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

Shares of Louisiana-Pacific Co. (NYSE:LPX) have received an average recommendation of “Hold” from the nine ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $111.50.

Several brokerages have issued reports on LPX. The Goldman Sachs Group raised their target price on Louisiana-Pacific from $90.00 to $99.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. DA Davidson dropped their price objective on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 target price on shares of Louisiana-Pacific in a report on Thursday, February 20th. Truist Financial lifted their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the stock a “buy” rating in a research note on Monday, January 6th. Finally, StockNews.com lowered Louisiana-Pacific from a “buy” rating to a “hold” rating in a research note on Sunday, November 10th.

Insider Buying and Selling at Louisiana-Pacific

In related news, Director Lizanne C. Gottung sold 2,500 shares of the company’s stock in a transaction on 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 approximately $2,101,225.50. This represents a 11.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.26% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several hedge funds have recently bought and sold shares of LPX. Putney Financial Group LLC bought a new stake in shares of Louisiana-Pacific in the fourth quarter worth about $389,000. Mackenzie Financial Corp increased its stake in Louisiana-Pacific by 193.6% in the 4th quarter. Mackenzie Financial Corp now owns 10,201 shares of the building manufacturing company’s stock worth $1,056,000 after acquiring an additional 6,727 shares during the last quarter. Western Wealth Management LLC purchased a new stake in shares of Louisiana-Pacific during the 4th quarter worth approximately $207,000. Breed s Hill Capital LLC bought a new position in shares of Louisiana-Pacific during the 4th quarter valued at approximately $207,000. Finally, Woodline Partners LP purchased a new position in shares of Louisiana-Pacific in the fourth quarter valued at $19,039,000. Hedge funds and other institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Stock Performance

Shares of NYSE LPX opened at $99.58 on Friday. The firm’s 50-day moving average price is $109.65 and its 200-day moving average price is $106.67. Louisiana-Pacific has a 52-week low of $71.39 and a 52-week high of $122.87. The company has a market cap of $6.94 billion, a PE ratio of 16.94, a PEG ratio of 1.24 and a beta of 1.95. The company has a quick ratio of 1.69, a current ratio of 2.86 and a debt-to-equity ratio of 0.21.

Louisiana-Pacific (NYSE:LPX) last announced its earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.24. The business had revenue of $681.00 million during the quarter, compared to analyst estimates of $666.75 million. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. As a group, analysts anticipate that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th will be paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, February 27th. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. Louisiana-Pacific’s dividend payout ratio is presently 19.05%.

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.