Louisiana-Pacific Corporation (NYSE:LPX) Stock Has Average Price Target of $89.50

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have received an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $89.50.

Several analysts have recently weighed in on the company. Weiss Ratings upgraded Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. DA Davidson reaffirmed a “buy” rating and set a $99.00 target price on shares of Louisiana-Pacific in a report on Wednesday, September 2nd. The Goldman Sachs Group lowered their target price on Louisiana-Pacific from $74.00 to $64.00 and set a “sell” rating on the stock in a report on Monday, October 12th. Zacks Research raised shares of Louisiana-Pacific from a “strong sell” rating to a “hold” rating in a report on Monday, October 5th. Finally, TD raised their price objective on shares of Louisiana-Pacific from $86.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 14th.

Institutional Trading of Louisiana-Pacific

Several institutional investors and hedge funds have recently added to or reduced their stakes in LPX. Berkshire Hathaway Inc acquired a new stake in shares of Louisiana-Pacific during the second quarter valued at approximately $445,593,000. Legal & General Group Plc purchased a new stake in shares of Louisiana-Pacific in the 2nd quarter valued at approximately $7,219,000. Bank of America Corp DE acquired a new position in Louisiana-Pacific in the 2nd quarter worth approximately $26,389,000. Principal Financial Group Inc. boosted its stake in Louisiana-Pacific by 20.5% in the 1st quarter. Principal Financial Group Inc. now owns 497,852 shares of the building manufacturing company’s stock worth $36,219,000 after purchasing an additional 84,661 shares during the period. Finally, Maple Rock Capital Partners Inc. boosted its stake in Louisiana-Pacific by 36.8% in the 2nd quarter. Maple Rock Capital Partners Inc. now owns 1,521,859 shares of the building manufacturing company’s stock worth $119,709,000 after purchasing an additional 409,300 shares during the period. 94.73% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Trading Down 1.2%

Shares of LPX stock opened at $73.92 on Wednesday. Louisiana-Pacific has a 1 year low of $62.18 and a 1 year high of $100.34. The firm has a market capitalization of $5.17 billion, a PE ratio of 93.56, a price-to-earnings-growth ratio of 5.79 and a beta of 1.63. The stock has a fifty day moving average of $68.49 and a two-hundred day moving average of $72.26. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.67 and a current ratio of 3.22.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings results on Wednesday, August 5th. The building manufacturing company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.16). The business had revenue of $664.00 million for the quarter, compared to analyst estimates of $667.31 million. Louisiana-Pacific had a net margin of 2.19% and a return on equity of 4.67%. Louisiana-Pacific’s revenue for the quarter was down 12.1% on a year-over-year basis. During the same period last year, the business posted $0.99 earnings per share. As a group, research analysts expect that Louisiana-Pacific will post 1.13 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Friday, August 14th. Louisiana-Pacific’s payout ratio is presently 151.90%.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation (NYSE: LPX) is a manufacturer of building products used in residential, repair and remodeling, and outdoor construction. The company produces engineered wood products designed for use in structural framing, exterior siding, trim, and other building applications.

Its product portfolio includes LP SmartSide siding and trim, oriented strand board and other structural panel products, and solutions for outdoor buildings and construction projects. Louisiana-Pacific markets its products through building-material distributors, retailers, and specialty dealers.

Founded in 1972, Louisiana-Pacific is headquartered in Nashville, Tennessee.