Louisiana-Pacific Corporation (NYSE:LPX) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $97.80.

Several research firms have issued reports on LPX. Weiss Ratings upgraded shares of Louisiana-Pacific from a “sell (d+)” rating to a “hold (c-)” rating in a report on Friday, May 8th. Truist Financial reduced their price objective on shares of Louisiana-Pacific from $93.00 to $91.00 and set a “buy” rating on the stock in a research note on Wednesday, July 15th. Barclays increased their price objective on shares of Louisiana-Pacific from $89.00 to $93.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Zacks Research downgraded shares of Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 30th. Finally, Bank of America boosted their target price on shares of Louisiana-Pacific from $85.00 to $101.00 and gave the company a “buy” rating in a report on Tuesday, July 14th.

Institutional Investors Weigh In On Louisiana-Pacific

Institutional investors and hedge funds have recently made changes to their positions in the business. Wedge Capital Management L L P NC grew its stake in Louisiana-Pacific by 35.8% during the second quarter. Wedge Capital Management L L P NC now owns 120,492 shares of the building manufacturing company’s stock worth $9,478,000 after purchasing an additional 31,734 shares during the period. Handelsbanken Fonder AB boosted its holdings in shares of Louisiana-Pacific by 8.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 20,085 shares of the building manufacturing company’s stock worth $1,580,000 after buying an additional 1,500 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in shares of Louisiana-Pacific by 1.6% during the 2nd quarter. Valeo Financial Advisors LLC now owns 9,225 shares of the building manufacturing company’s stock worth $726,000 after buying an additional 147 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Louisiana-Pacific by 30.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,486 shares of the building manufacturing company’s stock worth $117,000 after buying an additional 349 shares during the period. Finally, Moody National Bank Trust Division grew its position in shares of Louisiana-Pacific by 59.3% during the 2nd quarter. Moody National Bank Trust Division now owns 20,006 shares of the building manufacturing company’s stock worth $1,574,000 after buying an additional 7,445 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Trading Down 0.1%

Shares of LPX stock opened at $73.92 on Monday. The stock has a market cap of $5.16 billion, a price-to-earnings ratio of 62.64, a PEG ratio of 2.33 and a beta of 1.60. The stock has a 50-day moving average of $74.51 and a 200-day moving average of $78.94. The company has a current ratio of 3.26, a quick ratio of 1.48 and a debt-to-equity ratio of 0.20. Louisiana-Pacific has a 1-year low of $66.12 and a 1-year high of $102.86.

Louisiana-Pacific (NYSE:LPX) last issued its quarterly earnings data on Wednesday, May 6th. The building manufacturing company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.24. The company had revenue of $574.00 million during the quarter, compared to the consensus estimate of $569.99 million. Louisiana-Pacific had a return on equity of 7.03% and a net margin of 3.20%.The firm’s revenue was down 20.7% compared to the same quarter last year. During the same period last year, the company earned $1.27 earnings per share. On average, equities research analysts forecast that Louisiana-Pacific will post 1.93 earnings per share for the current year.

Louisiana-Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Thursday, May 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Louisiana-Pacific’s dividend payout ratio (DPR) is 101.69%.

About Louisiana-Pacific

Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.

Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.