Louisiana-Pacific (NYSE:LPX) Research Coverage Started at Loop Capital

Loop Capital began coverage on shares of Louisiana-Pacific (NYSE:LPX) in a report released on Friday morning, MarketBeat.com reports. The firm issued a hold rating and a $82.00 target price on the building manufacturing company’s stock.

Several other research analysts have also recently weighed in on LPX. Royal Bank of Canada lifted their price target on Louisiana-Pacific from $80.00 to $82.00 and gave the company an outperform rating in a research report on Thursday, February 15th. DA Davidson reiterated a buy rating and set a $76.00 price target on shares of Louisiana-Pacific in a research report on Tuesday, February 13th. TD Securities lifted their price target on Louisiana-Pacific from $75.00 to $77.00 and gave the company a hold rating in a research report on Thursday, February 15th. TD Cowen reiterated a hold rating and set a $75.00 price target on shares of Louisiana-Pacific in a research report on Thursday, January 11th. Finally, Truist Financial lifted their price target on Louisiana-Pacific from $75.00 to $82.00 and gave the company a buy rating in a research report on Thursday, January 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Louisiana-Pacific has an average rating of Hold and an average price target of $74.75.

Louisiana-Pacific Stock Performance

Shares of NYSE:LPX traded up $0.45 during trading on Friday, hitting $74.30. The stock had a trading volume of 703,563 shares, compared to its average volume of 859,695. Louisiana-Pacific has a 12-month low of $49.47 and a 12-month high of $84.54. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 30.33 and a beta of 1.87. The company has a quick ratio of 1.54, a current ratio of 3.00 and a debt-to-equity ratio of 0.22. The stock has a 50-day simple moving average of $77.05 and a two-hundred day simple moving average of $68.67.

Louisiana-Pacific (NYSE:LPX) last announced its quarterly earnings data on Wednesday, February 14th. The building manufacturing company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.17. Louisiana-Pacific had a return on equity of 15.65% and a net margin of 6.90%. The firm had revenue of $658.00 million during the quarter, compared to analysts’ expectations of $618.60 million. During the same period last year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was down 6.7% compared to the same quarter last year. On average, equities research analysts expect that Louisiana-Pacific will post 4.89 earnings per share for the current fiscal year.

Louisiana-Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 8th. Investors of record on Friday, February 23rd were given a dividend of $0.26 per share. This is an increase from Louisiana-Pacific’s previous quarterly dividend of $0.24. The ex-dividend date was Thursday, February 22nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.40%. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 42.45%.

Insider Buying and Selling

In related news, Director Lizanne C. Gottung sold 2,500 shares of Louisiana-Pacific stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $77.58, for a total transaction of $193,950.00. Following the transaction, the director now owns 25,995 shares in the company, valued at $2,016,692.10. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.26% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Louisiana-Pacific

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LifeSteps Financial Inc. purchased a new stake in shares of Louisiana-Pacific in the 1st quarter valued at $25,000. Fidelis Capital Partners LLC purchased a new position in Louisiana-Pacific during the 1st quarter valued at about $25,000. Whittier Trust Co. acquired a new position in Louisiana-Pacific in the 1st quarter valued at about $31,000. Larson Financial Group LLC purchased a new stake in Louisiana-Pacific during the third quarter worth about $37,000. Finally, Signaturefd LLC lifted its position in shares of Louisiana-Pacific by 232.9% during the fourth quarter. Signaturefd LLC now owns 789 shares of the building manufacturing company’s stock worth $56,000 after purchasing an additional 552 shares in the last quarter. Hedge funds and other institutional investors own 94.73% of the company’s stock.

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.