Louisiana-Pacific Corporation (NYSE:LPX) Receives $106.33 Consensus Target Price from Analysts

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have been given an average recommendation of “Hold” by the nine research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $106.3333.

A number of analysts have recently commented on the company. TD Securities dropped their price objective on Louisiana-Pacific from $97.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, November 6th. DA Davidson reissued a “buy” rating and set a $117.00 price target on shares of Louisiana-Pacific in a research report on Thursday, November 20th. Royal Bank Of Canada cut their price objective on Louisiana-Pacific from $114.00 to $104.00 and set an “outperform” rating on the stock in a report on Thursday, November 6th. Vertical Research started coverage on Louisiana-Pacific in a research note on Monday, October 20th. They issued a “buy” rating on the stock. Finally, Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th.

Louisiana-Pacific Stock Down 0.3%

Shares of NYSE:LPX opened at $81.78 on Friday. The company has a current ratio of 2.84, a quick ratio of 1.67 and a debt-to-equity ratio of 0.20. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 19.29 and a beta of 1.80. The stock’s 50-day moving average price is $84.81 and its two-hundred day moving average price is $89.42. Louisiana-Pacific has a 12-month low of $73.42 and a 12-month high of $121.61.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, November 5th. The building manufacturing company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.01). Louisiana-Pacific had a return on equity of 18.67% and a net margin of 10.34%.The company had revenue of $663.00 million for the quarter, compared to analysts’ expectations of $670.26 million. During the same quarter in the previous year, the company earned $1.22 earnings per share. The company’s revenue was down 8.2% on a year-over-year basis. On average, research analysts forecast that Louisiana-Pacific will post 5.27 EPS for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 21st. Shareholders of record on Friday, November 14th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Friday, November 14th. Louisiana-Pacific’s payout ratio is 36.25%.

Insider Activity at Louisiana-Pacific

In other Louisiana-Pacific news, Director Stephen E. Macadam bought 3,200 shares of the business’s stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $78.06 per share, with a total value of $249,792.00. Following the purchase, the director owned 41,149 shares in the company, valued at approximately $3,212,090.94. The trade was a 8.43% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.42% of the company’s stock.

Institutional Trading of Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in LPX. Cetera Investment Advisers boosted its position in shares of Louisiana-Pacific by 32.4% in the first quarter. Cetera Investment Advisers now owns 37,865 shares of the building manufacturing company’s stock worth $3,483,000 after buying an additional 9,262 shares during the period. HB Wealth Management LLC lifted its position in Louisiana-Pacific by 7.4% during the 1st quarter. HB Wealth Management LLC now owns 4,421 shares of the building manufacturing company’s stock worth $407,000 after acquiring an additional 306 shares in the last quarter. LPL Financial LLC grew its position in Louisiana-Pacific by 38.4% in the first quarter. LPL Financial LLC now owns 87,642 shares of the building manufacturing company’s stock valued at $8,061,000 after acquiring an additional 24,313 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Louisiana-Pacific by 331.7% during the first quarter. Mackenzie Financial Corp now owns 44,034 shares of the building manufacturing company’s stock valued at $4,050,000 after purchasing an additional 33,833 shares during the period. Finally, GSA Capital Partners LLP lifted its position in shares of Louisiana-Pacific by 114.4% during the first quarter. GSA Capital Partners LLP now owns 6,754 shares of the building manufacturing company’s stock worth $621,000 after purchasing an additional 3,604 shares in the last quarter. 94.73% of the stock is currently owned by institutional investors and hedge funds.

Louisiana-Pacific Company Profile

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.