FY2024 EPS Estimates for LPX Increased by Seaport Res Ptn

Louisiana-Pacific Co. (NYSE:LPX) – Research analysts at Seaport Res Ptn lifted their FY2024 earnings estimates for Louisiana-Pacific in a research report issued on Monday, January 27th. Seaport Res Ptn analyst M. Weintraub now forecasts that the building manufacturing company will post earnings of $5.80 per share for the year, up from their prior forecast of $5.60. The consensus estimate for Louisiana-Pacific’s current full-year earnings is $5.59 per share. Seaport Res Ptn also issued estimates for Louisiana-Pacific’s Q1 2025 earnings at $1.10 EPS.

A number of other research firms also recently commented on LPX. The Goldman Sachs Group lifted their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Royal Bank of Canada lifted their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. StockNews.com lowered shares of Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th. Truist Financial boosted their target price on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Finally, DA Davidson increased their price target on Louisiana-Pacific from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $108.38.

Louisiana-Pacific Stock Performance

Shares of LPX opened at $114.86 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.69 and a current ratio of 2.92. The stock has a 50-day moving average of $111.89 and a two-hundred day moving average of $104.28. The stock has a market cap of $8.07 billion, a P/E ratio of 19.80, a P/E/G ratio of 1.40 and a beta of 1.94. Louisiana-Pacific has a one year low of $63.76 and a one year high of $122.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. lifted its stake in shares of Louisiana-Pacific by 98.8% in the 4th quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company’s stock valued at $33,000 after purchasing an additional 158 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Louisiana-Pacific in the fourth quarter valued at $35,000. Versant Capital Management Inc grew its stake in Louisiana-Pacific by 158.5% during the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company’s stock worth $36,000 after purchasing an additional 214 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Louisiana-Pacific during the 3rd quarter worth about $38,000. Finally, V Square Quantitative Management LLC acquired a new stake in Louisiana-Pacific in the 3rd quarter valued at about $43,000. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $113.50, for a total transaction of $283,750.00. Following the completion of the transaction, the director now owns 18,513 shares in the company, valued at $2,101,225.50. This represents a 11.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ozey K. Horton, Jr. sold 300 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $113.41, for a total value of $34,023.00. Following the sale, the director now owns 28,638 shares of the company’s stock, valued at approximately $3,247,835.58. This trade represents a 1.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.53% of the stock is currently owned by insiders.

Louisiana-Pacific Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were paid a $0.26 dividend. The ex-dividend date was Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.91%. Louisiana-Pacific’s dividend payout ratio is presently 17.93%.

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.