Posted by admin on Jun 30th, 2022
Truist Financial assumed coverage on shares of Louisiana-Pacific (NYSE:LPX – Get Rating) in a report issued on Wednesday morning, MarketBeat.com reports. The firm issued a hold rating and a $57.00 price objective on the building manufacturing company’s stock.
A number of other equities analysts also recently commented on the company. Bank of America downgraded Louisiana-Pacific from a buy rating to a neutral rating and set a $67.00 target price for the company. in a research note on Thursday, June 23rd. StockNews.com initiated coverage on Louisiana-Pacific in a research report on Thursday, March 31st. They set a hold rating for the company. The Goldman Sachs Group reduced 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. Finally, TD Securities reduced their price objective on Louisiana-Pacific from $85.00 to $75.00 and set a buy rating for the company in a research report on Thursday, June 23rd. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of Hold and a consensus price target of $69.20.
Shares of LPX stock opened at $51.91 on Wednesday. The company has a quick ratio of 2.09, a current ratio of 2.92 and a debt-to-equity ratio of 0.21. The business has a 50 day moving average of $65.16 and a two-hundred day moving average of $67.67. Louisiana-Pacific has a 52 week low of $49.98 and a 52 week high of $79.77. The company has a market cap of $4.26 billion, a P/E ratio of 3.13 and a beta of 1.53.
Louisiana-Pacific (NYSE:LPX – Get Rating) last issued its earnings results on Tuesday, May 3rd. The building manufacturing company reported $5.08 EPS for the quarter, beating analysts’ consensus estimates of $4.54 by $0.54. Louisiana-Pacific had a return on equity of 105.01% and a net margin of 31.62%. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same period in the previous year, the firm posted $3.01 earnings per share. Louisiana-Pacific’s quarterly revenue was up 31.5% compared to the same quarter last year. Analysts expect that Louisiana-Pacific will post 14.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 26th. Stockholders of record on Thursday, May 12th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, May 11th. This represents a $0.88 annualized dividend and a dividend yield of 1.70%. Louisiana-Pacific’s dividend payout ratio is presently 5.31%.
In related news, Director Lizanne C. Gottung sold 7,635 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $75.02, for a total transaction of $572,777.70. Following the sale, the director now owns 31,522 shares of the company’s stock, valued at $2,364,780.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.26% of the stock is owned by insiders.
A number of large investors have recently made changes to their positions in the stock. Bank of America Corp DE raised its holdings in 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 purchasing an additional 64,723 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of Louisiana-Pacific by 291.5% in the first quarter. Verition Fund Management LLC now owns 96,895 shares of the building manufacturing company’s stock valued at $6,019,000 after buying an additional 72,146 shares in the last quarter. Advisory Services Network LLC increased its holdings in shares of Louisiana-Pacific by 47.4% in the first quarter. Advisory Services Network LLC now owns 10,844 shares of the building manufacturing company’s stock valued at $674,000 after buying an additional 3,486 shares in the last quarter. Toroso Investments LLC increased its holdings in shares of Louisiana-Pacific by 5.0% in the first quarter. Toroso Investments LLC now owns 24,274 shares of the building manufacturing company’s stock valued at $1,508,000 after buying an additional 1,147 shares in the last quarter. Finally, Golden State Equity Partners bought a new position in shares of Louisiana-Pacific in the first quarter valued at $482,000. 94.99% of the stock is currently owned by hedge funds and other institutional investors.
Louisiana-Pacific Company Profile (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.
Receive News & Ratings for Louisiana-Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Louisiana-Pacific and related companies with MarketBeat.com's FREE daily email newsletter.
The Hanover Insurance Group (NYSE:THG) Now Covered by Analysts at Morgan Stanley
Canopy Growth (TSE:WEED) Price Target Cut to C$13.00