Louisiana-Pacific Co. (NYSE:LPX) Given Consensus Recommendation of “Hold” by Analysts

Louisiana-Pacific Co. (NYSE:LPX) has received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $87.11.

LPX has been the topic of several analyst reports. StockNews.com raised shares of Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. TheStreet lowered shares of Louisiana-Pacific from a “b-” rating to a “c+” rating in a research report on Thursday, February 29th. Loop Capital initiated coverage on shares of Louisiana-Pacific in a research report on Friday, May 3rd. They set a “hold” rating and a $82.00 price target on the stock. BMO Capital Markets lifted their price target on shares of Louisiana-Pacific from $83.00 to $99.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group lowered Louisiana-Pacific from a “neutral” rating to a “sell” rating and cut their target price for the company from $89.00 to $81.00 in a research report on Monday, June 17th.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 3,591 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $89.18, for a total transaction of $320,245.38. Following the sale, the director now owns 23,501 shares of the company’s stock, valued at $2,095,819.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.26% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently modified their holdings of the company. Westwood Holdings Group Inc. acquired a new position in shares of Louisiana-Pacific during the first quarter worth $15,649,000. Cetera Advisors LLC acquired a new position in Louisiana-Pacific in the first quarter valued at $400,000. Burney Co. acquired a new position in Louisiana-Pacific in the first quarter valued at $229,000. Swedbank AB acquired a new position in Louisiana-Pacific in the first quarter valued at $777,000. Finally, Virtu Financial LLC acquired a new position in Louisiana-Pacific in the first quarter valued at $827,000. Institutional investors and hedge funds own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.8 %

LPX stock opened at $85.91 on Friday. The company has a current ratio of 3.32, a quick ratio of 1.75 and a debt-to-equity ratio of 0.21. Louisiana-Pacific has a 12-month low of $49.47 and a 12-month high of $95.70. The stock has a market cap of $6.16 billion, a price-to-earnings ratio of 23.60, a PEG ratio of 11.25 and a beta of 1.92. The business’s 50-day moving average is $84.51 and its 200 day moving average is $76.39.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, May 8th. The building manufacturing company reported $1.53 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.40. The business had revenue of $724.00 million for the quarter, compared to analysts’ expectations of $686.84 million. Louisiana-Pacific had a return on equity of 20.87% and a net margin of 9.74%. The business’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.34 EPS. On average, sell-side analysts anticipate that Louisiana-Pacific will post 5.79 EPS for the current fiscal year.

Louisiana-Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date was Tuesday, May 21st. Louisiana-Pacific’s dividend payout ratio is currently 28.57%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.