DA Davidson Raises Earnings Estimates for Louisiana-Pacific

Louisiana-Pacific Co. (NYSE:LPX) – Research analysts at DA Davidson boosted their Q3 2024 earnings per share estimates for shares of Louisiana-Pacific in a report released on Thursday, October 24th. DA Davidson analyst K. Yinger now expects that the building manufacturing company will earn $0.94 per share for the quarter, up from their previous forecast of $0.88. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.04 per share.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Wednesday, August 7th. The building manufacturing company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.23. Louisiana-Pacific had a return on equity of 27.09% and a net margin of 15.22%. The business had revenue of $814.00 million during the quarter, compared to analyst estimates of $797.26 million. During the same period in the previous year, the company posted $0.55 EPS. The firm’s revenue was up 33.2% compared to the same quarter last year.

A number of other equities research analysts have also commented on LPX. BMO Capital Markets lowered Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price target for the company. in a research report on Thursday, August 8th. Bank of America raised their price target on shares of Louisiana-Pacific from $73.00 to $75.00 and gave the company an “underperform” rating in a research report on Thursday, September 12th. The Goldman Sachs Group upped their price objective on shares of Louisiana-Pacific from $78.00 to $86.00 and gave the stock a “sell” rating in a research report on Thursday, August 8th. Royal Bank of Canada lifted their target price on shares of Louisiana-Pacific from $101.00 to $112.00 and gave the stock an “outperform” rating in a research report on Thursday, August 8th. Finally, Truist Financial upped their target price on Louisiana-Pacific from $105.00 to $113.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.56.

Louisiana-Pacific Stock Down 2.7 %

Louisiana-Pacific stock opened at $100.77 on Monday. The firm has a market capitalization of $7.08 billion, a price-to-earnings ratio of 16.39, a price-to-earnings-growth ratio of 4.63 and a beta of 1.88. The firm’s fifty day moving average price is $100.79 and its two-hundred day moving average price is $91.54. Louisiana-Pacific has a 1-year low of $49.47 and a 1-year high of $109.73. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21.

Institutional Investors Weigh In On Louisiana-Pacific

Hedge funds have recently made changes to their positions in the business. William Blair Investment Management LLC purchased a new stake in shares of Louisiana-Pacific during the second quarter valued at approximately $91,053,000. Marshall Wace LLP raised its holdings in Louisiana-Pacific by 92.4% during the 2nd quarter. Marshall Wace LLP now owns 1,255,474 shares of the building manufacturing company’s stock valued at $103,363,000 after buying an additional 602,803 shares during the last quarter. Renaissance Technologies LLC boosted its position in Louisiana-Pacific by 188.3% during the 2nd quarter. Renaissance Technologies LLC now owns 447,400 shares of the building manufacturing company’s stock valued at $36,834,000 after buying an additional 292,200 shares during the period. Assenagon Asset Management S.A. grew its holdings in Louisiana-Pacific by 768.5% in the 2nd quarter. Assenagon Asset Management S.A. now owns 270,341 shares of the building manufacturing company’s stock worth $22,257,000 after acquiring an additional 239,212 shares during the last quarter. Finally, Natixis bought a new position in shares of Louisiana-Pacific during the first quarter valued at about $16,371,000. 94.73% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the sale, the director now owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Ozey K. Horton, Jr. sold 800 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $96.10, for a total transaction of $76,880.00. Following the sale, the director now owns 29,008 shares in the company, valued at approximately $2,787,668.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total transaction of $245,750.00. Following the completion of the transaction, the director now owns 21,005 shares of the company’s stock, valued at $2,064,791.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,900 shares of company stock worth $3,368,774 in the last three months. 1.26% of the stock is currently owned by corporate insiders.

Louisiana-Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Investors of record on Tuesday, August 20th were issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date was Tuesday, August 20th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 16.91%.

About Louisiana-Pacific

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.