FY2024 EPS Forecast for Louisiana-Pacific Raised by Analyst

Louisiana-Pacific Co. (NYSE:LPX) – Analysts at DA Davidson increased their FY2024 earnings per share (EPS) estimates for shares of Louisiana-Pacific in a research note issued to investors on Wednesday, November 6th. DA Davidson analyst K. Yinger now expects that the building manufacturing company will earn $5.53 per share for the year, up from their previous forecast 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.

Several other research firms have also commented on LPX. BMO Capital Markets lowered shares of Louisiana-Pacific from an “outperform” rating to a “market perform” rating and set a $99.00 price objective for the company. in a research note on Thursday, August 8th. Truist Financial lifted their price target on shares of Louisiana-Pacific from $105.00 to $113.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Royal Bank of Canada increased their price objective on shares of Louisiana-Pacific from $119.00 to $125.00 and gave the stock an “outperform” rating in a research report on Wednesday. StockNews.com upgraded Louisiana-Pacific from a “hold” rating to a “buy” rating in a research report on Saturday, November 2nd. Finally, TD Securities increased their price target on Louisiana-Pacific from $115.00 to $123.00 and gave the stock 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 issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $101.78.

Louisiana-Pacific Price Performance

Shares of Louisiana-Pacific stock opened at $108.14 on Thursday. The firm has a market cap of $7.60 billion, a PE ratio of 17.58, a PEG ratio of 4.63 and a beta of 1.88. The company has a current ratio of 3.38, a quick ratio of 1.95 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average of $101.89 and a 200 day moving average of $92.98. Louisiana-Pacific has a 12 month low of $57.13 and a 12 month high of $113.04.

Louisiana-Pacific (NYSE:LPX) last posted its earnings results 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. The company had revenue of $814.00 million during the quarter, compared to analysts’ expectations of $797.26 million. Louisiana-Pacific had a net margin of 15.22% and a return on equity of 27.09%. Louisiana-Pacific’s quarterly revenue was up 33.2% on a year-over-year basis. During the same period last year, the company posted $0.55 earnings per share.

Louisiana-Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $1.04 annualized dividend and a dividend yield of 0.96%. Louisiana-Pacific’s payout ratio is currently 16.91%.

Insider Buying and Selling

In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the transaction, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Louisiana-Pacific news, CEO William Bradley Southern sold 32,600 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $93.44, for a total transaction of $3,046,144.00. Following the sale, the chief executive officer now owns 596,886 shares of the company’s stock, valued at approximately $55,773,027.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lizanne C. Gottung sold 2,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $98.30, for a total value of $245,750.00. Following the completion of the transaction, the director now directly owns 21,005 shares of the company’s stock, valued at approximately $2,064,791.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 35,900 shares of company stock valued at $3,368,774 over the last three months. 1.53% of the stock is owned by company insiders.

Institutional Trading of Louisiana-Pacific

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

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.