 day simple moving average of $59.31 and a two-hundred day simple moving average of $64.35. The firm has a market cap of $4.39 billion, a P/E ratio of 3.63 and a beta of 1.65.
Louisiana-Pacific (NYSE:LPX - Get Rating) last released its earnings results on Tuesday, August 9th. The building manufacturing company reported $4.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.38 by ($0.19). Louisiana-Pacific had a return on equity of 94.18% and a net margin of 30.50%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period in the prior year, the company posted $4.74 earnings per share. The company's revenue was down 3.3% compared to the same quarter last year. Institutional Trading of Louisiana-Pacific
A number of institutional investors have recently bought and sold shares of the stock. First Trust Advisors LP increased its stake in shares of Louisiana-Pacific by 24.7% during the first quarter. First Trust Advisors LP now owns 3,311,921 shares of the building manufacturing company's stock valued at $205,737,000 after buying an additional 655,132 shares during the period. State Street Corp grew its stake in shares of Louisiana-Pacific by 2.1% during the first quarter. State Street Corp now owns 2,441,912 shares of the building manufacturing company's stock worth $151,692,000 after acquiring an additional 50,575 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its stake in shares of Louisiana-Pacific by 17.8% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,346,563 shares of the building manufacturing company's stock worth $145,768,000 after acquiring an additional 355,141 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Louisiana-Pacific by 3.8% during the first quarter. Bank of America Corp DE now owns 1,774,621 shares of the building manufacturing company's stock worth $110,239,000 after acquiring an additional 64,723 shares during the last quarter. Finally, LSV Asset Management grew its stake in shares of Louisiana-Pacific by 7.3% during the first quarter. LSV Asset Management now owns 1,591,283 shares of the building manufacturing company's stock worth $98,850,000 after acquiring an additional 107,961 shares during the last quarter. 94.99% of the stock is currently owned by institutional investors. Louisiana-Pacific Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be given a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.88 dividend on an annualized basis and a yield of 1.48%. Louisiana-Pacific's dividend payout ratio is presently 5.37%. 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.Featured ArticlesGet a free copy of the StockNews.com research report on Louisiana-Pacific (LPX)Can You Guess Which EV Stock Is Beating Tesla ?Look at Honeywell for a Steady and Diversified StockWhy Invest in High-Yield Dividend Stocks?Find and Profitably Trade Stocks at 52-Week LowsDisney (NYSE: DIS) Shares Just Gave Investors A Massive Signal
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