Posted by admin on Aug 16th, 2022

Louisiana-Pacific (NYSE:LPX – Get Rating) had its price target boosted by DA Davidson to $70.00 in a report released on Monday, Stock Target Advisor reports. DA Davidson also issued estimates for Louisiana-Pacific’s FY2023 earnings at $4.35 EPS.

A number of other brokerages have also recently commented on LPX. TD Securities decreased their price target on Louisiana-Pacific from $80.00 to $75.00 and set a buy rating on the stock in a research note on Wednesday, August 10th. Bank of America downgraded 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. Truist Financial assumed coverage on shares of Louisiana-Pacific in a research report on Wednesday, June 29th. They set a hold rating and a $57.00 price target for the company. Finally, The Goldman Sachs Group decreased their price objective on shares of Louisiana-Pacific from $90.00 to $65.00 and set a neutral rating on the stock in a research report on Thursday, June 23rd. Four research 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 a consensus rating of Hold and a consensus price target of $69.33.

Shares of Louisiana-Pacific stock opened at $59.73 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.94 and a current ratio of 2.60. Louisiana-Pacific has a 52-week low of $49.98 and a 52-week high of $79.77. The company has a fifty day moving average of $58.80 and a 200-day moving average of $64.28. The stock has a market capitalization of $4.41 billion, a price-to-earnings ratio of 3.64 and a beta of 1.65.

Louisiana-Pacific (NYSE:LPX – Get Rating) last posted its quarterly 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). The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.26 billion. Louisiana-Pacific had a net margin of 30.50% and a return on equity of 94.18%. The business’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.74 earnings per share. Equities research analysts expect that Louisiana-Pacific will post 12.87 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $0.88 annualized dividend and a yield of 1.47%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 5.37%.

A number of large investors have recently modified their holdings of the stock. Zions Bancorporation N.A. purchased a new stake in Louisiana-Pacific in the first quarter worth about $25,000. Financial Management Professionals Inc. boosted its position in Louisiana-Pacific by 2,900.0% during the 2nd quarter. Financial Management Professionals Inc. now owns 480 shares of the building manufacturing company’s stock valued at $25,000 after acquiring an additional 464 shares in the last quarter. Rather & Kittrell Inc. bought a new stake in Louisiana-Pacific during the 4th quarter valued at approximately $43,000. TCI Wealth Advisors Inc. bought a new stake in Louisiana-Pacific during the 1st quarter valued at approximately $39,000. Finally, Ahrens Investment Partners LLC bought a new stake in Louisiana-Pacific during the 1st quarter valued at approximately $40,000. Institutional investors own 94.99% of the company’s stock.

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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