DA Davidson Has Optimistic Outlook of LPX FY2024 Earnings

Louisiana-Pacific Co. (NYSE:LPX) – Investment analysts at DA Davidson boosted their FY2024 earnings per share (EPS) estimates for Louisiana-Pacific in a note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger now expects that the building manufacturing company will post earnings of $5.53 per share for the year, up from their previous estimate of $5.28. DA Davidson has a “Buy” rating and a $125.00 price objective on the stock. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.12 per share. DA Davidson also issued estimates for Louisiana-Pacific’s Q4 2024 earnings at $0.67 EPS.

Louisiana-Pacific (NYSE:LPX) last released its quarterly earnings data on Wednesday, August 7th. The building manufacturing company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.23. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. The firm had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. During the same period in the previous year, the company earned $0.55 earnings per share. The firm’s quarterly revenue was up 33.2% on a year-over-year basis.

Several other equities analysts also recently commented on the company. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. The Goldman Sachs Group upped their price target on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research note on Wednesday. BMO Capital Markets cut shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective on the stock. in a research report on Thursday, August 8th. Truist Financial upped their target price on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, TD Securities lifted their price target on shares of Louisiana-Pacific from $115.00 to $123.00 and gave the company a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $101.78.

Louisiana-Pacific Trading Up 0.6 %

Louisiana-Pacific stock opened at $108.82 on Thursday. Louisiana-Pacific has a 12-month low of $57.13 and a 12-month high of $113.04. The firm has a market capitalization of $7.65 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 4.63 and a beta of 1.88. The firm has a 50 day moving average of $102.11 and a 200 day moving average of $93.09. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 20th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.96%. Louisiana-Pacific’s dividend payout ratio is 16.91%.

Insider Transactions at Louisiana-Pacific

In other news, Director Lizanne C. Gottung sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO William Bradley Southern sold 32,600 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total value of $3,046,144.00. Following the completion of the sale, the chief executive officer now owns 596,886 shares in the company, valued at approximately $55,773,027.84. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $98.30, for a total transaction of $245,750.00. Following the transaction, the director now owns 21,005 shares in the company, valued at approximately $2,064,791.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.53% of the company’s stock.

Hedge Funds Weigh In On Louisiana-Pacific

A number of large investors have recently added to or reduced their stakes in LPX. CWM LLC increased its position in shares of Louisiana-Pacific by 4.3% in the 3rd quarter. CWM LLC now owns 2,376 shares of the building manufacturing company’s stock valued at $255,000 after acquiring an additional 97 shares during the period. Gateway Investment Advisers LLC increased its holdings in shares of Louisiana-Pacific by 4.0% in the third quarter. Gateway Investment Advisers LLC now owns 2,603 shares of the building manufacturing company’s stock valued at $280,000 after purchasing an additional 99 shares during the period. Hanseatic Management Services Inc. raised its stake in shares of Louisiana-Pacific by 23.3% in the third quarter. Hanseatic Management Services Inc. now owns 835 shares of the building manufacturing company’s stock worth $90,000 after purchasing an additional 158 shares during the last quarter. Covestor Ltd lifted its holdings in shares of Louisiana-Pacific by 61.0% during the third quarter. Covestor Ltd now owns 430 shares of the building manufacturing company’s stock worth $46,000 after purchasing an additional 163 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Louisiana-Pacific by 1.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,027 shares of the building manufacturing company’s stock worth $1,237,000 after buying an additional 167 shares during the period. 94.73% of the stock is currently owned by institutional investors.

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.