Posted by admin on Aug 7th, 2022

Louisiana-Pacific (NYSE:LPX – Get Rating) is scheduled to announce its earnings results before the market opens on Tuesday, August 9th. Analysts expect the company to announce earnings of $4.38 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Shares of NYSE LPX opened at $61.38 on Friday. The firm has a market capitalization of $5.04 billion, a P/E ratio of 3.70 and a beta of 1.65. Louisiana-Pacific has a one year low of $49.98 and a one year high of $79.77. The company’s fifty day moving average is $60.18 and its two-hundred day moving average is $64.52. The company has a debt-to-equity ratio of 0.21, a quick ratio of 2.09 and a current ratio of 2.92.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, August 17th. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. Louisiana-Pacific’s payout ratio is currently 5.31%.

Institutional investors and hedge funds have recently made changes to their positions in the business. Zions Bancorporation N.A. purchased a new position in shares of Louisiana-Pacific during the 1st quarter valued at approximately $25,000. Covestor Ltd lifted its stake in Louisiana-Pacific by 35.2% during the first quarter. Covestor Ltd now owns 1,720 shares of the building manufacturing company’s stock worth $107,000 after purchasing an additional 448 shares during the last quarter. First Republic Investment Management Inc. lifted its stake in Louisiana-Pacific by 8.6% during the first quarter. First Republic Investment Management Inc. now owns 3,514 shares of the building manufacturing company’s stock worth $218,000 after purchasing an additional 278 shares during the last quarter. EHP Funds Inc. bought a new position in Louisiana-Pacific during the first quarter worth $242,000. Finally, Canada Pension Plan Investment Board increased its position in Louisiana-Pacific by 206.1% in the first quarter. Canada Pension Plan Investment Board now owns 4,500 shares of the building manufacturing company’s stock worth $280,000 after buying an additional 3,030 shares during the period. 94.99% of the stock is currently owned by hedge funds and other institutional investors.

LPX has been the topic of several recent research reports. Bank of America lowered shares of Louisiana-Pacific from a “buy” rating to a “neutral” rating and set a $67.00 price objective on the stock. in a research report on Thursday, June 23rd. 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 research note on Thursday, June 23rd. TD Securities cut their target price on shares of Louisiana-Pacific from $85.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday, June 23rd. Finally, Truist Financial began coverage on shares of Louisiana-Pacific in a research note on Wednesday, June 29th. They set a “hold” rating and a $57.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $69.20.

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.

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