Shares of Louisiana-Pacific Co. (NYSE:LPX) have been given an average rating of “Buy” by the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $28.29.

A number of equities analysts have recently weighed in on the company. Longbow Research raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Monday, May 20th. ValuEngine lowered Louisiana-Pacific from a “hold” rating to a “sell” rating in a research report on Thursday, April 4th. Zacks Investment Research raised Louisiana-Pacific from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. TD Securities lowered their target price on Louisiana-Pacific from $27.00 to $26.00 and set a “hold” rating on the stock in a research report on Wednesday, May 8th. Finally, Bank of America raised Louisiana-Pacific from a “neutral” rating to a “buy” rating and set a $24.75 target price on the stock in a research report on Tuesday, April 30th.

Shares of NYSE:LPX opened at $24.87 on Tuesday. The company has a current ratio of 3.55, a quick ratio of 2.25 and a debt-to-equity ratio of 0.28. Louisiana-Pacific has a twelve month low of $20.39 and a twelve month high of $32.16. The company has a market cap of $2.96 billion, a PE ratio of 9.08, a PEG ratio of 3.15 and a beta of 1.40.

Louisiana-Pacific (NYSE:LPX) last issued its earnings results on Tuesday, May 7th. The building manufacturing company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Louisiana-Pacific had a return on equity of 19.63% and a net margin of 12.16%. The firm had revenue of $582.00 million for the quarter, compared to analyst estimates of $601.49 million. During the same period in the previous year, the company earned $0.63 earnings per share. Louisiana-Pacific’s revenue for the quarter was down 15.8% compared to the same quarter last year. Equities analysts predict that Louisiana-Pacific will post 1.52 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Tuesday, May 21st were given a $0.135 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date of this dividend was Monday, May 20th. Louisiana-Pacific’s payout ratio is currently 19.71%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LPX. Valeo Financial Advisors LLC purchased a new stake in Louisiana-Pacific in the 1st quarter valued at $45,000. Oregon Public Employees Retirement Fund raised its position in Louisiana-Pacific by 2,122.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,268,318 shares of the building manufacturing company’s stock valued at $57,000 after buying an additional 1,211,238 shares during the last quarter. Toronto Dominion Bank raised its position in Louisiana-Pacific by 28.5% in the 4th quarter. Toronto Dominion Bank now owns 2,570 shares of the building manufacturing company’s stock valued at $57,000 after buying an additional 570 shares during the last quarter. Baker Ellis Asset Management LLC purchased a new stake in Louisiana-Pacific in the 1st quarter valued at $134,000. Finally, Hollencrest Capital Management purchased a new stake in Louisiana-Pacific in the 1st quarter valued at $213,000. 89.45% of the stock is owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile

Louisiana-Pacific Corporation, together with its subsidiaries, manufactures building products primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It also markets and sells products for use in light industrial and commercial construction applications. It operates through four segments: Siding; North America Oriented Strand Board (OSB); Engineered Wood Products; and South America.

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Analyst Recommendations for Louisiana-Pacific (NYSE:LPX)

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