Louisiana-Pacific Co. (NYSE:LPX) Receives Average Rating of “Hold” from Analysts

Louisiana-Pacific Co. (NYSE:LPX) has been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $111.50.

LPX has been the topic of a number of research analyst reports. Royal Bank of Canada reaffirmed an “outperform” rating and set a $125.00 price target on shares of Louisiana-Pacific in a research report on Thursday, February 20th. DA Davidson cut their price target on shares of Louisiana-Pacific from $125.00 to $123.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Truist Financial upped their price target on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a “buy” rating in a report on Monday, January 6th. TD Securities dropped their price objective on shares of Louisiana-Pacific from $123.00 to $117.00 and set a “hold” rating on the stock in a report on Thursday, February 20th. Finally, BMO Capital Markets upped their target price on shares of Louisiana-Pacific from $105.00 to $108.00 and gave the stock a “market perform” rating in a research note on Thursday, February 20th.

Louisiana-Pacific Stock Up 2.7 %

NYSE:LPX opened at $95.21 on Tuesday. 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 has a 12-month low of $71.39 and a 12-month high of $122.87. The stock’s fifty day simple moving average is $105.54 and its 200-day simple moving average is $106.58. The firm has a market capitalization of $6.64 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.24 and a beta of 2.02.

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

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Thursday, February 27th were paid a $0.28 dividend. This is a positive change from Louisiana-Pacific’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.18%. The ex-dividend date was Thursday, February 27th. Louisiana-Pacific’s payout ratio is presently 19.05%.

Hedge Funds Weigh In On Louisiana-Pacific

A number of large investors have recently modified their holdings of LPX. Coldstream Capital Management Inc. raised its holdings in Louisiana-Pacific by 2.6% during the fourth quarter. Coldstream Capital Management Inc. now owns 3,700 shares of the building manufacturing company’s stock worth $383,000 after acquiring an additional 95 shares in the last quarter. Hanseatic Management Services Inc. raised its stake in shares of Louisiana-Pacific by 12.0% during the 4th quarter. Hanseatic Management Services Inc. now owns 935 shares of the building manufacturing company’s stock worth $97,000 after purchasing an additional 100 shares in the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Louisiana-Pacific by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 17,400 shares of the building manufacturing company’s stock valued at $1,802,000 after buying an additional 100 shares during the last quarter. Woodmont Investment Counsel LLC boosted its holdings in shares of Louisiana-Pacific by 3.2% in the 4th quarter. Woodmont Investment Counsel LLC now owns 3,254 shares of the building manufacturing company’s stock valued at $337,000 after buying an additional 100 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Louisiana-Pacific by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 2,202 shares of the building manufacturing company’s stock valued at $228,000 after buying an additional 114 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

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.