Analysts Set Louisiana-Pacific Corporation (NYSE:LPX) PT at $105.83

Shares of Louisiana-Pacific Corporation (NYSE:LPX) have received an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $102.8333.

Several equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Louisiana-Pacific in a research report on Friday, March 27th. Zacks Research cut Louisiana-Pacific from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 5th. Barclays reduced their price target on Louisiana-Pacific from $104.00 to $90.00 and set an “overweight” rating for the company in a research report on Wednesday. DA Davidson reduced their price target on Louisiana-Pacific from $117.00 to $114.00 and set a “buy” rating for the company in a research report on Monday, February 23rd. Finally, Truist Financial lifted their price target on Louisiana-Pacific from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Tuesday, January 6th.

Louisiana-Pacific Stock Performance

NYSE:LPX opened at $75.19 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.78 and a quick ratio of 1.53. The business has a fifty day simple moving average of $81.23 and a two-hundred day simple moving average of $83.98. Louisiana-Pacific has a 1 year low of $69.34 and a 1 year high of $102.86. The company has a market capitalization of $5.25 billion, a P/E ratio of 35.98, a P/E/G ratio of 0.88 and a beta of 1.78.

Louisiana-Pacific (NYSE:LPX) last released its earnings results on Tuesday, February 17th. The building manufacturing company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. The business had revenue of $567.00 million during the quarter, compared to the consensus estimate of $589.96 million. Louisiana-Pacific had a return on equity of 10.72% and a net margin of 5.39%.The business’s revenue for the quarter was down 16.7% on a year-over-year basis. During the same period last year, the business posted $1.03 earnings per share. On average, analysts expect that Louisiana-Pacific will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 13th. Stockholders of record on Friday, February 27th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. This is a boost from Louisiana-Pacific’s previous quarterly dividend of $0.28. The ex-dividend date was Friday, February 27th. Louisiana-Pacific’s dividend payout ratio (DPR) is presently 53.59%.

Insider Activity

In related news, Director F Nicholas Grasberger III purchased 20,000 shares of Louisiana-Pacific stock in a transaction dated Thursday, February 19th. The stock was bought at an average cost of $85.49 per share, for a total transaction of $1,709,800.00. Following the completion of the transaction, the director owned 38,954 shares in the company, valued at $3,330,177.46. This trade represents a 105.52% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William Bradley Southern sold 55,346 shares of Louisiana-Pacific stock in a transaction on Wednesday, January 14th. The shares were sold at an average price of $91.66, for a total value of $5,073,014.36. Following the sale, the chief executive officer directly owned 503,381 shares of the company’s stock, valued at $46,139,902.46. This represents a 9.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 113,310 shares of company stock worth $10,235,781. 1.42% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Louisiana-Pacific

Several large investors have recently added to or reduced their stakes in LPX. Millennium Management LLC boosted its stake in Louisiana-Pacific by 128.6% during the first quarter. Millennium Management LLC now owns 176,762 shares of the building manufacturing company’s stock valued at $16,259,000 after buying an additional 99,455 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in Louisiana-Pacific during the first quarter valued at $273,000. Goldman Sachs Group Inc. boosted its stake in Louisiana-Pacific by 7.2% during the first quarter. Goldman Sachs Group Inc. now owns 274,776 shares of the building manufacturing company’s stock valued at $25,274,000 after buying an additional 18,413 shares during the period. Empowered Funds LLC boosted its stake in Louisiana-Pacific by 207.1% during the first quarter. Empowered Funds LLC now owns 28,219 shares of the building manufacturing company’s stock valued at $2,596,000 after buying an additional 19,029 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Louisiana-Pacific by 15.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 225,565 shares of the building manufacturing company’s stock valued at $20,747,000 after buying an additional 29,846 shares during the period. Institutional investors own 94.73% of the company’s stock.

Louisiana-Pacific Company Profile

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.